Philippines digital bank GoTyme, which has 6.5 million customers, has rolled out crypto services in the Philippines following a partnership with US fintech firm Alpaca.
A total of 11 crypto assets can now be bought and stored in GoTyme’s banking app via an auto conversion from the Philippine peso to USD, including Bitcoin, Ether, Solana, Polkadot and a host of other altcoins.
It is unclear if the firm will offer more sophisticated trading services in the future; however, the focus appears to be on simplicity and ease of access.
With plans to expand into Vietnam and Indonesia, the firm is looking to capture market share in the rapidly growing digital banking sector in Southeast Asia.
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