GCash, the Philippines’ number one finance app and largest cashless ecosystem, opens up new possibilities on blockchain technology by teaming up with Axie Infinity, the number one Web3 title, to improve the on-chain gaming community experience by opening a direct on-ramp and off-ramp portal in the app’s GCrypto feature.
With this partnership in place, the Filipino Web3 gaming community can safely transfer their cryptocurrency from the Axie ecosystem to GCrypto. They can also easily convert these in-game currencies into fiat money or Philippine pesos all within the same app. Users can also use GCrypto as a conversion portal for the other games in Sky Mavis’ Ronin ecosystem, including Pixels.
Moreover, this initiative ensures compliance with the most rigorous industry governance practices and implements new measures to make the user experience even safer and more secure.
“This collaboration is another step ahead in our mission to transform the potential of blockchain technology and to democratize it even more, going beyond the purchase, sale, and maintenance of cryptocurrencies in the GCash app. By working together with Axie Infinity and its Ronin ecosystem, we will continue to achieve our mission to remove the financial and technical barriers of crypto gaming while putting our user’s safety as a top priority,” GCash head of GCrypto Luis Buenaventura said.
Filipinos have dominated Axie's user base, comprising up to 50% of the total users. Similarly, Pixel's Filipino user base has also seen an increase, making the Philippines the largest geography for the game which has over 170,000 daily active users.
Aside from these games, Ronin also has Katana DEX, a decentralized exchange for trading of in-game tokens (like AXS and SLP) directly on the blockchain that is currently used by Axie, Pixels, and other games on the network. Recently, Sky Mavis relaunched Axie Infinity Classic and launched its merch store to introduce more people to Axie Infinity and onboard a new generation to Web3.
“The Philippines is the beating heart of Web3 gaming. GCash has over 80 million installs in PH and we’re ecstatic to bring economic freedom to this massive community. This partnership will make it even easier to onboard everyday people to our movement,” said Jeff Zirlin, Co-Founder and Chief Growth Officer at Sky Mavis.
About Mynt
Mynt is the parent company of GCash, the #1 Finance Super App in the Philippines. It’s the first and only fintech company listed on the Philippine Stock Exchange under the “GCASH” ticker symbol. Through GCash, Mynt advances its vision of 'Finance for All' by making financial services more accessible to Filipinos. Mynt operates a portfolio of companies, including G-Xchange, Inc., the payments company responsible for the digital payments and electronic money activities in the GCash app, and Fuse Financing, Inc., the financing company for GCash that provides fair and digitally-enabled credit products and solutions.
Mynt, through its fintech operations, is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly focusing on safety & security, financial inclusion, diversity, equity, and inclusion, as well as taking urgent action to combat climate change and its impacts.
About GCash
GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.
Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
For more information, please contact:
Bruce Rodriguez, Head of Business Communications
Corporate Communications
