Under the collaboration, businesses using Maya Business will be able to accept digital asset payments through Lydian’s infrastructure while receiving prompt settlement in Philippine pesos, shielding merchants from cryptocurrency price volatility.
Easier crypto payments
Consumers will be able to use digital assets through familiar payment channels such as QR codes, payment links and online checkout systems, including a “Pay with Crypto” feature.
The initiative aims to address long-standing barriers to merchant adoption of digital assets, including volatility risks, custody requirements and regulatory complexity, Maya said in a statement.
The companies said the setup will support stablecoin-based payments within a structured and compliant framework.
Compliance-focused setup
Maya will provide the regulated infrastructure layer for the partnership, leveraging its merchant network and payment technology platform used by businesses nationwide.
The fintech company will also support wallet screening, Travel Rule compliance and Bangko Sentral ng Pilipinas-aligned reporting requirements.
The partnership comes as crypto ownership in the Philippines remains among the highest in Asia, while stablecoin usage continues to expand across the region.
Backed by Tether and Cantor Fitzgerald, Lydian enables merchants and payment providers to accept stablecoins and other crypto assets with same-day settlement in local currencies. —Ed: Corrie S. Narisma
