Southeast Asia's Uber, Grab, opens "deposit crypto assets" for users in the Philippines: GrabPay instantly converts to fiat, making Bitcoin ride-hailing a reality.

Ride-sharing service giant Grab has now officially opened the cryptocurrency storage function to Filipino users, users can directly send money to their GrabPay wallet through cryptocurrency, as long as they hold Bitcoin, Ether stablecoins USDC, USDT, millions of users can instantly convert digital assets into Philippine pesos, and use them for payment scenarios such as car hailing, food ordering, shopping or transfer. (Synopsis: DePIN App" NATIX partners with Southeast Asia's largest unicorn Grab: Create a new generation of decentralized global maps) (Background supplement: Southeast Asia Uber" Grab will support 180 million users of encrypted payments? Southeast Asian ride-sharing service giant Grab announced that Grab has now officially opened the cryptocurrency stored value function to Filipino users, users can send money directly to its GrabPay wallet through cryptocurrency, as long as they hold Bitcoin, Ether stablecoins USDC, USDT, millions of users can instantly convert digital assets into Philippine pesos, and use them for payment scenarios such as car hailing, food ordering, shopping or transfer. One-click "coin to peso" According to the official introduction, the operation of stored value cryptocurrencies is quite simple: first, open the Grab App, select the "Cryptocurrency" stored value channel, and select a token and network from the list of supported cryptocurrencies and stablecoins. Then, enter the amount in pesos and check the exchange rate and transaction details. Finally, send the equivalent cryptocurrency from your personal wallet. Once confirmed on-chain, the balance in GrabPay will be updated immediately, almost no different from traditional bank transfers. Grab added that the service is backed by two partners. The first is Triple-A, a payments infrastructure company that controls transaction compliance and security issues with its Singaporean, US and European licenses. The second is PDAX, a local exchange in the Philippines, which has been qualified for compliance in the financial supervision list of the central bank Bangko Sentral ng Pilipinas, ensuring that the flow of funds complies with local regulations. It is worth mentioning that Grab started this service in Singapore as early as 2024, and now it has selected the Philippines, where cryptocurrency demand is strong, as its next stop to expand the next generation of payment scenarios. From speculative assets to everyday payments For many Filipino users who lack traditional banking services, "cryptocurrency deposits" provide a new channel for them to participate in the digital economy with a low barrier to entry. Grab said that bitcoin and ether are therefore no longer just highly volatile speculative targets, but "live money" that can buy bento boxes and ride in cars. Market watchers believe that when cryptocurrencies really land in everyday situations, consumers' worries about cryptocurrency price fluctuations will be reduced; For merchants and platforms, the checkout process is handled by Triple-A and PDAX, exchange rates and compliance issues are greatly simplified, and the overall cost may be lower than the fees of traditional payment methods. Grab's Growth Trajectory Formerly known as MyTeksi, Grab was founded in Malaysia in 2012 by Anthony Tan and Tan Hooi Ling, and after more than a decade, Grab has accumulated a large number of users in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Currently, Grab's services span three main areas: ride-hailing (Mobility), delivery (Deliveries), and financial services (Financial Services)。 While the ride-hailing market remains profitable, the company continues to ramp up its distribution and financial businesses, and optimizes operations with artificial intelligence and machine learning. The launch of the cryptocurrency stored value feature is Grab's latest demonstration of combining payment and technology advantages, and it also adds a key piece to the puzzle for its goal of "Southeast Asia's leading super app". Related reports The first Solana pledged ETF listing in the United States: $33 million in firepower on the first day, but it is difficult to "make more profits"? SOL underperforms ETH 2025 DePIN Report: Opportunities and Challenges in the AI Era Tesla Robotaxi Texas trial operation, self-driving taxis will challenge Waymo, Uber status (Southeast Asia Uber) Grab opens Filipino users "deposit cryptocurrency": GrabPay seconds for fiat currency, bitcoin ride-hailing is not a dream" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".