CEZA Administrator Raul L. Lambino revealed this week that 21 fintech firms are expected to invest around Php 2 billion in the freeport within the next two years.

The Secretary said that the startups, which are mainly engaged in blockchain and cryptocurrency operations, will be committing 1 million each for infrastructure, aside from application fees, license fees, probity checks and integration fees.

Lambino said that the 54,000 hectare CSEZFP is being poised to be a new Asian hub which will combine the best of nature and of cutting-edge technology for the world’s leaders in the burgeoning global currency of the future.

Source: Manila Bulletin

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