Southeast Asia Giant Grab Launches Crypto Top-Up in Philippines After Singapore Success
Main Idea
Grab has expanded its crypto wallet top-up feature to the Philippines, allowing users to fund their GrabPay e-wallets with cryptocurrencies, following its successful launch in Singapore.
Key Points
1. Grab's crypto top-up feature in the Philippines supports Bitcoin, Ethereum, USDC, and USDT through a partnership with Triple-A and local providers.
2. The expansion builds on Grab's successful crypto top-up launch in Singapore in March 2024, where it became the first major Southeast Asian super-app to offer such a service.
3. Grab's partnership leverages regulatory compliance with the Bangko Sentral ng Pilipinas and Triple-A’s licensing to facilitate crypto adoption.
4. Grab first ventured into Web3 in 2023 through partnerships with Circle and Polygon, enabling blockchain wallets and NFT vouchers in Singapore.
5. Stablecoins settled $27.6 trillion in transactions in Q1 2025, surpassing Visa’s 2023 volume, indicating significant institutional adoption.
Description
Grab has expanded its crypto wallet top-up feature to the Philippines, allowing users to fund their GrabPay e-wallets with Bitcoin, Ethereum, USDC, and USDT through a partnership with payments provider Triple-A and local exchange PDAX. The expansion builds on the successful launch of crypto top-ups in Singapore in March 2024 , where Grab became the first major Southeast Asian super-app to integrate direct cryptocurrency payments for everyday services, including ride-hailing, food delivery, and m...
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