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Maya Urges Businessmen to Adopt Blockchain

Maya Urges Businessmen to Adopt Blockchain

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Surgery by Nathaniel Cajuday

Online payment platform Maya encouraged entrepreneurs and online merchants to consider adopting blockchain technology as it becomes more common and readily available in the country.

“So there’s a lot of promise around the core technology behind cryptocurrency, which is blockchain, [as it] It holds a lot of promise for international remittances, making it easier to buy goods and services from around the world, and developing safer and smarter contracts for goods and services. said Pepe Torres, Maya Chief Marketing Officer (CMO), said during the Franchise Asia Philippines 2022 Virtual Conference.

Citing the latest Visa Consumer Payment Attitudes Survey, Torres said interest in paying and receiving rewards with cryptocurrencies is growing.

Source: Visa Consumer Payment Attitudes Study 2021

“It’s also worth noting that the interest in crypto payments is growing significantly in the Philippines and all over the world, so the interest is growing, 72 percent here in the Philippines, but also 76 percent are rewarded for cryptocurrencies.” he added.

It can be recalled that Maya rebranded as Paymaya last May 2022, a month after the e-wallet started offering crypto to its users after partnering with American crypto exchange Coinbase Institutional.

Maya Crypto after the statement that it aims to be The easiest way to start your crypto journey,” seems to have received the biggest overhaul: Maya confirmed that users can now buy, hold, and sell popular coins, including Bitcoin, Ether, Solana, Tether, and more, for as little as ₱1 all within the Maya app.

Since then, Maya began rewarding its mobile app users with Bitcoin and other cryptocurrencies for transacting within the platform.

In one case, a student in Cebu won ₱1 million worth of Bitcoin just by making payments using the app. (For more information see the article Maya offers BTC promo for 9.9 discount and student pays for a meal with Maya, wins 1 million worth of Bitcoin)

The Franchise Asia Philippines 2022 virtual conference was held on September 20-22, 2022 via Zoom. This was organized by the Finance Association of the Philippines.

The event aims to be a gateway to the large and consumer-oriented market of the Philippines and the vibrant economies of the Asia-Pacific region. Their next event is at the SMX Convention Center in Manila at their International Franchise Expo on October 14-16, 2022.

This article was published in BitPinas: Maya Urges Businessmen to Adopt Blockchain Technology

Disclaimer: BitPinas articles and its external content are no financial advice. The team delivers independent, unbiased news to provide information on Philippine crypto and beyond.

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