PayMaya Philippines yesterday launched its cryptocurrency feature through its all-in-one finance app experience, allowing Filipinos to easily buy and earn digital assets such as Bitcoin and Ethereum for as low as P1.
The company said the new offering is part of its overall thrust to go beyond payments by making financial services like crypto more accessible to the general public.
PayMaya is both an electronic money issuer and virtual asset services provider, licensed by the Bangko Sentral ng Pilipinas.
Upgraded PayMaya users can trade in a variety of the most popular coins directly from their PayMaya wallet in Philippine pesos. They can also seamlessly buy and sell crypto anytime with no extra cash in and cash out fees.
PayMaya said it developed this feature under its invest platform in connection with Coinbase Institutional, the largest publicly traded crypto company in the world and the trusted bridge to the crypto-economy.
Aside from Bitcoin and Ethereum, other popular coins and tokens available for trading in the PayMaya app are Cardano (ADA), Chainlink (LINK), Uniswap (UNI), Solana (SOL), Quant (QNT), Polkadot (DOT), Polygon (MATIC) and Tether (USDT), with more coming soon. – Myla Iglesias
