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Grab Philippines Embraces Bitcoin: A New Era for Crypto Payments

by Crypto Hobby

Updated July 29, 2025

Grab Philippines and Bitcoin in front of a city

Grab, the popular super-app, has officially begun accepting Bitcoin (BTC) as a payment method in the Philippines.

This significant development marks a major milestone for the cryptocurrency community, signaling a growing acceptance of crypto-based payments on major service platforms.

The move is expected to further integrate digital currencies into everyday transactions.

Key Takeaways

Grab users in the Philippines can now utilize Bitcoin for payments.
Grab boasts a market value exceeding $22 billion and over 41 million users.
The acceptance of Bitcoin by Grab has coincided with a slight rise in its stock value.
Bitcoin's price has shown resilience, recovering from a recent correction.

Impact on Grab's Stock

Following the announcement, Grab Holdings Limited experienced a modest increase in its stock value.

The stock saw a 0.37% rise at the market close on July 25, with a further 1.12% increase in pre-market trading on July 28.

Analysts suggest that investors may perceive the integration of Bitcoin as a positive, bullish development, potentially leading to further stock appreciation in the near future.

Bitcoin's Market Performance

Bitcoin (BTC) has demonstrated a degree of recovery after a recent correction that briefly pushed its price below $115,000.

The cryptocurrency has since reclaimed the $118,000 level and is currently facing resistance around $119,000. While BTC has seen minor dips in weekly and 14-day charts, it has experienced notable gains in daily, monthly, and year-to-date charts, showing a 76.2% increase since July 2024.

This rebound occurred after a large transfer of Bitcoin from a Satoshi-era wallet caused market volatility.

Investors are now looking towards the upcoming Federal Open Market Committee (FOMC) meeting on July 29, which could influence the performance of risky assets like cryptocurrencies.