Gow, a digital currency service provider licensed by the Bangko Sentral under its subsidiary ETranss, is launching in Manila in the fourth quarter. Licensed to provide exchange services between legal fiat and digital currencies, Gow will offer a variety of products and services that are set to be announced later this year, giving customers greater variety and real-world application.
Gow differs from existing service providers as it aims to be the first major bridge between traditional banking and digital currency industries. It will serve both retail and institutional clients, bringing new liquidity to the digital economy.
As a provider of feedback on the SEC’s draft ICO policy and respondent to the draft in August, Gow plays a key role in spearheading best practices and standards for security token offerings, especially in its capacity as a BSP licensed VCE.
“We began this journey with a simple goal—bridge the industry chasm and bring digital currencies and its benefits into the mainstream. To achieve this, Gow is working in partnership with regulators, big four auditors, and academia to define the next evolution of the digital token economy,” said Gow co-founder and chief executive Tim Ying.
Tim also alluded to partnering with traditional banking and new digital currency partners to provide the industry with an alternative to service providers such as Swift which offers cheaper and faster cross-border remittance.
Gow has a long history of serving Filipino and Chinese workers, making foreign remittances cheaper for overseas workers.
Gow Exchange is the parent and holding company of ETranss and (ETranss Remittance International Corp.) and CMT (China Money Trade). ETranss is registered with the Securities and Exchange Commission and a licensed virtual currency exchange.