No to ‘crypto,’ yes to blockchain technology, Ida Tiongson tells CoinGeek Backstage


Breaking common misconceptions and providing various industries and the youth with a deeper understanding and clarity of blockchain technology are the primary targets of the second Philippine Blockchain Week (PBW) on September 19-21, 2023.

Speaking to CoinGeek Backstage, Philippine Fintech Alliance Trustee Ida Tiongson said now is the perfect time to educate the public on what blockchain can do beyond digital currencies.

Enumerating the recent happenings in the “crypto” space, including the crackdown on top exchanges Binance and Coinbase (NASDAQ: COIN), Tiongson said while this paints a clear picture of the risks associated with speculative digital assets, there is still good that can be found in investing in digital currencies.

“In the crypto space, it is believed that 95% of the cryptocurrencies are, in fact, anomalous. But of course, there’s five percent that are good,” she said, noting that organizers of this year’s PBW…

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