Unionbank of the Philippines announced that it will offer select users of its mobile app the ability to exchange bitcoin and other digital currencies without the need for a third-party wallet, Blockchain.com reported. Cathy Casas, head of the bank, said, “We recognize that cryptocurrency-related services are already one of the services that many customers are looking for, especially the younger generation.” The transaction function will initially be available to random pre-selected users of the bank’s application. But its goal is a wider rollout in the near future. Unionbank, one of the 10 largest banks in the Philippines by assets under management (AUM) with more than $15 billion in assets under management (AUM), piloted cryptocurrency custody services last August, and in January this year, the bank unveiled a plan to facilitate crypto trading.