- PayMaya has added the crypto feature into its app.
- The company obtained its VASP license in January 2022.
- Users can now buy and sell crypto on PayMaya.
Philippines-based major fintech company PayMaya has reportedly introduced a cryptocurrency feature by means of its all-in-one finance app experience. This feature allows users to buy and earn digital assets.
Read CRYPTONEWSLAND on
google news
Making financial services like cryptocurrency more attainable to the public is part of the company’s drive to go beyond payments. Bangko Sentral Pilipinas (BSP) has licensed PayMaya with both an Electronic Money Issuer (EMI) and Virtual Asset Services Provider (VASP).
With this new feature, users don’t have to use an additional app, make any upgrades, or register for an extra account. Specifically, customers with a PayMaya account can now discover how to use crypto, buy and sell coins, cash in through their wallets, and spend their crypto earnings.
The company is taking the progress of its new feature one step at a time. At the time being, PayMaya app offers popular coins and tokens such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Chainlink (LINK), Uniswap (UNI), Solana (SOL), Quant (QNT), Polkadot (DOT), Polygon (MATIC), and Tether (USDT). These coins and tokens are now available to be traded in the app and more will be added soon.
Advanced PayMaya users can access leading crypto straight from their PayMaya wallet in Philippine Pesos (PHP). Users can also harmoniously buy and sell crypto at any time with no extra deposit and withdrawal fees.
In January 2022, PayMaya obtained its VASP license from Bangko Sentral ng Pilipinas (BSP). Specifically, this is the central bank of the Philippines. As defined by the BSP Circular No. 1108 on Guidelines for Virtual Asset Service Providers, a VASP is an organization that provides services or takes part in tasks “that provide facility for the transfer or exchange of virtual assets.”
Recommended News :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
