Filipino lawmaker and representative of the 5th District of Pangasinan Kimi S. Cojuangco, pushes the proposed "E-Peso Act 2014" to be immediately enacted, as the Philippines is lacking an "official medium of exchange or money for the internet," reported The Philippine Star.
The representative explained: "What exists is a patchwork of methods using traditional credit systems, which act in place of money on the Internet. The E-peso is the electronic equivalent to the paper […]