#Crypto

GrabPay users in the Philippines now have the option to top up their wallets using cryptocurrency such as BTC, ETH, and stablecoins. According to a recent in-app notification, the top-up service is done in partnership with local crypto exchange PDAX. GrabPay says it remains compliant with Bangko Sentral ng Pilipinas (BSP) regulations, meaning crypto-related transactions are still subject to local financial laws. This move adds another use case for crypto in everyday payments, letting users convert digital assets into pesos for use within the Grab ecosystem. Grab’s terms highlight the risks tied to crypto, including price volatility. GCash users can now opt for an easier, accessible direct-to-crypto top-up method when trading for Axie Infnity’s in-game currencies. With the recent regulatory challenges faced by Binance along with the restrictive nature of cryptocurrency itself—Axie and GCash partnered up to help the Philippines in diversifying access for their users in the Philippine community. GCash President and CEO Martha Sazon also noted that “crypto gaming should be friendly, affordable, and enjoyable to all''. Read more in our articles including "PH‑SEC Avisoran: Unregistered Cryptocurrency Platform Warnings" and "GrabPay Wallet now supports crypto top-ups".