GoTyme Launches Crypto Services in the Philippines

GoTyme Launches Crypto Services in the Philippines

user avatar

by Elias Mukuru

a year ago

Made with AI

In a significant move for the Philippine banking sector, digital bank GoTyme has launched cryptocurrency services in collaboration with US fintech company Alpaca. This development marks a new chapter for GoTyme as it aims to enhance its offerings and attract a broader customer base. The source reports that this initiative is expected to drive innovation in the local financial landscape.

GoTyme Expands Cryptocurrency Offerings

GoTyme users can now buy and store a selection of 11 cryptocurrencies, including major assets like Bitcoin and Ethereum, directly within the GoTyme banking app. This integration simplifies the process of investing in digital currencies, allowing for seamless auto conversion from the Philippine peso to USD, thereby enhancing user experience.

Rapid Growth and Future Expansion Plans

Since its launch in October 2022, GoTyme has rapidly gained traction, amassing a client base of over 65 million people in the Philippines. The bank is not stopping there; it has ambitious plans to expand its services into neighboring markets, including:

  • Vietnam
  • Indonesia

Further solidifying its position in the Southeast Asian fintech landscape.

In a notable contrast to GoTyme's recent expansion into cryptocurrency services, Robinhood has announced its intention to acquire the Indonesian crypto trading firm Pedagang Aset Kripto. This strategic move aims to strengthen Robinhood's presence in Southeast Asia. For more details, see read more.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

PNC Bank Introduces Pilot Program for USDC Payments

PNC Bank has launched a pilot program for eligible clients to receive Ethereum-based USDC payments, automatically converted to US dollars.

user avatarAyman Ben Youssef

Circle and Global Citizen to Implement USDC Payments for Move Afrika Vendors

Circle and Global Citizen announce a partnership to implement USDC payments for vendors involved in the Move Afrika initiative, starting in Rwanda in 2027.

user avatarTando Nkube

Fold Focuses on Customer Retention with New Products

Fold focuses on customer retention and balances with new products like Fold Reserve and Lead Bank spending accounts.

user avatarNguyen Van Long

Onramp Introduces New Business Bitcoin Account with Enhanced Security Features

Onramp has launched a new business Bitcoin account focusing on security and governance, supporting up to three named users and role-based permissions.

user avatarKofi Adjeman

Fold Reports $42 Million Revenue and $26 Million Net Loss in Q3

Fold reported $42 million in revenue and a $26 million net loss for Q3, attributing growth to Bitcoin gift card sales via TikTok Shop.

user avatarSatoshi Nakamura

Hyperscale Data Shifts Focus to Mining and Infrastructure Development

Hyperscale Data plans to generate future Bitcoin balances primarily from mining while targeting infrastructure development.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.