According to TechFlow, on December 8, Cointelegraph reported that Philippine digital bank GoTyme has launched cryptocurrency services. The bank, which has 6.5 million customers, has integrated cryptocurrency features into its banking app through a partnership with US fintech company Alpaca.
Users can now purchase and store 11 types of crypto assets through the app, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polkadot (DOT), and others. The system supports automatic conversion from Philippine pesos to US dollars for transactions.
GoTyme CEO Nate Clarke stated that the product focuses on simplicity and reliability and is designed for users who want to confidently buy cryptocurrencies without complex technical analysis or managing multiple apps.
According to reports, GoTyme was established in October 2022 through a partnership between Singaporean unicorn Tyme Group and Philippine conglomerate Gokongwei Group. The bank plans to expand into the Vietnam and Indonesia markets and is currently focused on rapid growth rather than profitability, with profitability optimization not expected before 2027.
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