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Philippines digital bank GoTyme, which has 6.5 million customers, has rolled out crypto services in the Philippines following a partnership with US fintech firm Alpaca.
A total of 11 crypto assets can now be bought and stored in GoTyme’s banking app via an auto conversion from the Philippine peso to USD, including Bitcoin (<a href="/bitcoin-price" rel="noopener noreferrer">BTC</a>), Ether (<a href="/ethereum-price" rel="noopener noreferrer">ETH</a>), Solana (<a href="/solana-price-index" rel="noopener noreferrer">SOL</a>), Polkadot (<a href="/polkadot-price-index" rel="noopener noreferrer">DOT</a>) and a host of other altcoins.
It is unclear if the firm will offer more sophisticated trading services in the future; however, the focus appears to be on simplicity and ease of access.&nbsp;&nbsp;
“Our product focuses on simplicity and reliability, designed for people who want to buy crypto confidently without complicated technical analysis or managing multiple apps,” said GoTyme CEO Nate Clarke.&nbsp;
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 Process of buying crypto in the app. Source: <a href="https://www.gotyme.com.ph/crypto" rel="noopener noreferrer nofollow" target="https://www.gotyme.com.ph/crypto">GoTyme</a>
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GoTyme was launched in October 2022, with Nikkei Asia <a href="https://asia.nikkei.com/business/finance/digital-banking-startup-tyme-plans-expansion-into-indonesia-vietnam" rel="noopener noreferrer nofollow" target="_blank">reporting</a> in September that the bank has built up a client base of over 6.5 million people in the Philippines to date.
The digital bank was formed via a partnership between Singapore-based unicorn Tyme Group and Filipino conglomerate Gokongwei Group.&nbsp;
According to GoTyme’s website, the app is designed to enable users to set up a bank account and debit card within five minutes, suggesting users could have easy access to crypto.
<h2 id="gotyme-eyes-growth-in-southeast-asia">GoTyme eyes growth in Southeast Asia</h2>
With plans to expand into Vietnam and Indonesia, the firm is looking to capture market share in the rapidly growing digital banking sector in Southeast Asia.&nbsp;
Related: <a href="https://cointelegraph.com/news/french-bank-bpce-launches-in-app-crypto-trading" rel="noopener noreferrer nofollow">French banking giant BPCE to launch in-app crypto trading: Report</a>
In a recent article from the Digital Banker, Clarke <a href="https://thedigitalbanker.com/gotyme-records-8-million-users-this-year/" rel="noopener noreferrer nofollow" target="_blank">stated</a> that the bank is focused on scaling rapidly and won’t be eyeing profitability until 2027.&nbsp;&nbsp;
“We are very much still in a growth phase. We are not optimizing for profitability at the moment. What matters to us is building a growing and engaged customer base,” Clarke said.&nbsp;
The Philippines is no lightweight in terms of crypto adoption, <a href="https://www.chainalysis.com/blog/2025-global-crypto-adoption-index/" rel="noopener noreferrer nofollow" target="_blank">ranking</a> ninth on Chainalysis’ 2025 Global Crypto Adoption Index Top 20, with the government weighing up a bill to <a href="https://cointelegraph.com/news/philippine-bill-strategic-bitcoin-reserve-10000-btc" rel="noopener noreferrer nofollow">create a strategic reserve</a> with 10,000 BTC.&nbsp;
Magazine: <a href="https://cointelegraph.com/magazine/justin-suns-sui-farming-sins-pepes-wild-run-3acs-oyster-philosophy-asia-express/" rel="noopener noreferrer nofollow">Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express</a>

Philippines’ fastest-growing digital bank rolls out crypto services

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Other articles published on Dec 8, 2025

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