Philippine’s largest digital payments firm PayMaya unveils new features to support crypto

Philippine’s largest digital payments firm PayMaya unveils new features to support crypto
фото показано с : invezz.com

2022-4-7 17:32

PayMaya, a fintech and digital payments firm based in the Philippines, has unveiled new features to allow crypto trading and enable people to earn cryptocurrencies on its application.

The launch of this feature comes as cryptocurrencies become more accessible in the Philippines. PayMaya seeks to support the cryptocurrency sector by becoming a leader in digital payments.

PayMaya ventures into crypto

PayMaya has the potential to boost crypto adoption in the Philippines, given its large digital user base. Moreover, the company issues electronic money and virtual asset services. PayMaya is licensed by the central bank of the Philippines.

Users on the PayMaya platform can now buy top cryptocurrencies like Bitcoin (BTC/USD) and Ethereum (ETH/USD) on the app without registering for another account or getting an upgrade. It will allow users to bypass the complex process of signing up on cryptocurrency exchanges, creating wallets and complying with KYC requirements.

The PayMaya account will be flexible because it will allow users to learn how to use cryptocurrencies, trade digital assets, spend their earnings through crypto, and conduct other activities.

The president of PayMaya, Shailesh Baidwan, commented on this development saying,

With the PayMaya e-wallet already a part of their everyday life for daily purchases and transactions, our customers now want to be able to buy and earn crypto smartly and seamlessly. That is why we are making it an integrated feature in our e-wallet app.

Users that register on the platform can trade in various cryptocurrencies through their PayMaya wallet using Philippine Pesos. The PayMaya app has over 40 million registered users, giving it a large user base.

Besides Bitcoin and Ethereum, users on PayMaya can also access a wide range of other cryptocurrencies, including Cardano, Chainlink, Uniswap, Solana, Quant, Polygon, Tether and Polkadot.

Growing crypto adoption in the Philippines

The Philippines is one of the largest crypto hubs globally. The crypto sector in the Philippines has grown significantly in recent years. The Philippines is the world’s largest player of the Axie Infinity play-to-earn game.

Statista Global Consumer Survey data demonstrates how virtual asset services have grown in popularity in the Philippines. With PayMaya venturing into the sector, adoption is expected to grow further.

The post Philippine’s largest digital payments firm PayMaya unveils new features to support crypto appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Digital Rupees (DRS) на Currencies.ru

$ 6.38E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $6.38E-5 - H: $6.38E-5
Капитализация $32.611k Rank 99999
Доступно / Всего 510.803m DRS

digital philippines crypto cryptocurrencies features payments firm

Источник: invezz.com

digital philippines → Результатов: 63


UnionBank of the Philippines to utilize METACO and IBM for its crypto custody operations

METACO, a provider of security software and infrastructure to the crypto-asset ecosystem, has announced that Union Bank of the Philippines will deploy its digital asset management solution. Moreover, UnionBank is deploying services on IBM Cloud, in order to leverage the confidential computing capabilities of IBM’s digital asset infrastructure which are fully integrated with METACO’s software.

2022-1-21 22:20


Фото:

Filipino Top Lender Joins Forces with Metaco and IBM for Crypto Custody 

Union Bank of the Philippines has partnered with Metaco and IBM for its digital assets custody operations. The partnership will enable UnionBank to leverage Metaco’s digital asset orchestration system, METACO Harmonize, and IBM Cloud to offer its customers secure digital asset custodial services, according to reports on January 20, 2022. Union Bank Unveils Crypto CustodyRead More

2022-1-20 22:00


Philippines Central Bank Governor Confirms Interest in Launching A Digital Currency

The central bank of the Philippines, otherwise known as Bangko Sentral ng Pilipinas (BSP), expresses its interest in launching its own central bank digital currency (CBDC). In a story first covered on Bloomberg, the governor of BSP, Benjamin Diokno, stated the country had formed a research committee on the possible launch of digital currency. The […]

2020-7-30 21:21


Фото:

Philippines’ Central Bank Is latest to Explore a Central Bank Digital Currency

The Central Bank of the Philippines is the latest on the list of countries to exclusively express their interest in developing a central bank digital currency. Benjamin Diokno, the Governor of Philippines’ central bank announced the news today, during the launch of NGC (New Generation Currency) banknotes in a virtual conference. He said that the […]

2020-7-29 20:42


Фото:

COVID-19 Pandemic Could Speed Up Central Bank Crypto Adoption

The COVID-19 pandemic will bring the end of cash and speed up the adoption of digital banking services, including central bank crypto, according to Edwin Bautista, CEO of UnionBank. Going Digital Is the Right Approach Amid Pandemic In an interview with Euromoney, the head of UnionBank, the Philippines’ ninth-largest bank, said that this might be the beginning of the end of hard cash, at least for the Philippines, a country whose lockdown measures are challenging […]

2020-4-5 15:00


Azimo to use Ripple ODL and XRP for remittances into The Philippines

Ripple, the cross-border payment network powered by distributed ledger technology (DLT), today announced a new partnership with European digital money transfer service Azimo. The company has launched with Ripple’s On-Demand Liquidity (ODL) service as part of its remittance capabilities into The Philippines, with plans to expand the use of ODL across more corridors this year.

2020-2-27 17:28


Philippines’ CEZA Approves First Digital Asset Token Offering (DATO)

MANILA, Philippines (September 2nd, 2019) — The Cagayan Economic Zone Authority (CEZA), Asia Blockchain and Crypto Association (ABACA) and First Bullion Holdings Inc. (First Bullion) has jointly announced the certification of the Flourish City Development Limited (FCD) Digital Asset Token Offering (DATO), the first asset-backed token offering approved by CEZA and ABACA.

2019-9-2 02:30


Philippines’ CEZA Approves First Digital Asset Token Offering (DATO)

MANILA, Philippines (August 15, 2019) -- The Cagayan Economic Zone Authority (CEZA), Asia Blockchain and Crypto Association (ABACA) and First Bullion Holdings Inc. (First Bullion) has jointly announced the certification of the Flourish City Development Limited (FCD) Digital Asset Token Offering (DATO), the first asset-backed token offering approved by CEZA and ABACA.

2019-8-19 14:30


Philippines crypto exchange CEZEX listing Digix gold-backed token, DGX

Philippines crypto exchange CEZEX listing Digix gold-backed token, DGX » CryptoNinjas Digix, the blockchain company behind the world’s first gold-backed token, announced today a strategic partnership with Singapore-based CEZEX Digital Exchange, a fully regulated and compliant market exchange that obtained a license from CEZA (a special economic zone in the Philippines) for listing and trading of digital assets.

2019-7-25 22:19


Philippines’ Central Bank Abandons Plans of Launching Own Cryptocurrency

Philippines’ Central Bank is reportedly ready to halt its planned launch of a digital currency and wait for at least five years. The Bangko Sentral ng Pilipinas, according to Phillstar Global, a local news outlet, is rethinking issuing its own digital currency as it monitors the global crypto space. Benjamin Diokno, the bank’s governor, spoke […]

2019-7-5 20:56


Ripple: xRapid-powered remittance service to The Philippines will go live this month, confirms SendFriend

After years of being ridiculed an mocked, the world of cryptocurrencies and digital assets is finally getting its due following the growing involvement of several institutional investors. Presently, it’s not just financial and non-financial institutions running the race to get a step ahead in the field, but governments across the world are in the same […] The post Ripple: xRapid-powered remittance service to The Philippines will go live this month, confirms SendFriend appeared first on AMBCrypto.

2019-6-6 11:30


BitMEX funds Philippines-based crypto-exchange PDAX, aims to harness ‘transformative potential of cryptocurrencies’

BitMEX Ventures has infused an undisclosed amount of funds into the cryptocurrency exchange platform, Philippines Digital Asset Exchange [PDAX]. The BSP regulated exchange, PDAX, had recently secured an undisclosed amount of capital from ConsenSys Ventures, the venture capital arm of US-based blockchain firm, ConsenSys.

2019-6-4 19:30


Philippines’ Central Bank Approves 3 Crypto Exchange Platforms, Brings Total To 10

Philippines’ Central Bank Approves 3 Crypto Exchange Platforms, Brings Total To 10 Soon, the Philippines will have as many approved crypto exchange platforms as Japan. The country’s central bank has already granted permits to 10 digital trading platforms, a figure that will inevitably grow in the future. In other news, one of the biggest banks […]

2019-4-11 02:23


Фото:

How European Businesses Are Using Blockchain to Expand Globally

At the recent Ripple Regionals event in London, three European business leaders highlighted their successful growth in exciting new markets—from Mexico to the Philippines and beyond. Each company has used blockchain and digital assets to overcome the challenges of dealing with exotic currencies and new banking partners, making cross-border payments faster, cheaper and more transparent … Continued The post How European Businesses Are Using Blockchain to Expand Globally appeared first on Ripple.

2019-2-22 22:19


Crypto ATM Plans by UnionBank to Trade Digital Assets for Philippine Pesos is with Coins.ph

Crypto automated teller machines (ATMs) are growing in popularity, allowing holders of cryptocurrency to exchange their money for crypto tokens. One of the most recent launches is being planned for the UnionBank of Philippines, which plans to launch an ATM that provides a means to trade digital assets for Philippine Pesos. The launch is a […]

2019-2-11 04:21


Фото:

Philippines Implement New Regulations for its Cryptocurrency Industry

Crypto-friendly Philippines now has a new set of comprehensive regulations tagged as the digital Asset Token Offering (DATO) regulations. The guidelines were formulated and approved by the Cagayan Economic Zone Authority (CEZA), to sanitize the space and protect consumers against fraud, according to a Vietnam News report on February 4, 2019.

2019-2-5 14:00


November 30th Bitcoin, Blockchain and Cryptocurrency News Recap [VIDEO]

Ripple's UBRI Partnership with University of Texas at Austin Has Been a Huge Blockchain Success Ripple's UBRI Partnership With University Of Texas At Austin Has Been A Huge Blockchain Success Chinese Crypto Miner Huaren Capital to Launch a Digital Peso for Remittances in the Philippines Chinese Crypto Miner Huaren Capital To Launch A Digital Peso […]

2018-12-1 07:29


дальше еще 14 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Около 260 млн игроков покинули игру Hamster Kombat

Популярная «тапалка» Hamster Kombat больше не популярна. Игроки массово покидают проект. В начале августа ежемесячное количество игроков Hamster Kombat оставляло более 300 млн человек. К ноябрю этот показатель обвалился до 40,9 млн.

Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before US Election

As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year.   While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in the upcoming hours.

BNB price unfazed as Binance burns 1.7M tokens

Binance has burned over 1.7 million BNB tokens as a part of its quarterly burning initiative. On Nov. 1, Binance, the world’s largest cryptocurrency exchange in terms of trading volume, announced its 29th quarterly BNB token burn, where it removed…