GoTyme Partners with Alpaca to Launch Crypto Services in the Philippines

GoTyme’s partnership with U.S.-based Alpaca enables cryptocurrency transactions for 6.5 million Philippine customers, with planned regional expansion into Vietnam and Indonesia.

BTC
ETH
SOL

Summary

GoTyme Bank, serving 6.5 million customers in the Philippines, has launched cryptocurrency services through a partnership with U.S. fintech Alpaca. Users can now buy and store 11 digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Polkadot (DOT), via the GoTyme app with automatic Philippine peso-to-U.S. dollar conversion. The move expands GoTyme’s offerings and aligns with its strategy to enter the Vietnamese and Indonesian markets.

Terms & Concepts
  • Cryptocurrency: A digital or virtual currency secured by cryptography, operating on decentralized blockchain networks.
  • Bitcoin (BTC): The first and most widely recognized cryptocurrency, operating on a decentralized blockchain network.
  • Ethereum (ETH): A blockchain platform enabling smart contracts and decentralized applications, with its native cryptocurrency Ether.