Dash is considering entering the crypto payment market in the Philippines.
Dash is surveying the Philippines as a potential market to deploy crypto payment solutions, citing that users there demand low transaction fees and are open to new financial technologies.
The project says it is in the evaluation stage and is prioritizing legal compliance before an official launch. While the Philippines is making it easier for foreign businesses to register, industry experts note that the licensing process for crypto companies can still take several years, as in the case where BlockShoals took two years to finalize an agreement to bring Binance back to this market.
