Payop Teams Up With Dragonpay to Crack Open the Philippines’ Booming Crypto Market

Payop just bulldozed another barrier to crypto adoption—this time in Southeast Asia’s hottest digital economy.

The payments platform inked a deal with Dragonpay, giving merchants instant access to 20 million+ Filipino users hungry for borderless transactions. No more wrestling with legacy banking rails.

Why it matters: The Philippines’ crypto scene exploded after the central bank greenlit digital asset payments in 2021. Remittances—the lifeblood of 10% of GDP—now flow faster through blockchain corridors than Western Union’s creaking infrastructure.

Dragonpay’s local dominance (think Alipay meets Venmo) lets Payop tap into everything from sari-sari stores to Manilas megamalls. Merchants get paid in stablecoins; users ditch predatory FX spreads. Everybody wins—except maybe the banks still charging 5% for ‘instant’ transfers.

The bottom line: When fintechs partner instead of compete, emerging markets leapfrog straight to Web3 finance. Next stop? Probably Indonesia—if regulators don’t ‘protect’ citizens into obsolescence first.