Bigget Wallet and PayFi held an event in Siargao to boost web3 payment adoption.
Earlier in February, Bitget launched PayFi Vision and PayFi Flywheel, which helped turn cryptocurrencies be used in everyday transactions.
According to Bitget, the Payfi x Bitget Wallet event was adopted by key businesses from hospitality, retail, and food and beverage. Bitget promises seamless transactions for locals and international visitors.
As a hotspot for global tourism, Siargao's embrace of crypto payments highlights the critical role of education in driving adoption. Bitget Wallet will continue to prioritize its PayFi focus in upcoming initiatives.
Central to the event was the theme of financial inclusion, addressing the challenges faced by underserved communities with limited access to traditional banking. By offering accessible digital payments, the event demonstrates that crypto-powered financial solutions can drive real-world change.
Bitget Wallet plans to expand its PayFi initiatives across the Philippines, targeting high-potential destinations such as Palawan, La Union, Dumaguete, and Boracay. Immediate plans include returning to Siargao to onboard additional merchants and deepen community engagement, followed by nationwide scaling to empower businesses and individuals with Web3 tools.
The success of PayFi x Bitget Wallet in Siargao has set the stage for further expansion, aligning with the rising demand for decentralized solutions and signaling a new era of financial accessibility and technological progress. The PayFi x Bitget journey starts in Siargao, but the vision stretches far beyond, promising a future where crypto payments empower every part of the Philippines.