Crypto Trading Feature Coming Soon to GCash

crypto trading feature
Crypto Trading Feature

As part of Globe’s educational media workshop, the company announced its plan to introduce GCash as a platform for crypto trading shortly.

As part of Globe’s recent media workshop regarding blockchain-based technologies, a workshop was held for journalists. Media and content creators attended the said event. Also, people are interested in cryptocurrencies, non-fungible tokens (NFTs), metaverses, and other related technologies.

It has always been a fundamental principle of the Globe Group of Companies that digitalization will be embraced to improve the lives of Filipinos. Even though it is still in its infancy, we are already investing in learning to use Web 3.0 technology to create profitable solutions for our customers. This will cause a positive impact on society as a whole. — Yoly Crisanto, Globe’s Chief Sustainability, and Corporate Communications Officer.

According to Globe, the country’s number one mobile wallet will soon allow its users to buy and sell cryptocurrencies through its platform, which will be updated in the coming months.

crypto

There is no question that cryptocurrency interest and adoption remain significantly higher in the Philippines than the global average, primarily due to the popularity of play-to-earn games among Filipinos, who are among the world’s top mobile gamers, despite the current bear market.

Since Filipinos own so many NFTs, and as a result, take advantage of this medium to express themselves creatively, there are enormous market development opportunities in NFTs, said Neil Trinidad, GCash Vice President and Head of New Business.

GCash recently became compatible with Binance, Philippine Digital Assets Exchange (PDAX), and Paxful, which allow users to buy crypto. With Globe’s recent announcement, it can now be expected that GCash will soon be joined by these other crypto exchanges shortly.