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By: Luzonwide News Correspondent

The Cagayan Economic Zone Authority (CEZA) conducted the “1st CEZA Initiated webinar on Blockchain and Financial Technology (Fintech 101): Cagayan Valley Chapter)” on October 21, 2021 participated by almost 400 attendees from the different regional line agencies, local government units, academe, media entities, and business stakeholders. The objective of the webinar is to educate and touch base with the different participants/attendees of the most basic principles, fundamentals, regulations and innovative-driven opportunities brought by the Financial Technology Industry.

In his opening speech, in behalf of Secretary Raul Lambino, Usec. Reymundo T. Roquero welcomed all the participants and organizers who joined the virtual seminar and discussed what the future holds for cryptocurrency and blockchain.

Atty. Mike Gerald David, the CEZA resource speaker for fintech and virtual currency presented Fintech 101: the Foundation of Blockchain and Financial Technology. He discussed a variety of topics that have covered fintech and blockchain’s background, industry acceptance, situation, and regulation in Southeast Asian countries including the Philippines.

Atty. David’s presentation offered valuable insights to representatives of participating government agencies, LGU’s, members of the academe, media practitioners and other stakeholders. In his presentation, Atty. David said cryptocurrency in the country is yet to be used in general commerce and is seen to be more of an alternative form of electronic money and not a security.

Meanwhile, CEZA Department Manager for Marketing and Investments Promotions and OIC of Cagayan Offices, Leonardo C. Cruz in his closing remarks said the agency intends to make this online event a series of webinars on Fintech and CEZA as it promotes the adoption and integration of financial technology in the country.

Cruz also said, he would like to think of blockchain as a new ecosystem of transactions for the future. “A vast ecosystem where inhabitants can embrace diverse roles. With fresh opportunities are abundant and the fortuity for collaboration is ripe.”

The Department Manager/OIC likewise said the strength of blockchain and cryptocurrency is correlated to the span of its network. “We at CEZA embrace this philosophy as we invite you all to explore with us the numerous opportunities for collaboration in financial technology.”

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