After a recent round of funding, Voyager Innovations, the company behind the Philippines’ most popular digital payments app Paymaya, has announced that it has achieved unicorn status, surpassing a $1 billion valuation.
The fresh $210 million funding raised Voyager Innovation’s valuation to $1.4 billion. The company’s new funds will be used to develop crypto products that the firm recently added to its main digital payments software PayMaya. PayMaya just added crypto services to the app, allowing users to buy, trade, and earn cryptocurrency. The funds will utilize to expand the cryptocurrency offerings. The Philippine Central Bank recently granted PayMaya a Virtual Asset Services Provider (VASP) license.
The Philippines ‘ digital economy has grown in the last two years, thanks to Voyager and its competitor Mynt.
Cryptocurrency usage projected to rise as the country’s internet commerce expands. Currently, there are no restrictions on the trade of digital currencies in the Philippines. On the other hand, the central bank has repeatedly warned investors about the dangers of the embryonic market.
PledgeCrypto is a fundraising platform that allows NGOs to accept crypto donations in over 130 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Tether (USDT), and then convert them to fiat money.
Ariana Grande, a vocal supporter of transgender rights and the founder of her charity, Protect and Defend Trans Adolescents Fund, has teamed up with Pledge to raise funds for LGBTQ groups that advocate for and give direct assistance to transgender youth. She has pledged to match donations up to $1.5 million.
PledgeCrypto, is a free, fully integrated fiat and cryptocurrency giving platform that delivers funds to certified nonprofit organizations. Technical skills, crypto wallet experience, or Know Your Customer documents are not required.
Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.