After announcing that it will issue cryptocurrency GCash (a bitcoin fork) to its clients, GCash, a major local e-wallet, said it hopes to eventually include bitcoin and ethereum trading in its platform. The company is still in the process of developing the platform, but it has already begun to roll out the app officially in the country’s capital Manila, which has a population of more than 12 million people, according to data released by the National Statistics Office.
Philippine e-wallet GCash is looking to change the way cryptocurrencies will be traded on its platform by offering a fiat to crypto trading platform which will allow its users to exchange fiat currencies for cryptocurrencies and vice versa.
The digital coin dash, which has been rapidly rising in popularity over the past few months, is now poised to become one of the world’s most popular forms of currency. Earlier this month, Philippine e-wallet GCash announced that it launched a new payment gateway that would allow users to buy and exchange dash.. Read more about best crypto wallet and let us know what you think.
GCash, one of the Philippines’ largest digital wallets, is reportedly considering launching exchange services for cryptocurrencies. Martha Sazon, CEO and president of GCash, announced that the company plans to allow users to buy, sell and store cryptocurrencies like bitcoin (BTC) on its platform. In an interview with The Philippine Star on Monday, Sazon said GCash is exploring cryptocurrency trading to keep up with financial innovation. Even though we are now considered vandals, in the digital age it is important to be careful with all types of vandalism. It’s important to know what the trends are, both locally and globally, and cryptocurrencies are part of those trends, she said. Sazon said the company was exploring potential integration options and related partnerships that would allow it to introduce cryptocurrency trading. As with any implementation, you need a platform, a working business model, a partner, and if they are satisfied, maybe, Sazon said. GCash is one of the most popular e-wallet platforms in the Philippines: According to Sazon, at least 40 percent of Filipinos have a GCash account. The platform is operated by Mynt, a financial services company and subsidiary of Globe Telecom, which operates the largest mobile network in the Philippines. The company’s potential entry into the cryptocurrency sector follows significant growth in its platform, with GCash’s user base increasing by more than 20% from 33 million to 40 million customers in February. We will continue to innovate and provide relevant and affordable financial services for all, Mr. Sazon said. As GCash launches cryptocurrency services on its platform, the company will follow the lead of some of the world’s largest providers of digital wallets and payment services, including PayPal, Square, Venmo and Revolut. PayPal first launched its cryptocurrency services last year when it began allowing U.S. residents to buy, sell and hold cryptocurrencies.(1) [ This article was originally published on CryptoNinjas.com ] The country’s first and only digital currency-based payment platform, GCash, is eyeing the potential of the crypto market for its users, the company’s chief executive said. “My opinion on the impact of cryptocurrencies is that it will make money more accessible to people even if they are just interested in investing for a hobby,” said Hans Davies, chief executive of GCash, a firm that launched in 2015 and claims to be the first in the country to introduce the use of the digital currency in a mobile payment system. “We’ve seen a jump in the number of users who transact in digital currencies due to the advantages of using them versus using banks, but it’s. Read more about bitcoin news today and let us know what you think.
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