Grab Philippines has announced a new feature allowing users to top up their GrabPay wallets with cryptocurrencies including Bitcoin and Ethereum.
New Crypto Top-Up Feature
On July 28, Grab Philippines officially announced the launch of the feature that allows users to top up their GrabPay wallets using cryptocurrencies. This is made possible through a collaboration with crypto payment company Triple-A and local exchange PDAX. Users can now utilize Bitcoin (BTC), Ethereum (ETH), and stablecoins USDC and USDT.
Expert Opinions on the Launch
Triple-A CEO Eric Barbier noted the Philippines' readiness for broader digital currency adoption, stating: 'We had a successful launch of GrabPay top-ups with cryptocurrency in Singapore. The response has been fantastic. Now, we’re looking forward to bringing this service to the Philippines, a market that’s ready for digital currencies.' PDAX CEO Nichel Gaba echoed this thought, highlighting the potential for the new payment option to benefit both crypto-savvy consumers and newcomers.
Security and Crypto Adoption
The launch of this new feature comes amid ongoing security concerns in the cryptocurrency space. A recent survey by Bitget Wallet highlighted that security risks remain a major barrier to mainstream acceptance of crypto payments, with 37% of investors identifying security vulnerabilities as the top obstacle to using crypto for everyday transactions.
The initiative by Grab Philippines signals a growing interest in blockchain-driven innovation and represents a significant step in merging traditional services with emerging financial technologies across Southeast Asia.
