Published: 06.04.2022
Article reading time:
2 minutes.
An option has become available to users of the mobile application of the Philippine fintech company PayMaya, which allows them to earn on cryptocurrency assets.
PayMaya Philippines posted on the official website an official notice that starting from April 6, the function of buying, selling and cashing out crypto assets through a universal financial application is available to customers.
The current PayMaya user account, agreed, has become universal and those who wish to trade digital assets will not have to register a separate one. Buying and selling cryptocurrencies can be done at any time “without additional fees for depositing and withdrawing funds.”
“We are seeing an increase in the popularity of cryptocurrencies, especially among young users who prefer digital technologies. Since the PayMaya e-wallet has already become a part of their daily routine for daily purchases and transactions, our customers now want to be able to buy and earn cryptocurrencies. That’s why we’ve integrated this feature into our app,” says PayMaya President Shailesh Baidwan.
At the initial stage, PayMaya users will have access to operations in ten cryptocurrencies: BTC, ETH, ADA, LINK, UNI, SOL, QNT, DOT, MATIC and USDT. PayMaya is an Electronic Money Issuer (EMI) and Virtual Asset Service Provider (VASP) licensed by The Bangko Sentral ng Pilipinas (BSP).
In March 2022, the Central Bank of the Philippines decided to launch a government cryptocurrency research project.
The other day, the American payment company PayRange announced that, following user requests, it added the ability to pay for goods in cryptocurrency using the PayRange mobile application. At the initial stage, payments in BTC, ETH and SHIB are supported, and additional commissions or interest for making cryptocurrency transactions will not be charged.
Source: Bits
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