The Philippines' top payment provider adds crypto to its mobile app.
Philippines-based major fintech company PayMaya has reportedly launched a new cryptocurrency feature on its app, following in the footsteps of PayPal, Venmo and others.
PayMaya clients will be able to trade, purchase, and spend digital assets on real-life services. Given the growing crypto trend, it is a smart move to do so. Everyone wants a piece of a pie, and that's great. The more competition the better the service, and the faster the adoption!
Going further PayMaya intends to make it as simple as possible for Filipinos to learn and use crypto as a business tool.
PayMaya is the Philippines' largest provider of digital payments. It's also a virtual money issuer (EMI) and virtual asset services provider (VASP), licensed by the Bangko Sentral ng Pilipinas, the Philippines' central bank. The PayMaya app has over 40 million registered users.
Blockchain organizations from Australia, Singapore, Malaysia, Thailand, Indonesia, and the Philippines signed a memorandum of understanding Thursday to promote blockchain collaboration in the Asia Pacific, Business Times reports. Given that they experienced a growing interest in digital assets and blockchain tech in general.
I mean some retailers accepted #axs and #slp as a way of payment, which indicates that not only millennials are accepting the idea behind it, but even older generations.
Sure, the main driving force are NFT games that made people money, but regardless, it's nice to see the adoption spreading.
T> he Philippine Department of Finance made it clear that it wants a piece of the profits generated by playing Axie Infinity and other play-to-earn games, amid the colossal success of the crypto-powered game Axie Infinity in the country.
Posted Using LeoFinance Beta
Wow. First time I am seeing this. This is a good to know knowledge. Thank you.