Aiming to strengthen its goal to deliver secure and trustworthy services to its Filipino user base, crypto commerce platform CryptoBilis acquired Isawwwshop, a domestic provider of crypto security solutions.
What’s the significance: The acquisition enhances CryptoBilis’ ability to provide comprehensive crypto solutions to Filipinos, according to the platform.
Key Details:
- The Start: The acquisition took effect on January 1, 2025.
- The Merge: Isawwwshop’s Facebook page will soon merge with Cryptobilis Philippines’ page as part of the integration, according to its post.
- For Al Yap, the founder of Isawwwshop, joining CryptoBilis provides an excellent opportunity for them to become part of a larger community and support the expansion of the Philippine crypto ecosystem, adding that he is sure that this acquisition will “benefit our customers and help more people learn about the importance of crypto security.”
- Isawwwshop is a Philippine-based online store specializing in cryptocurrency hardware wallets, all while offering a range of other products and personalized services to help individuals and businesses safeguard their digital assets.
- It is active on platforms like Lazada and Shopee.
Key Quote:
“We’re very excited to welcome Isawwwshop to the CryptoBilis team. This acquisition allows us to expand our reach and provide even better service to our customers in the Philippines. We’re dedicated to making crypto easy to use and secure for everyone, and this partnership is a big step in that direction.”
Arravind Prabu, Co-Founder and Chief Executive Officer, CryptoBilis International
What’s Next? CryptoBilis confirmed plans to host upcoming workshops, franchising opportunities, and community events throughout 2025 to further engage and educate Filipino crypto users.
Worth reading: In May last year, CryptoBilis hosted “Bitcoin Pizza Day 2024” in collaboration with Satoshi Labs and Trezor, bringing together 500 cryptocurrency enthusiasts in the Philippines to celebrate Bitcoin’s history, network, and enjoy pizza, marking one of the largest Bitcoin Pizza parties in the world.
This article is published on BitPinas: CryptoBilis Acquires Competitor to Solidify Crypto Hardware Market Foothold in PH
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