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A Blockchain Space facility in Jakarta, Indonesia

Philippines-based workspace provider Acceler8 by UnionSPACE and fintech company SCI today announced the launch of the first Blockchain Space in the country.

Blockchain Space was co-founded by Indonesian Blockchain Association Chairman Steven Suhadi and UnionSPACE CEO Albert Goh.

Prior to the launch of their facility in the Philippines, the initiative has launched a coworking space in West Jakarta and is looking forward to launch more locations in the region.

The initiative aims to bring fintech companies across Southeast Asia together through a series of collaborative events involving networking, seminars, workshops, and training sessions. It also provides a coworking space for companies in the industry.

The location in Makati City will be the local chapter of the region-wide Blockchain Space initiative.

“We aim to spearhead initiatives in growing the industry by hosting modules from beginners to advanced levels. We will equip members of this community with tools to grow regionally in Southeast Asia through access to capital and network, as well as legal and technical advisory services,” said Blockchain Space Philippines Lead Peter Ing.

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As a workspace chain, Acceler8 by UnionSPACE offers business solutions such as office spaces, virtual offices, meeting rooms, and event spaces. In addition to spaces, it also gives members access to partners, investors, and venture capital firms across Southeast Asia.

UnionSPACE itself has presence in Indonesia, Malaysia, and Thailand, and already runs four Blockchain Spaces across the region.

In a press statement, Acceler8 CEO Mikko Barranda dubbed the initiative as an “exciting” project.

Founded in 2014, SCI helps users reduce costs of cross-border money transfer with its service Rebit.ph.

Having secured a first-of-its-kind license from the Bangko Sentral ng Pilipinas, the company’s products now includes Buybitcoin.ph, Bitbit.cash, and the upcoming digital asset exchange Citadax.com.

SCI co-founder and CEO John Bailon believes that the potential of the blockchain technology can only be maximised through “continuous” learning opportunities and promotions.