key point
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We are honored to partner with GCash, the best mobile wallet app in the Philippines! Through this partnership, we are making cryptocurrency more accessible to Filipinos.
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Today, approximately 80% of Internet users in the Philippines use GCash for financial services such as money transfers, bill payments, and online shopping. That number is over 80 million! For our American readers, think of GCash as the Venmo of the Philippines. However, given the Philippines’ unique financial environment, it has broader impact and adoption.
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AXS and SLP are already available through GCash’s GCrypto functionality, but our collaboration aims to expand and enhance these services. We are focused on improving the user experience and are excited about the potential advancements this partnership can bring.
The Philippines has long been the heartland of Axie, Ronin, and Web3 gaming. For example, Filipinos were ranked: World’s first I’ve been interested in Web3 games for the past three years. However, the restrictive nature of cryptocurrency regulation may tie the hands of these early adopters. Here’s what this partnership means for our movement and our allies in PH.
Recent developments such as the regulatory issues faced by Binance, a common method of entry for many Filipinos, highlight the need for multiple access methods for the local Axie and Ronin communities. In response, our collaboration with GCash is a strategic move to provide Filipinos with an alternative that meets local dynamics and user needs.
In the Philippines, approximately 80% of internet users rely on GCash for financial services. There are approximately 80 million people who use GCash to send and receive money, pay bills, shop online, and more. Our alliance will now add Ronin Gaming to that list. Filipinos will soon be able to exchange fiat currency for cryptocurrency on a platform that many people already use every day.
“This collaboration is a step forward in our mission to transform and further democratize the potential of blockchain technology beyond the buying, selling and maintaining of cryptocurrencies on the GCash app. We believe that cryptocurrency gaming should be friendly, affordable, and fun for everyone. By partnering with Sky Mavis, we will continue to achieve our mission to remove financial and technical barriers to cryptocurrency gaming while prioritizing the safety of our users.”
Martha Sazon – GCash President and CEO
“Axie Infinity is a title loved by players around the world, especially in the Philippines. We’re opening up new possibilities by joining forces with the team, with the goal of blending the fun of Web3 gaming with the financial technology of GCash. This partnership aims to improve user experience and sets the stage for exciting developments. Please watch what we create together!”
Luis Buenaventura – GCash Vice President
We are still exploring the roadmap for this collaboration, but our vision is focused on creating a direct and seamless path for users to engage with Axie and Ronin. Our goal is to increase the accessibility and convenience of the Axie and Ronin ecosystem.
You can currently buy and sell AXS and SLP on GCrypto. For those of you who haven’t used this feature before, here’s how it works:
Level 1: Log in to the GCash app and click GInvest.
Step 2: Click GCrypto.
Step 3: To start trading, top up your cryptocurrency wallet using GCash.
Step 4: Then look no further than AXS and SLP!
We launched Axie in 2018 to expand digital property rights to internet users, starting with gamers. In an environment where regulatory dynamics are constantly evolving, especially in the cryptocurrency space in the Philippines, partnering with GCash is not just a collaboration, but a strategic move. Our vision is to respond adaptively to these changes, continuously providing solutions to our community and actively navigating these dynamics. Partnering with GCash takes this vision further, and together we are just getting started. Let’s keep building!
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