2021-06-06 19:22:46
According to J.Young, a big piece of news went relatively went unnoticed. Gcash, the biggest mobile wallet in the Philippines, is reportedly considering integrating Bitcoin. This is huge for adoption. Why? the vast majority of users in the Philippines use Gcash for daily payments.
Gcash is short for Globe Cash, and it is a payment app developed by the country's biggest telecommunications conglomerate.It is used for anything from direct payments to paying at restaurants, malls, convenience stores, bank transfers, and utility bills.
Bitcoin is already very popular in the Philippines. the most used crypto app that allows users to buy and sell BTC, ETH, and other cryptos, surpassed 5 million users years ago.Gcash integrating Bitcoin (if it happens), would bolster adoption
There is massive Bitcoin and overall crypto adoption happening in Southeast Asia.Particularly, the Philippines, Thailand, and Vietnam are showing a rapid increase in user activity.Price talk aside, this fundamental growth is very inspiring and optimistic.
__ @Crypto2AF_PayBot
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