In a strategic move to expand the application of cryptocurrencies in real life, Grab – the leading technology super app in Southeast Asia – has officially launched the feature of depositing digital assets (BTC, ETH, USDT, USDC) into GrabPay wallet in the Philippines. This is the result of close cooperation between Grab and Triple-A – a digital asset payment solution provider, and PDAX – a leading digital asset exchange licensed by the Central Bank of the Philippines (BSP).
Crypto payments become a reality
Following the success of this feature in Singapore in 2024, Grab users in the Philippines can now top up their GrabPay wallets using popular digital assets such as Bitcoin (BTC), Ethereum (ETH), USDT or USDC. The top-up process is designed to be simple and intuitive: users simply select the crypto type, select the token, enter the converted PHP amount and send the crypto to the specified address. Once the transaction is confirmed, the GrabPay balance will be updated quickly.
Grab Financial Group Philippines representative affirmed: “This is an important step forward in the journey to promote financial inclusion – especially for unbanked or digital-first groups.”
Ensuring safety and legal compliance
This feature is implemented with the support of two prestigious partners in the Web3 field:
- Triple-A: Previously partnered with Grab in Singapore, licensed by the Monetary Authority of Singapore (MAS) and FinCEN (USA).
- PDAX: Domestic exchange supervised by the Philippine Central Bank (BSP).
The combination of Grab, Triple-A and PDAX not only ensures legal and information security factors, but also opens the door for millions of users to access decentralized finance (DeFi) simply and legally.
Triple-A CEO Eric Barbier said:
“Expanding crypto services to the Philippines is a practical step forward, bringing digital assets closer to everyday life.”
Mr. Nichel Gaba – CEO PDAX – commented:
“The Philippines is one of the fastest growing crypto markets. We look forward to accelerating the practical application of cryptocurrencies through this partnership.”
Accelerating Web3 Strategy in Southeast Asia
Grab's move this time continues to show a clear strategy in entering the Web3 era. Previously, this super app had:
- Partnering with Circle to integrate Web3 wallet.
- Connect with Axie Infinity to provide a rewards program for users in the Philippines.
Grab's strong growth in the Web3 field not only marks the transformation of traditional technology companies, but also creates conditions for ecosystems such as DeFi, GameFi, and NFT to reach the general user community - which previously faced many technical and legal barriers.
Summary
Grab is transforming the way Southeast Asians access digital finance – from using digital assets as an investment tool to a practical and universal payment tool. With support from organizations like Triple-A, PDAX, and strategic partners from innovators like HVA Group, the Web3 ecosystem in Southeast Asia is entering a period of more sustainable growth than ever before.
