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Maya promotes the use of blockchain

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Maya promotes the use of blockchain

Online payment gateway Maya has asked entrepreneurs and online merchants to consider adopting blockchain, the technology behind cryptocurrency, as it becomes mainstream and accessible in the Philippines.

Maya’s chief marketing officer, Pepe Torres, said there’s a lot of promise around the core technology behind cryptocurrencies like bitcoin that can make transactions more seamless.

“So there’s a lot of promise around the core technology behind cryptocurrency, which is blockchain, [as it] has a lot of promise in terms of international remittances, making it easier to buy goods and services around the world and also in terms of developing more secure and smarter contracts for goods and services,” Torres said during the Franchise Asia Philippines virtual conference 2022.

Citing the Visa Consumer Payment Attitudes Survey, Torres said there is growing interest in paying and being rewarded in cryptocurrency.

“It should also be noted that there is a growing interest in the Philippines and around the world to pay in crypto, so there is increased interest, at 72% here in the Philippines, but also being rewarded in cryptocurrency from 76 %”, he said.

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