GCash Plans To Enter The Cryptocurrency Scene Soon

The famous mobile wallet is getting ready for its next big move.

Heads up, GCash users! The most famous online wallet is adapting crypto features very soon.

“Globe is committed to embracing digitalization to uplift the lives of Filipinos. Web 3.0 is still in its infancy. But we are learning to harness its technologies to solve problems,” said Yoly Crisanto. Crisanto is Globe’s Chief Sustainability and Corporate Communications Officer.

Globe announced its plan to launch crypto features during its educational media workshop.

The ongoing bear market in the crypto world is not a problem for the telecom giant. More Filipinos are getting into crypto due to the popularity of play-to-earn games.

“There are huge market development opportunities in NFTs. Filipinos are among the world’s top NFT creators and owners,” shared Neil Trinidad. Trinidad is Vice President and Head of New Business at GCash.

One of the most famous P2E games in the country is none other than Axie Infinity. It is a Pokemon-like crypto game that boomed during the bull market of 2021. Axie Infinity went down along with BTC, being the mother of all crypto. But fans are hoping for its resurgence after the crypto market heals.

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A few months ago, GCash allowed its users to buy crypto on several exchanges. This included Binance and PDAX (Philippine Digital Assets Exchange. With the company’s statement, we can expect its crypto features to roll out within the next few weeks.

Featured Image Daniella Sison


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