NextGen Day

Financial inclusion meets innovation. Learn how Siargao’s new digital payment system is helping businesses thrive with cryptocurrency and decentralized finance (DeFi).

PRESS RELEASE

Buhayin, Bitget Wallet Partner to Drive Financial Inclusion in Siargao 

Manila, Philippines – Buhayin, an advocacy agency for emerging island hubs, has partnered with Bitget Wallet and Bitget to drive financial and digital inclusion in Siargao. The partnership will officially kick off during Buhayin’s week-long island fiesta, Kapit-Isla Siargao, from March 12 to 16, 2025. The collaboration aims to introduce local businesses and residents to blockchain-based financial tools while also providing digital literacy programs on decentralized finance (DeFi) and its benefits. 

“Financial and digital inclusion is key to empowering island destinations like Siargao. By providing access to digital tools and education, we foster economic growth, resilience, and sustainability,” said Justin Wee, Founder of Buhayin.

At the heart of this partnership is the launch of PayFi, Bitget Wallet’s new payment system that bridges traditional finance with blockchain technology. PayFi allows local businesses to accept stablecoins and digital assets for instant transactions, granting more payment options for tourists, digital nomads, and crypto users at these local establishments. Through this partnership, Buhayin and Bitget Wallet are paving the way to make Siargao a model for a digitally empowered, sustainable island economy.

Kapit-Isla Week (March 12-16) is Buhayin’s flagship event—an adaptive island fiesta blending culture, sustainability, and community. Key highlights during the week include Run for the Islands, a run to champion environmental conservation in partnership with Rockwell Run Club and KidsforKids; Kamustahan sa Siargao, a community forum uniting island leaders, hosted by Lamari Resort; Salt and Sun Market, a marketplace spotlighting local businesses and artisans, hosted by Bar Ciao and powered by Mindanao Goes Solar; and Siesta sa Siargao, a barangay fiesta-inspired party to encourage foreigners to support local establishments, hosted by Tiki Hut and Saint Thomas.

A Strategic Partnership with Bitget Wallet

Buhayin envisions bringing Kapit-Isla to more island destinations across the Philippines, with Dumaguete set as the next stop this July. This expansion underscores one of its core priorities: fostering digital empowerment and bridging technological gaps in underserved areas. Bitget Wallet supports this vision by democratizing financial access for underserved communities through its digital payment solutions, providing an added choice for consumers who want to explore cryptocurrency as part of their financial habits.

“Blockchain technology can bridge economic gaps, and this partnership brings that vision closer to reality,” said Alvin Kan, COO of Bitget Wallet. “With Bitget Wallet, we enable safe and effective digital financial adoption for long-term benefits.”

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About Bitget Wallet

Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace, and crypto payment. Supporting over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300 million protection fund to ensure the safety of users’ assets.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord⁣

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

Insights

1. Siargao’s economy is evolving with blockchain technology, giving local businesses access to digital financial solutions.
2. Buhayin and Bitget Wallet’s partnership introduces PayFi, allowing local establishments to accept stablecoins and crypto payments.
3. The initiative promotes financial inclusion, ensuring that businesses in emerging island hubs have access to modern payment solutions.
4. Blockchain-based transactions provide secure, instant, and borderless payments—ideal for a tourist-driven economy like Siargao.
5. With growing global crypto adoption, integrating digital payments into local businesses future-proofs Siargao’s economy.
6. Digital literacy programs will educate Siargao residents on the benefits of blockchain, DeFi, and financial empowerment.
7. Kapit-Isla Siargao serves as a cultural and economic festival, blending sustainability, community, and financial innovation.
8. The success of this initiative could set a precedent for other island destinations in the Philippines to embrace digital finance.
9. Bitget Wallet’s commitment to democratizing financial access aligns with Buhayin’s vision of empowering island communities.
10. Blockchain technology is not just for major cities—its real impact is in enabling economic growth in underserved communities.

Conclusion

The partnership between Buhayin and Bitget Wallet marks a major step in Siargao’s journey toward digital and financial inclusion. By introducing blockchain-based payments and financial education, this initiative empowers local businesses, enhances economic resilience, and paves the way for a digitally inclusive island economy.

As more tourists and digital nomads embrace crypto, Siargao is positioning itself as a leader in decentralized finance (DeFi) adoption among island communities. This initiative serves as a model for other emerging island hubs in the Philippines, proving that blockchain can bridge economic gaps and create sustainable opportunities.

With Kapit-Isla Siargao as the launchpad, this movement is just beginning—Buhayin and Bitget Wallet are set to bring financial empowerment to more island destinations, starting with Dumaguete in July.

Key Phrases

1. Blockchain-powered financial inclusion
2. Siargao digital payments
3. Decentralized finance (DeFi) for local businesses
4. Cryptocurrency adoption in island communities
5. Stablecoin payments for tourism hubs
6. Siargao blockchain innovation
7. Financial empowerment through digital literacy
8. Kapit-Isla Siargao festival
9. Web3 solutions for emerging markets
10. Sustainable island economy through digital finance

Best Hashtags

1. #SiargaoBlockchain
2. #CryptoForCommunities
3. #DigitalInclusionPH
4. #KapitIslaSiargao
5. #SiargaoCryptoRevolution
6. #Web3ForAll
7. #BlockchainEmpowers
8. #FinancialFreedomPH
9. #SustainableFinance
10. #IslandInnovation

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Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

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