NextGen Day

Crypto goes local! Discover how Bitget Wallet is turning Siargao into a Web3 hotspot.

PRESS RELEASE

PayFi x Bitget Wallet Event Pioneers Web3 Payment Adoption in Siargao, Philippines

Victoria, Seychelles – Bitget, the leading cryptocurrency exchange and Web3 company, held the PayFi x Bitget Wallet event in Siargao, Philippines. The event is part of Bitget Wallet’s PayFi initiative, aiming to connect the traditional financial system with blockchain technology. With overwhelming participation from merchants, entrepreneurs, and residents, the event showed Bitget’s ongoing effort to promote financial innovation and drive cryptocurrency integration among local businesses and communities.

In February 2025, Bitget Wallet launched PayFi Vision and introduced the PayFi Flywheel, changing how we use cryptocurrency from being a passive asset to a dynamic financial tool for everyday transactions. The PayFi Flywheel converts crypto wallets from simple storage solutions into powerful engines of financial empowerment. With its earning, sending, and spending ecosystem, users can deposit crypto assets, such as stablecoins, into savings accounts offering flexible, real-time yields.

The PayFi x Bitget Wallet event achieved significant strides in merchant adoption, with five key businesses across hospitality, retail, and food & beverage sectors now accepting cryptocurrency through PayFi features in Bitget Wallet. This integration enables seamless transactions for both locals and international visitors, bypassing traditional barriers such as high transaction fees and limited banking infrastructure. 

Beyond merchant adoption, the event sparked vibrant engagement from local entrepreneurs, freelancers, and digital nomads, many of whom recognize cryptocurrency’s potential to streamline cross-border transactions and mitigate currency exchange challenges. As a hotspot for global tourism, Siargao’s embrace of crypto payments highlights the critical role of education in driving adoption. Bitget Wallet will continue to prioritize its PayFi focus in upcoming initiatives. 

Central to the event was the theme of financial inclusion, addressing the challenges faced by underserved communities with limited access to traditional banking. By offering accessible digital payments, the event demonstrates that crypto-powered financial solutions can drive real-world change.

Bitget Wallet is poised to expand its PayFi initiatives across the Philippines, targeting high-potential destinations such as Palawan, La Union, Dumaguete, and Boracay. Immediate plans include returning to Siargao to onboard additional merchants and deepen community engagement, followed by nationwide scaling to empower businesses and individuals with Web3 tools. 

The success of PayFi x Bitget Wallet in Siargao has set the stage for further expansion, aligning with the rising demand for decentralized solutions and signaling a new era of financial accessibility and technological progress. The PayFi x Bitget journey starts in Siargao, but the vision stretches far beyond, promising a future where crypto payments empower every part of the Philippines.

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 the EASTERN, SEA, and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (national volleyball team), to inspire the global community to embrace the future of cryptocurrency.

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

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

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, and crypto payment solutions. Supporting over 130 blockchains, 20,000+ DApps, and millions of 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. Experience Bitget Wallet Lite to start a Web3 journey.

For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook 

Insights

• The PayFi x Bitget Wallet event in Siargao marked a major milestone in Web3 adoption in Southeast Asia, targeting real-world use cases for crypto payments.
• With five local businesses now accepting crypto via Bitget Wallet, the event proved crypto’s power to simplify transactions for both locals and tourists.
• The PayFi Flywheel transforms crypto wallets into mini-financial ecosystems—allowing users to earn, save, and spend with ease.
• Bitget’s focus on financial inclusion directly addresses the challenge of banking limitations in remote areas.
• The Philippines, known for its remittance-heavy and mobile-first economy, stands to benefit enormously from decentralized finance tools.

Conclusion

The PayFi x Bitget Wallet event in Siargao is more than a product launch—it’s a step toward democratizing finance in a digital-first world. By empowering merchants, freelancers, and communities to harness crypto for real transactions, Bitget is helping to rewire the financial landscape of emerging economies. As adoption spreads to places like Palawan, Dumaguete, and Boracay, the Philippines could emerge as a leader in Web3 payment innovation. Siargao was just the beginning—the PayFi revolution is just getting started.

Key Phrases

1. Web3 payment adoption
2. Crypto for everyday use
3. Bitget PayFi Flywheel
4. Cryptocurrency in the Philippines
5. Merchant crypto adoption
6. Real-world crypto solutions
7. Bitget Wallet Siargao
8. Financial inclusion via blockchain
9. Stablecoin spending tools
10. Web3 for local economies

Best Hashtags

#BitgetWallet
#PayFi
#Web3Adoption
#CryptoInSiargao
#CryptoPaymentsPH
#DecentralizedFinance
#DigitalInclusion
#StablecoinSpending
#Web3Philippines
#CryptoForEveryone

For media inquiries, please contact media.web3@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.

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Disclaimer

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