Gcash, Digital Wallet Application in the Philippines Collaboration with Axie Infinity and Ronin

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Bittime - GCash, the leading digital wallet application in the Philippines, announced a strategic collaboration with Axie Infinity and Ronin, two leading crypto gaming platforms. This collaboration aims to increase ease of access to blockchain-based games, or web3 games, in the Philippines, specifically to overcome the challenges posed by the latest crypto regulations.

A Practical Alternative

Through collaboration with Sky Mavis' Axie Infinity and the Ronin sidechain network, GCash aims to provide a practical and regulated alternative for Filipino web3 gamers. 

Axie Infinity is one of the pioneering and most successful web3 games. The game runs on Ronin, a sidechain built specifically for blockchain games, enabling fast transactions with low fees.

Also Read Cryptocurrency Regulations in India

The Philippines has one of the most active web3 gaming communities globally. However, recent issues with the Binance crypto exchange platform pose challenges for users. This makes GCash an ideal alternative, as it is used by more than 80% of internet users in the Philippines for financial services.

Statement from GCash President & CEO

Martha Sazon, stated that this collaboration is in line with their mission to make blockchain technology more accessible and useful for everyday use. By simplifying the process of disbursing funds, GCash and its partners hope to remove the financial barriers often associated with crypto adoption.

Also read: Web3 is starting to look at conventional games

More than just basic crypto buying and selling, this partnership aims to create a seamless experience for users to engage with web3 platforms like Axie Infinity. Assistant Vice President Luis Buenaventura said that combining web3 gaming with GCash financial technology will result in exciting innovations that prioritize user experience and enjoyment.

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There Are No Detailed Timelines Yet

While full details about the functionality and launch timeline have not been revealed, their shared vision is clear. Enabling users to integrate gameplay directly with financial services provides convenience, increases accessibility, and overcomes recent regulatory barriers.

Positive Regulatory Response in the Philippines

This collaboration reflects a proactive response to support the fast-growing blockchain gaming industry amidst the expanding crypto regulatory environment in the Philippines. By leveraging GCash's large user base and combining financial services with web3 gaming, this strategic alliance aims to exploit the full potential of the technology. 

Seamless integration allows gamers to securely cash out their earnings or convert fiat money to crypto to fund their gameplay.

Closing Thought

Combining this innovation with a strong existing financial infrastructure is key to widespread adoption. 

As the next evolution of digital finance, the collaboration between GCash, Sky Mavis' Axie Infinity, and the Ronin sidechain marks an exciting new era for the Philippines' bustling community of web3 gamers.

How to Buy Crypto from Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.