Digital financial services platform Maya has resumed allowing users to deposit cryptocurrencies directly from external wallets and third-party exchanges.
This feature, previously unavailable, enhances the platform's usability by enabling verified users to transfer supported tokens from both local and international services, such as Coins.ph, Philippine Digital Asset Exchange (PDAX), and Coinbase.
User Experience Enhanced
To initiate a deposit, users simply navigate to the cryptocurrency section in the app, select the desired token, and choose the appropriate blockchain network. The platform will then generate a public address along with a QR code for easy scanning.
Users can track their transfer progress and view final confirmations within the transaction history section of the application.
Regulatory Compliance and Historical Context
Maya operates as a virtual asset service provider under the regulations of the Bangko Sentral ng Pilipinas. The platform first introduced digital asset transactions in 2022 but faced challenges with inbound blockchain transfers due to adjustments in compliance and custody systems.
Maya's restored deposit feature marks a significant improvement for users looking to engage with cryptocurrencies directly from external sources.
Maya spokesperson
- Users can deposit from multiple wallets.
- Supported tokens include various cryptocurrencies.
This restoration reflects a broader trend in the Philippines, where interest in digital currencies continues to grow, prompting platforms like Maya to enhance user accessibility and experience.