After delivering a speech in California, Philippine President Ferdinand Marcos Jr. he unexpectedly appeared in Singapore via hologram greater than an hour later. In an try to modernize the best way he speaks, Marcos has adopted hologram technology, a three-dimensional projection of himself.
As the one speaker on the Singapore Fintech Festival, he took this revolutionary step, using technology that’s currently being explored by start-ups and giants comparable to Google and Microsoft Corp. as a revolutionary approach to communication.
While in San Francisco for the Asia-Pacific Economic Cooperation (APEC) meeting, Marcos delivered a speech via hologram before “attending” SFF 2023. Preparations for the hologram were made every week before he left for the United States for the summit, and coordination was carried out as a part of partnership between SFF, MAS, UnionBank, UnionDigital, Office of Communications of the President of the Philippines and Malacañang Radio Television.
In his speech, Marcos expressed his commitment to prioritizing the digitization of money transactions in Southeast Asia. He also highlighted the Philippines’ attention to the event of digital banking and financial inclusion, with a concentrate on the digitization of money flows to make sure access and progress for all. Marcos also expressed the country’s readiness to adopt recent technologies to deal with regional and global challenges, while keeping the fintech ecosystem open to collaboration with various stakeholders.
The Philippines’ central bank goals to make half of retail payments digital by this 12 months. The share of digital payments in retail transactions reached 42.1% last 12 months, based on data from the Bangko Sentral ng Pilipinas, with their adoption accelerated by the impact of the pandemic.
