Summary
- Grab has announced that it will offer a virtual asset top-up service to users in the Philippines.
- Users can top up their GrabPay wallets with major virtual assets such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USDC.
- Grab stated that the introduction of a cash-out option via virtual assets will expand financial inclusion in the Philippines.
Southeast Asia's largest ride-hailing platform, Grab, has announced that it is providing a virtual asset (cryptocurrency) top-up service for users in the Philippines.
On the 28th (local time), Grab announced through its official channel, "Philippine Grab users can now top up their GrabPay wallets with Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USDC, etc., as balances via local exchanges TripleA and PDAX."
CJ Laxican, Country Head of Grab Financial Group Philippines, said, "By integrating virtual assets into GrabPay's cash-out option, we will help increase financial inclusion in the Philippines," adding, "We aim to provide broader banking services to the people of the Philippines by offering more accessible digital-based solutions."
YM Lee
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