Company
Date Published
Author
Megha Bhattacharya
Word count
847
Language
English
Hacker News points
None

Summary

GoTyme Bank, a rapidly expanding digital bank in the Philippines formed by the Gokongwei Group and Tyme Group, has partnered with Alpaca to introduce a cryptocurrency investment feature, addressing the growing demand for digital financial solutions in the country. This initiative targets the 76% unbanked and underbanked Filipino population by providing a simple and secure platform to invest in cryptocurrencies like Bitcoin and Ethereum, facilitated by Alpaca's brokerage infrastructure API. Supported by the country's favorable regulatory environment for digital assets, the feature aims to empower Filipinos to diversify savings and hedge against currency fluctuations without needing extensive trading expertise. GoTyme Bank's approach contrasts with traditional crypto apps by offering an accessible user experience designed for everyday investors, leveraging Alpaca's global expertise to ensure confidence in participating in the digital economy.