Philippines-based digital bank GoTyme, which serves 6.5 million customers, has launched crypto services after partnering with US fintech firm Alpaca.
The bank’s app now allows users to buy and store 11 cryptocurrencies through automatic conversion from Philippine pesos to US dollars. Supported assets include Bitcoin, Ether, Solana, Polkadot, and several other altcoins.
While it’s unclear whether GoTyme will introduce more advanced trading features later on, the current approach emphasizes accessibility and ease of use.
“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.
GoTyme, launched in October 2022, has rapidly scaled its presence in the Philippines, with over 6.5 million customers as reported by Nikkei Asia in September.
The digital bank is a joint venture between Singapore’s unicorn Tyme Group and the Philippines’ Gokongwei Group. According to its website, the GoTyme app allows users to open a bank account and receive a debit card in under five minutes—positioning it well to offer seamless access to crypto services.
GoTyme targets regional expansion
The company plans to extend its footprint into Vietnam and Indonesia, aiming to capture a share of Southeast Asia’s fast-growing digital banking market. In a recent interview with The Digital Banker, Clarke emphasized that GoTyme is prioritizing rapid scale over short-term profits, noting:
“We are very much still in a growth phase. We are not optimising for profitability at the moment. What matters to us is building a growing and engaged customer base.”
The Philippines remains a major crypto-active nation, ranking ninth in Chainalysis’ 2025 Global Crypto Adoption Index. The country is also considering legislation to establish a strategic reserve of 10,000 BTC this year.
