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Maya, a Philippine e-wallet platform that joined the local crypto scene in 2022, has a significant update for its users: the ability to easily send and receive cryptocurrencies. This new feature adds a layer of versatility and decentralization to Maya’s continuously growing crypto services. It also appears to be a highly requested feature based on observation of user comments on social media.
Maya announced the launch of its crypto product April 2022 by collaborating with the global crypto platform, Coinbase Institutional, as its liquidity partner.
At that time, the partnership marked a milestone in the Philippine crypto landscape, as it allowed direct crypto buying and selling options for Filipino users on an e-wallet that virtually everyone has already installed in their mobile phones. Maya has 50 million users as of June 2022, which is nearly half of the Philippines’ population.
Read more: Paymaya vs Coins.ph Crypto Buying Guide and Rate Comparison
The ability to send and receive crypto via the Maya app has been a highly requested feature. Previously, users could only buy and sell on Maya, convert crypto to pesos and vice versa all within the app.
With the new update, users can deposit their crypto into Maya and also withdraw it, a feature similar to that offered by GCash’s Gcrypto, which was available at its launch.
The ability to move crypto in and out allows users to take their crypto anywhere they want, even to their own crypto wallets. This highlights self-custody, an important feature of crypto which means the user controls their money (crypto) free from third-party services.
The process of transferring crypto in and out of Maya is very simple. On the dashboard, the user simply needs to navigate to the crypto page and proceed into sending or receiving crypto, whichever it is that they want to do.
The following cryptocurrencies can be bought, sold, deposited, and transferred in and out of Maya:
This article will be updated as more information becomes available.
This article is published on BitPinas: Maya Now Allows Users to Send And Receive Crypto
Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.
The founder and Editor-in-Chief of BitPinas, Michael leads the editorial direction of the content and oversees all aspects of production and delivery. Michael holds cryptocurrencies – BTC, AXS, RON, and SLP.
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Maya Now Allows Users to Send And Receive Crypto – BitPinas
