Start Your Crypto Journey with PayMaya

As cryptocurrencies (crypto) are becoming more popular in the country, Filipinos can now start their crypto journey with PayMaya.

Today, the digital financial services leader announced that it launched its cryptocurrency (crypto) feature through its all-in-one finance app experience, enabling Filipinos to easily buy and earn digital assets such as Bitcoin and Ethereum for as low as P1.

For many of us, crypto can be challenging. Usually, you need to download and register for a crypto account and subject yourself to a verification process. You also need to have a bank account or e-wallet app as a fund source.

With this development, PayMaya makes it easier than ever for all of us to get into crypto by providing an all-in-one experience. There is no need to register for another account, apply for an upgrade, or use another app. Unlike other e-wallets and apps, you can learn to use crypto, cash into your wallet, buy and sell coins, and spend your crypto earnings without leaving your PayMaya account.

All you need to have is an upgraded PayMaya account to start trading in a variety of the most popular coins directly from your PayMaya wallet in Philippine Pesos. You can also seamlessly buy and sell crypto anytime with no extra cash in and cash out fees.

PayMaya is both an Electronic Money Issuer (EMI) and Virtual Asset Services Provider (VASP), licensed by the Bangko Sentral ng Pilipinas (BSP). With PayMaya’s strong track record of security and reliability with its 99.9% app uptime, consumers can enjoy safe and legitimate crypto transactions.

PayMaya is currently rolling out the feature progressively to its base. Other popular coins and tokens available for trading are Cardano (ADA), Chainlink (LINK), Uniswap (UNI), Solana (SOL), Quant (QNT), Polkadot (DOT), Polygon (MATIC), and Tether (USDT), with more coming soon.

PayMaya developed this feature under its Invest platform in connection with Coinbase Institutional. Coinbase is the largest publicly traded crypto company in the world and the trusted bridge to the crypto-economy. Coinbase Institutional offers a comprehensive suite of products and services including custody, prime brokerage, trading tools, and analytics, and an enterprise infrastructure built on top of a robust security platform. Coinbase Institutional provides the scale and stability needed to successfully participate in the crypto economy.

“We’re excited to offer this new feature to our users – especially as more Filipinos become increasingly interested in cryptocurrency. Being at the forefront of digital payments and financial services, offering crypto is a natural expansion for us as we build the Philippines’ most accessible end-to-end money platform,” said Shailesh Baidwan, President of PayMaya Philippines.

Crypto made easy for every Filipino 

Upgraded PayMaya users can conveniently access this feature on the PayMaya app. If you’re new to PayMaya, registration only takes minutes, and you can easily upgrade your account – all you need is one valid ID and a video selfie.

Once you upgrade your PayMaya account, you can now unlock a simple, seamless, and beginner-friendly way to invest in crypto on PayMaya.

To help you understand the basics of crypto, PayMaya gives you access to tutorials and additional guided content in the app. Once you’re ready, you can enjoy a seamless and easy-to-navigate interface for your transactions as you buy, sell, hold, and even cash out your earnings – all in one app!

Cashing in is easy because PayMaya boasts over 110,000 cash-in touchpoints nationwide – with 90,000 outlets offering this service FOR FREE. You can also enjoy flexibility when it comes to enjoying your crypto earnings – from using it to pay your bills, shop online or in-stores, or cashing out via bank transfers in real-time!