by | Apr 8, 2025 | Business
Bitcoin rebounds above $80,000 after a sharp drop amid U.S. tariff tensions. Explore expert analysis, technical signals like the “death cross,” institutional resilience, and what to watch next for crypto markets.
Bitcoin, the world’s largest cryptocurrency, surged back above the $80,000 level on Tuesday, recovering from a five-month low as traders bought the dip.
However, investor sentiment remains fragile in light of escalating trade tensions driven by U.S. President Donald Trump’s aggressive tariff policies.
Bitcoin Rises Amid Market Rebound
By 09:31 ET (13:31 GMT) today, Bitcoin had gained 2.4% to trade at $80,285. This followed a volatile weekend during which the digital asset plunged to lows near $74,420, shedding over $10,000 in value as fears of a tariff-induced global recession sent shockwaves through financial markets.
At 7:32 AM on April 8, data from CoinMarketCap placed Bitcoin at $80,559.88, up 2.09% over the past day, with a market cap of $1.59 trillion and 24-hour trading volume of $88.59 billion.
While broader markets, including major Wall Street indices and Asian equities, began to stabilize following Monday’s steep losses, the recovery remains tentative. U.S. stock index futures pointed higher in Asian trading, helping support Bitcoin’s rebound.
However, when this article was written that evening, the price of BTC had again fallen by 0.56% and was trading at $78,853.
Trump’s Tariffs and Market Uncertainty
The renewed volatility stems from President Trump’s announcement of sweeping reciprocal tariffs targeting major economies. These measures, exceeding prior market expectations, rattled investors and drove a flight from risk assets—including cryptocurrencies.
Over the weekend, Trump doubled down on his stance, threatening even steeper duties on Chinese imports unless Beijing backs down from its own retaliatory measures.
Further uncertainty looms as the tariffs are set to take effect on Wednesday. Additional threats include potential levies on pharmaceutical and semiconductor imports — sectors critical to global supply chains.
Technical Warning: Bitcoin Confirms ‘Death Cross’
Despite Tuesday’s bounce, technical indicators remain bearish. Bitcoin recently formed a “death cross,” a key signal that occurs when the 50-day moving average falls below the 200-day moving average.
This pattern often precedes short-term weakness, particularly in markets lacking strong bullish catalysts.
Investing.com data confirmed the crossover this week, suggesting that Bitcoin could remain under pressure unless macroeconomic conditions improve or significant bullish triggers emerge.
Adding to concerns, several long-term Bitcoin holders have recently moved their holdings onto exchanges — often a precursor to selling.
Institutional Resilience and a Changing Investor Base
Despite recent price weakness, some analysts point to a more resilient foundation for Bitcoin. According to Bernstein analyst Gautam Chhugani, Bitcoin’s 26% pullback — though steep—is considerably milder than past crypto crashes, which sometimes saw losses of 70% or more.
Chhugani attributes this stability to the growing presence of institutional capital, including ETFs and corporate treasury allocations, which now dominate retail participation.
He views Bitcoin as a “probabilistic gold”—offering higher liquidity and volatility than traditional safe-haven assets like physical gold.
Indeed, year-to-date ETF inflows remain positive at approximately $770 million, suggesting continued confidence among larger players.
Altcoins Follow Bitcoin’s Lead
Broader cryptocurrency markets mirrored Bitcoin’s partial recovery. Ethereum, the second-largest cryptocurrency, climbed over 5% to $1,569, rebounding from a two-year low.
Solana, Cardano, Polygon, and XRP posted gains between 8% and 13%. Meme coins also saw movement, with Dogecoin soaring more than 9% and the politically-themed $TRUMP token rising 4.6%.
CoinSwitch Markets Desk reported Bitcoin briefly touched $74,600 before rebounding to around $80,800, with approximately $377 million worth of Bitcoin liquidated in the process. Altcoins posted more modest gains, with XRP up 1.6%, SOL up 4.9%, TRX up 2.3%, and ADA up 4.6%.
As of April 8, the global cryptocurrency market capitalization stands at $2.55 trillion, up 1.55% over the past 24 hours, while total market volume surged to $200.99 billion — a staggering 89.81% increase, reflecting heightened trading activity and volatility.
Looking Ahead: CPI Data and Market Sentiment
All eyes are now on upcoming U.S. Consumer Price Index (CPI) data, which could heavily influence market direction. A softer-than-expected inflation reading may ease investor concerns and catalyze a broader recovery across risk assets, including crypto.
Alankar Saxena, CTO and Co-founder of crypto investment platform Mudrex, noted that Bitcoin is currently testing resistance at $84,000 with key support at $75,900.
He emphasized the growing conviction among long-term holders, saying that Bitcoin, Ethereum, and Solana have rebounded as much as 15% from recent lows.
“Amid prolonged trade fragmentation and geopolitical strain, Bitcoin’s role as a potential safe-haven asset is being re-evaluated,” Saxena said. “This could add to its upward momentum, especially if traditional markets continue to remain volatile.”
Market Risks Still Loom
Still, risks remain elevated. According to data from Coinglass, around $1.5 billion in bullish crypto positions were liquidated in the last 24 hours — the largest such flush in 2025.
FalconX’s head of APAC derivatives, Sean McNulty, warned that options markets are now signaling sustained selling pressure, with demand for put options rising considerably.
Will Clemente, former co-founder of Reflexivity Research, expressed caution: “While I think we’re closer to the end of this correction than the beginning, market uncertainty remains high, and Bitcoin is not immune when investors must sell assets to meet margin calls or internal risk thresholds.”
Conclusion
Bitcoin’s bounce above $80,000 provides some relief to crypto markets rattled by global trade tensions, but the road ahead remains murky.
As investors digest tariff fallout and await crucial inflation data, Bitcoin’s ability to hold current levels—and possibly reclaim higher resistance—will depend on broader risk sentiment and macroeconomic signals.
Until then, traders should brace for continued volatility and remain attuned to shifting geopolitical developments that could further influence the trajectory of digital assets.
by Ferry Bayu | Apr 7, 2025 | Business
Discover the latest CPEN price predictions as the token prepares for its listing on global crypto exchange. Will CPEN hit $0.15? Explore analysis, tokenomics, market sentiment, and key milestones for the cPen Network’s blockchain-powered social media revolution.
As the blockchain space continues to evolve, the cPen Network is emerging as a fresh contender with a clear mission: to build a sustainable, community-centric blockchain ecosystem that effectively bridges digital assets with real-world applications.
The project is not just focused on mining and token trading, but also envisions becoming a next-generation Web3-based social media platform — think of a decentralized TikTok or Instagram with fairer rules and real ownership.
Now that CPEN has completed several development phases and is on the brink of being listed on exchanges like BitMart and WEEX, many are asking the big question:
What is the real value of the CPEN token at launch, and what does the future hold for its price?
What is cPen Network?
The cPen Network (CPEN) is a blockchain project that enables users to mine tokens directly from their smartphones. Its primary goal is to provide a practical and user-friendly blockchain infrastructure that encourages real adoption and narrows the technology gap.
Its standout feature lies in its community-first tokenomics—no presales, no private investors, and the majority of tokens are distributed to early contributors through mining and engagement.
CPEN Tokenomics: A Transparent, Community-Focused Model
The tokenomics of CPEN reflect the project’s grassroots ideology:
1. Total Supply: 3,379,482,446.18 CPEN
2. Total Mined So Far: 2,027,689,467.71 CPEN
3. Token Allocation:
- 72% – Community Allocation: 60% for pre-mainnet mining and airdrops & 12% for mainnet participation (validators, node operators, content creators)
- 10% – Core Team
- 10% – Treasury (for listings, liquidity, etc.)
- 8% – Ecosystem Development and Partnerships
This model not only encourages decentralized participation but also minimizes the risk of early investor dumps—a common issue in many altcoin launches.
CPEN Token Rebranding: $PEN to $CPEN
In preparation for broader exposure, the cPen Network officially rebranded its token ticker from $PEN to $CPEN. This move is designed to avoid confusion with other similarly named assets. The rebranding is being reflected across apps and social media, though both tickers may temporarily appear interchangeably during the transition.
It’s important to note that this rebranding does not affect token balances or smart contract functionality, which has yet to be officially deployed.
CPEN Listing: Market Sentiment vs. Official Valuation
While the official listing price stated by the cPen app is $0.311, and its target or “asking” price is $1, the reality observed on exchanges like BitMart paints a different picture.
Early Exchange Data:
- @big_random_ shared a BitMart screenshot: 11,385 CPEN ≈ $34 → ~$0.00298/token
- @Harry_paul07 confirmed a similar price: 802.96 CPEN ≈ $2.41 → ~$0.003/token
- Official cPen post mentioned $0.311 listing, but no trades at this level have been observed.
These early indicators suggest the actual launch price is likely around $0.0028 – $0.003, substantially below the team’s stated valuation.
CPEN Price Prediction: Scenarios to Consider
1. Bullish Scenario – $0.005 to $0.15
If CPEN listings gain traction on WEEX and BitMart, and community support is strong, the token could surge, possibly reaching $0.05 to $0.10 in the coming months—especially if Binance or OKX listings follow.
2. Neutral Scenario – $0.002 to $0.008
A stable launch with moderate demand could see CPEN maintain a price range between $0.002 and $0.008, with slow but steady growth as awareness spreads.
3. Bearish Scenario – $0.001 to $0.003
If early miners rush to sell, a temporary dip may bring CPEN down to $0.001, before finding a stable floor. This would represent a natural correction phase ahead of potential long-term growth.
Key Influencing Factors for CPEN Price
Several critical factors will influence CPEN’s price movement in the short and long term:
1. Token Supply vs. Demand: A large circulating supply may suppress price unless demand catches up.
2. Exchange Liquidity: Listings on BitMart and WEEX will determine how smoothly CPEN trades.
3. Community Activity: The more engaged the users, the more valuable the ecosystem becomes.
4. Mainnet Launch: Scheduled for Q1 2026, the transition to the Open Network Blockchain could significantly boost token utility and value.
5. Exchange Listings: A Binance listing would likely act as a major catalyst, potentially pushing the price above $0.05.
Important Dates of CPen
1. March 29, 2025 – Deadline to submit BSC Wallet addresses
2. March 30, 2025 – CPEN token distribution begins
3. Early April 2025 – Expected listings on decentralized exchanges (DEX)
4. Q1 2026 – cPen Network Mainnet launch
With the KYC process completed, and app version updates rolled out (v1.2.20+), the platform is now in its final phase of preparation for full public trading.
Conclusion
The cPen Network is setting the stage for something bold: a blockchain-based social media revolution with fair token distribution and real-world application. Its early price may be modest compared to the team’s aspirations, but community support, strong tokenomics, and planned listings provide fertile ground for future growth.
If you’re considering getting involved with CPEN, now might be the time to stay extra tuned in. Follow their official channels, watch exchange listings, and keep an eye on market sentiment. Whether you’re a miner, investor, or blockchain enthusiast, CPEN could be a name to watch in the coming months.
by Ferry Bayu | Apr 7, 2025 | Banking and Finance
Exciting crypto news: Babylon’s $BABY token is launching on Bitrue, featuring staking rewards and airdrop events! Discover its utilities and token distribution, and learn how to benefit from the Babylon Protocol.
The crypto ecosystem is constantly evolving, bringing new opportunities for users. This week, one of the major stories comes from Bitrue, which is set to launch the Babylon $BABY token and hold a deposit contest.
What are the details, and what benefits will users receive? Read this article to find out!
Get to Know about Babylon $BABY
Before we discuss the launch of the $BABY token on Bitrue, let’s get to know Babylon first. The $BABY token is the native cryptocurrency of Babylon Genesis, which is the inaugural token of the Bitcoin Secured Network (BSN). This network is specifically designed to protect and manage various blockchain systems. The $BABY token has four main utilities: Governance, Network Security, Transaction Utility, and Rewards and Incentives.
Later, Babylon token holders can be involved in forming the direction of the protocol, which means users have a voice in the network.
Babylon token holders also support validator operations and maintain consensus.
Babylon tokens will later be used to pay network transaction fees.
$BABY tokens will later be distributed as staking rewards to $BABY and $BTC token stakers while promoting active participants in the network.
These four utilities demonstrate that networks built from this segment of Bitcoin will also incorporate smart contracts and staking, features that were previously absent in Bitcoin. As a result, users can feel assured that staking on the Babylon network is both safe and trustworthy.
In a post from the official Babylon Foundation account (@bbn_foundation), Babylon will conduct a $BABY token airdrop event as part of the Phase 1 transition. This airdrop program will be available to stakers during Phase 1.
A total of 6% of the Babylon supply, which amounts to 600 million BABY tokens, will be allocated for the Babylon airdrop program. The airdrop will be distributed alongside the launch of the Babylon Genesis blockchain. There are five categories for the Babylon airdrop program, which are as follows:
Stake Participation Airdrop
In this category, 30 million BABY tokens will be allocated for stakers who meet the requirements. There are three types of prize recipients in this category:
- Cap 1 participants with a total of 550 $BABY tokens received. In this first type, a total of 16.5 million BABY tokens were distributed.
- Cap 2 participants with a total of 150 BABY tokens with a total of 2.25 million BABY tokens
- Cap 3 participants with a total of 100 BABY tokens for each participant and a total of 11.2 BABY tokens distributed.
Base Staking Reward Airdrop
There are a total of 335 million $BABY tokens distributed in this category. Every eligible staker will receive a fixed allocation of BABY tokens for each BTC block. For more details, please refer to the following table.
Bonus Staking Reward Airdrop for Phase 2 Transition
The third category consists of 200 million BABY tokens that will be distributed to eligible recipients. Active stakers on March 31, 2025 will receive an airdrop bonus in addition to the second category if they successfully transition to Phase 2.
To receive this bonus, users must continue staking, register to stake on Babylon Genesis within 4 weeks of Network Launch, and continue staking for at least 100 consecutive days after registration.
The fourth category is aimed at NFT Pioneer Pass holders with a BABY token count of 30 million. Each holder will receive 300 BABY tokens per NFT. The block that will be taken as a requirement is Polygon 68305555.
GitHub Developer Recognition Program
A total of 5 million $BABY tokens will be distributed to users in this fifth category. A snapshot was taken at 8 AM UTC on February 23rd. If there are not enough eligible users, the tokens will be returned to the community allocation.
Babylon $BABY Launch on Bitrue: Coming Soon
Babylon will be launched on Bitrue on April 10, 2025. Many programs, such as launchpoo, staking, and power piggy, will provide benefits for Bitrue users.
In order not to miss the events that Bitrue will hold before or during the Babylon listing, you can immediately register as a Bitrue user. Later, you will join the community and become a targeting Bitrue core user who will receive the latest information.
by | Apr 6, 2025 | Business
XRP surges past $2.14 amid SEC regulatory shifts, Ripple lawsuit updates, and growing XRP ETF momentum. Explore price analysis, bullish vs bearish scenarios, and what’s next for investors.
XRP continues to gain ground amid a changing regulatory landscape, a positive market outlook for exchange-traded funds (ETFs), and technical indicators pointing toward a possible breakout.
Following a strong performance in early April, the cryptocurrency has caught the attention of investors once again, driven by speculation over U.S. Securities and Exchange Commission (SEC) decisions, ongoing Ripple litigation, and the potential entry of institutional giant BlackRock into the XRP-spot ETF space.
XRP Extends Gains Amid Broader Market Weakness
On Saturday, April 5, XRP posted a 0.73% gain, closing at $2.1443 after surging 3.21% the previous day.
This marked the third consecutive daily increase for the token, outperforming the broader crypto market, which declined by 0.44%. This brought the total cryptocurrency market capitalization to $2.64 trillion.
However, when this article was written on April 6, 2025, the price of XRP had actually fallen by 2.83% and is currently trading at $2.0913.
Despite near-term bearish signals from the charts, XRP continues to show resilience—driven by regulatory optimism and ETF speculation.
SEC Developments Spark Investor Optimism
A key driver behind XRP’s upward momentum lies in recent statements from SEC Acting Chair Mark Uyeda, who cited Executive Order 14192, focused on deregulation to spur prosperity.
Uyeda urged the Commission’s staff to review guidance related to digital assets, including the 2019 framework on Investment Contract Analysis—a document heavily relied upon in past enforcement actions such as SEC v. Ripple.
This review could lead to modifications or even a rescindment of the framework, a development that journalist and CryptoAmerica host Eleanor Terrett says might signal the SEC’s evolving stance.
Such a shift would likely ease regulatory pressure on XRP and similar assets, potentially paving the way for broader institutional acceptance.
Ripple Lawsuit Update: Settlement Discussions Progress
The Ripple vs. SEC legal battle remains central to XRP’s price trajectory. While Ripple CEO Brad Garlinghouse stated in March that the SEC planned to withdraw its appeal over the Programmatic Sales of XRP ruling, the agency has yet to confirm this move.
In response to this uncertainty, XRP retreated by 28% from its March 19 high of $2.5925.
However, Ripple has initiated a cross-appeal withdrawal and announced a potential settlement that includes:
- A reduced penalty of $50 million (down from $150 million),
- Removal of the injunction on institutional XRP sales in the U.S.
- The finalization of this settlement hinges on whether the SEC formally drops its appeal, leaving investors in suspense.
XRP-Spot ETFs: A Key Catalyst for Future Gains
One of the most significant drivers for XRP’s long-term value lies in the pending approval of XRP-spot ETFs. Currently, 18 applications are under SEC review.
While BlackRock has yet to file, analysts at AP Abacus suggest the firm is preparing to enter the space—potentially mirroring its successful Bitcoin ETF launch in January.
BlackRock’s entry could be transformative. The firm’s iShares Bitcoin Trust (IBIT) has already garnered $39.9 billion in net inflows, underscoring its influence in attracting institutional capital.
Should BlackRock file for an XRP ETF, institutional demand could surge, accelerating XRP’s path toward mainstream adoption.
XRP Technical Outlook: Bullish Indicators Take Shape
From a technical standpoint, XRP is approaching a breakout. According to analyst Triparna Baishnab (via TradingView), XRP’s current price action shows bullish momentum:
- XRP trades at $2.1375, nearing key resistance at $2.14–2.15.
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The MACD indicator has formed a golden cross, while the RSI stands at 60.36, reflecting growing but sustainable bullish pressure.
Should XRP break through the $2.15 resistance, it could climb toward the $2.17–2.18 range. However, failure to break out may lead to a temporary pullback toward the $2.10–2.11 support zone. Volume confirmation during a breakout will be critical to validating the next leg up.
XRP Price Scenarios: What Could Happen Next?
1. Bullish Case
- SEC formally withdraws its appeal in the Ripple case.
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A final settlement is reached, lifting legal uncertainty.
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Approval of XRP-spot ETFs triggers institutional buying.
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XRP could test $2.5925, the March high, followed by $3.3999 (January high), and potentially reach its record high of $3.5505. With ETF momentum, XRP may even aim for $5.00.
2. Bearish Case
- Delays or lack of SEC action on appeals and ETF approvals.
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Renewed legal wrangling or cross-appeals dampen sentiment.
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A rejection from resistance and declining macro sentiment (e.g., Fed hawkishness or worsening trade tensions) could drag XRP below $2.00, with $1.9299 and $1.50 as potential support levels.
Macroeconomic and Market Conditions
XRP’s price action is also influenced by global macroeconomic factors. As tariff tensions between the U.S. and China escalate, markets have become increasingly volatile.
While equity markets tumbled, Bitcoin (BTC) and other cryptocurrencies have shown relative resilience, bolstering investor confidence in digital assets as alternative stores of value.
BTC, for instance, held near $83,828 after a week of volatility, while XRP outpaced BTC in recent gains. However, both assets are susceptible to changes in US inflation data, Federal Reserve policy, and crypto-related legislation.
Conclusion: XRP Poised at a Pivotal Moment
XRP’s current performance reflects a confluence of legal developments, technical indicators, and institutional momentum. With regulatory guidance under review, settlement talks advancing, and the prospect of ETFs on the horizon, XRP stands at a decisive crossroad.
- Investors should monitor:
- Any official SEC withdrawal of its appeal.
- Progress on Ripple’s settlement terms.
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Announcements regarding XRP ETF applications, especially by BlackRock.
-
Broader economic indicators and legislative developments in the U.S.
If these catalysts align, XRP could embark on a significant rally. For now, cautious optimism prevails as the crypto market waits for clarity.
by Penny Angeles-Tan | Apr 5, 2025 | Advocacy
The time, effort, and dedication required to train for a race or marathon make crossing the finish line incredibly rewarding for many runners. Similarly, creating a greener, more sustainable future demands a collective commitment of the same magnitude.
The first-ever GCash Eco Run transformed the streets of Ayala Avenue in Makati into a platform for this eco-movement. Over 12,000 eco-runners laced up their shoes—not just to achieve personal records but to make a lasting impact on the environment. Thanks to the support of event sponsors and sustainability partners, this milestone initiative has already resulted in the planting of 76,000 trees across 11 hectares in the Negros region, showcasing the powerful effects of our collective actions.
A race that goes beyond the finish line
In support of the South Negros Reforestation Initiative, which is a long-standing partnership between Silliman University and GCash, each sign-up for the GCash Eco Run contributed to the planting of a grey stilted mangrove tree in Negros Occidental. GCash doubled its commitment by pledging an additional tree for every participant. As a result, the runners contributed to the planting of a total of 24,000 new trees.
Grey stilted mangroves play a vital role in environmental conservation. They help mitigate the impacts of extreme weather, sequester carbon, and provide habitats for marine life. Consequently, mangrove forests are among the most effective natural ecosystems for carbon storage today, making them a crucial asset in the fight against climate change.
In line with its commitment to using technology for good, the GCash Eco Run served as a platform to raise awareness about sustainable living. The event brought together partner organizations and eco-conscious brands to share their initiatives and inspire collective action.
Various organizations championing different sustainability causes participated in the event. For example, Berdeng Kalaw collects paper and metal for recycling, while Caritas Manila converts clothing donations into funds for scholarships. Zolo specializes in reselling and recycling e-waste, and Aling Tindera focuses on gathering plastic waste for recycling.
Attendees had the opportunity to explore products from partner eco-merchants including Cut the Craft, Bukid ni Bogs, Wonderhome Naturals, Eco Shift, and Commune. They also received GCash VISA cards made from 100% recycled plastic.
GCash facilitates positive change by connecting partners with Silliman University, turning commitments into tangible action. With the support of eight collaborating companies for a greener future, a total of 52,000 trees will be planted in Negros, in addition to the 24,000 trees planted by the eco runners.
Nuvali Run Club members joined the 10KM race of the GCash Eco Run
Runners gather at the starting line of the first-ever GCash Eco Run, taking strides for sustainability and mangrove restoration–planting over 76,000 trees in the Negros region.
Continue taking steps for the environment with GForest
GCash is committed to making sustainable living easier and more accessible for every Filipino. Through its GForest initiative, users earn green energy points with every transaction on the GCash app, whether it’s cashing in, sending money, paying bills, buying load, or even taking 20,000 steps a day. These points can be redeemed to plant virtual trees and contribute to a greener future.
In collaboration with various partner organizations, GCash transforms these virtual trees into real ones planted in key areas across the country. This demonstrates how GForest serves as a platform for technology that promotes positive change.
“Much like how GForest turns virtual trees into actual ones, the GCash Eco Run brings together our community of Green Heroes, driven by a shared purpose to create real-world impact—one step, one tree, and one action at a time,” said CJ Alegre, GCash Head of Sustainability.
The largest digital eco-movement is growing even bigger. Every step we take, every action we make, and every tree we plant brings us closer to a greener future. Become a green hero today by signing up on the GForest feature in your GCash app dashboard.
The GCash Eco Run is proudly supported by corporate partners who have also committed to planting trees, including IKEA Philippines, Globe At Home, Pay & Go, and eTap Solutions. This initiative enhances Silliman University’s efforts in mangrove reforestation.
About GCash
GCash is the leading finance super app in the Philippines. Through the GCash app, users can easily perform various financial transactions, such as purchasing prepaid airtime, paying bills through a network of partner billers nationwide, and sending or receiving money anywhere in the Philippines, even to other bank accounts. Users can also shop from over 6 million partner merchants and social sellers. Additionally, GCash provides access to savings, credit, loans, insurance, and investment opportunities, all from the convenience of their smartphones.
The mobile wallet operations of GCash are managed by G-Xchange, Inc. (GXI), which is a wholly-owned subsidiary of Mynt— the first and only “duacorn” in the Philippines.
GCash is a strong advocate for the United Nations Sustainable Development Goals (SDGs), especially focusing on SDGs 5, 8, 10, and 13. These goals promote safety and security, financial inclusion, diversity, equity, and inclusion, as well as urgent action to combat climate change and its effects.
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