The fastest-growing digital bank in the Philippines launches crypto services

This digital bank now offers BTC, ETH, SOL, and more through secure app integration with US fintech company Alpaca.

Author: Brian Quarmby

Source: Cointelegraph

Article translation: Chang

Philippine digital bank GoTyme, with 6.5 million customers, has launched crypto services in the Philippines after partnering with US fintech firm Alpaca.

Currently, 11 crypto assets are available for purchase and storage in GoTyme’s banking app. Transactions are completed by automatically converting Philippine pesos to US dollars, including Bitcoin, Ethereum, Solana, Polkadot, and a range of other altcoins.

It is unclear whether the company will offer more complex trading services in the future; however, its focus appears to be on simplicity and ease of use.

GoTyme CEO Nate Clarke stated: “Our product is focused on simplicity and reliability for those who want to confidently buy crypto without complex technical analysis or switching between multiple apps.”

GoTyme launched in October 2022. According to a Nikkei Asia report from September, the bank has built a customer base of over 6.5 million people in the Philippines to date.

The digital bank is a joint venture between Singapore-based unicorn Tyme Group and Philippine conglomerate Gokongwei Group.

According to the GoTyme website, the app is designed to let users open a bank account and debit card within 5 minutes, meaning users can easily access cryptocurrencies.

GoTyme targets Southeast Asia growth

The company plans to expand into Vietnam and Indonesia, aiming to capture market share in the rapidly growing Southeast Asian digital banking sector.

According to a recent article by The Digital Banker, Clarke said the bank is focused on rapid expansion and will not prioritize profitability until after 2027.

Clarke said: “We’re still in a growth phase. We’re not optimizing for profitability right now. What’s important to us is building a growing and highly engaged customer base.”

The Philippines is not lagging behind in crypto adoption, ranking ninth in Chainalysis’s 2025 Global Crypto Adoption Index Top 20. The government is currently weighing a bill to establish a strategic reserve of 10,000 Bitcoins this year.