MANILA, Philippines — GCash has announced that it will begin offering cryptocurrency services to its users by allowing them to buy crypto from exchanges such as Binance, Philippine Digital Assets Exchange, and Paxful.
The company has been touted as the country’s leading mobile wallet as it features an easy-to-use interface with reliable security. Asides from offering crypto services, the wallet also gives users a wide array of features such as GInvest for investments, GSave for a savings account, GCredit for a credit line, GInsure for insurance, and GLife for e-commerce shopping for essentials to name a few.
“With the continued expansion of the digital age, it’s vital for financial institutions like GCash to keep up with the trends and customers’ preferences, like cryptocurrency. And at GCash, we are doing just that to further enhance the customers’ experience and enable them to power up their finances for better lives. GCash will also continue to innovate and provide safe, relevant, and accessible financial services for all,” said Martha Sazon, GCash President and CEO.
The company currently has over 55 million users and is widely accepted in most crypto exchanges for cash-in or peer-to-peer transactions.
“We’re happy to work together with GCash in giving our users cost-friendly fees when they buy, sell and trade cryptocurrency using our platform. We’ve always wanted to make cryptocurrencies more accessible to Filipinos,” said Nichel Gaba, PDAX Founder, and CEO.
“Our users enjoy seamless transactions with GCash. They can buy and pay crypto directly from their GCash e-wallets. This is very ideal, especially for those who are just starting to venture in cryptocurrency,” said Neil Trinidad, GCash VP and Head of Cryptocurrency.
In moving into the crypto space, GCash will further accelerate and strengthen its financial services and products to cater to the ever-changing needs of its users.
Source: Rappler, Negosyante News via Teodoro Dominguez