Maya Philippines Enables Users with Crypto Send and Receive Capabilities

Maya, the widely-used Filipino e-wallet, has introduced an essential upgrade, enabling users to transact in cryptocurrencies effortlessly. Launched on the local cryptocurrency market in 2022, Maya continues to strengthen its crypto services by promoting ease and decentralization. This latest development in its features seems to be a direct response to considerable user demand, as per social media discussions.

Maya's Cryptocurrency Exploration Begins with Coinbase Partnership

In April 2022, Maya marked its grand entry into the world of cryptocurrencies by teaming up with Coinbase Institutional, a recognized global cryptocurrency platform. The collaboration presented a significant advancement in the Filipino crypto sphere, offering direct buying and selling alternatives for local users through a digital wallet that is virtually on every mobile phone. As of June 2022, Maya boasted an impressive user base of 50 million, nearly accounting for half the country's population.

Emphasizing Self-Custody with the Launch of Cryptocurrency Transfer

The addition of the send and receive functionality to the Maya app fulfills a highly sought-after user need. Until now, the Maya platform only permitted buying and selling, and conversion between cryptocurrency and pesos within the app.

The latest enhancement enables users to deposit their cryptocurrency in Maya and equally withdraw it, an attribute that mirrors the Gcrypto feature offered by GCash, available since its launch.

This development gives users the liberty to transfer their cryptocurrency to their personal wallets or anywhere else, emphasizing the essential notion of self-custody in the world of cryptocurrencies. This means users have complete control over their funds, liberated from reliance on third-party services.

Maya's Simple Guide to Transferring Cryptocurrency

Transacting with cryptocurrency in Maya is as simple as a few clicks. The process is straightforward and begins from the dashboard. Users can select whether they wish to send or receive crypto, with the platform guiding them through the necessary steps:

1. Open the Maya app on your preferred device.

2. Locate the ‘Crypto’ option on the dashboard.

3. Select ‘Send’ or ‘Receive’ as per your transaction requirements.

4. If sending, provide the recipient's address. If receiving, take note of your unique Maya crypto address.

List of Cryptocurrencies Supported by Maya

The following list of cryptocurrencies is supported by Maya for buying, selling, depositing, and transferring: Bitcoin, Ethereum, USD Coin, Polygon (MATIC), Litecoin, Dogecoin, Solana, Cardano, Filecoin, ApeCoin, Polkadot, Avalanche, Chainlink, Quant, Shiba Inu, Cosmos, Uniswap, The Sandbox, Stellar, Axie Infinity, Algorand, Decentraland, Cronos, and Tether.

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