Latest news with #P2E
Coin Geek
19-05-2025
- Business
- Coin Geek
Philippines' crypto wealth grows beyond P2E origins: report
Getting your Trinity Audio player ready... The Philippines is fast emerging as a crypto wealth hub, with Filipino crypto owners now ranking among the top globally in terms of average holdings. According to the Crypto Friendly Cities Index 2025 by global financial migration platform Multipolitan, the country ranks 20th in crypto wealth concentration, with Filipino crypto holders owning $14,194.46 (PHP790,000). This marks a shift from the early days when crypto interest in the Philippines was largely driven by play-to-earn (P2E) gaming. The report noted, 'Axie Infinity in the Philippines became a lifeline for thousands of gamers looking to earn income through play-to-earn mechanics.' At the height of its popularity, Filipinos made up 40% of Axie Infinity's global user base. While the value of Axie's tokens has dropped from its peak during the pandemic, crypto ownership in the country continues to expand. Multipolitan highlighted that the Philippines is no longer defined solely by speculative activity or gaming but is part of a larger transformation in global finance. Southeast Asia's crypto powerhouse: Where the Philippines stands Within Southeast Asia, the Philippines trails Singapore (ranked 5th globally), where each crypto holder owns an average of $85,536.63. Malaysia is placed 18th with $20,895.49 per holder, followed by Vietnam at 19th, with each owner holding $16,681.28 in crypto assets. Globally, Slovenia leads with an average of $240,460.17 per crypto owner, followed by Cyprus ($174,972.89), Hong Kong ($97,531.40), and South Korea ($94,827.77). These high averages indicate concentrated crypto wealth, typically associated with jurisdictions that provide regulatory clarity and strong digital infrastructure. 'Crypto wealth no longer belongs exclusively to traditional finance capitals like New York, London, or Singapore. It's borderless, fluid, and finding new homes wherever innovation and clarity converge,' the Crypto Friendly Cities Index 2025 stated. Source: Multipolitan Regulatory environment shapes crypto-friendly cities The report emphasized that cities and countries offering clear, consistent, and crypto-supportive regulations are increasingly drawing both talent and capital. 'Regulatory clarity isn't just beneficial—it's essential,' it noted, citing cases such as Binance relocating operations and Coinbase (NASDAQ: COIN) threatening to leave the U.S. due to hostile regulations. In the Philippines, regulators are gradually catching up. In 2024, the Securities and Exchange Commission (SEC) drafted rules for Crypto Asset Services Providers (CASPs), aiming to protect consumers and create a more stable legal framework for digital assets. This comes as fraudulent activity and unclear rules continue to pose risks. Cities compete for crypto capital Multipolitan's analysis clearly shows where the future of finance is headed and which cities are positioning themselves to lead. Cities like Dubai, Singapore, and Zug are drawing global crypto entrepreneurs, institutional investors, and digital nomads, thanks to clear regulations, tax advantages, and high quality of life. 'These cities aren't just friendly to crypto—they're building entire financial ecosystems around it,' the report said. 'The next epicenter of global finance won't just embrace crypto—it will thrive on it.' Among the key drivers identified are regulatory arbitrage, digital infrastructure, and crypto culture. In the Crypto Friendly Cities Index 2025, cities such as Zurich, Lisbon, Abu Dhabi, and Singapore ranked highly across all five measured metrics: regulation, tax regime, wealth & lifestyle, digital infrastructure, and crypto infrastructure. The report emphasized that 'first movers aren't just leading—they're dominating.' Crypto wealth concentration: Who holds the keys? Beyond adoption, Multipolitan also introduced a Crypto Wealth Concentration Index, which adjusts ownership data using a Gini coefficient to assess the inequality of crypto holdings. This sheds light on how deeply integrated crypto is among populations and whether it's concentrated among a few elites or broadly distributed. The United Arab Emirates stood out as the global adoption leader, with over 25% of its population holding crypto, thanks to 'proactive government policies and clear regulations.' Meanwhile, the United States continues to lead in trading volume, recording $2.07 trillion, largely due to institutional involvement. By contrast, countries like Slovenia and Cyprus, despite smaller populations, showed higher average holdings per user, suggesting high wealth concentration among a relatively small but active group. 'The question now isn't who's adopting crypto—it's who will hold the keys to crypto's immense wealth in the future,' the report concluded. The future financial capital Multipolitan sees the race toward becoming a global crypto hub as more than a trend—it's a foundational shift in financial geography. 'The global financial landscape is shifting,' the report declared. 'Cities that move quickly to embrace crypto aren't merely positioning themselves for relevance—they're securing their place as the financial centers of tomorrow.' This shift is especially relevant for countries like the Philippines, where crypto adoption has gone from grassroots use in gaming communities to broader financial integration. Watch: The Philippines is moving toward blockchain-enabled tech title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Time of India
16-05-2025
- Business
- Time of India
80K KGBV students to be trained in financial literacy
Lucknow: The state govt has decided to train 80,000 girl students of 746 Kasturba Gandhi Balika Vidyalayas (KGBVs) from across the state in financial literacy and digital skills. The training will be available for free on the online 'Passport to Earning (P2E)' platform in collaboration with UNICEF and students will be issued certificates after the completion of the training. "Aligned with the vision of National Education Policy-2020, the initiative will make girl students self-reliant as they will become proficient in essential 21st-century skills such as digital literacy and financial decision-making. The ambitious programme will be implemented in phases. By May 20, each school will select a nodal teacher and the online orientation for these teachers will be held between May 24 and May 25," a govt official, adding that by June 25, nodal teachers will complete their training on the platform and by July 25, the girl students will get their login credentials. Then they will complete the financial literacy course and receive certificates by Sep10, with a consolidated report ready by Sep 15. The digital literacy training will be completed by Oct 30 and its report will be prepared by Nov 10. UNICEF and Samagra Shiksha will provide technical support at every stage, while district coordinators and wardens will regularly monitor the programme. "The training programme is accessible on the online platform featuring videos, exercises and assessments. The financial literacy course consists of 12 chapters and the digital skills course has eight chapters. Each course lasts 10 hours," he said, adding that district coordinators (girl education) and district basic education officers will monitor the progress. Schools with the best performance will be honoured at the district level. "Under the leadership of CM Yogi Adityanath, our govt is making girls digitally and financially capable," said state basic education minister Sandeep Singh.
Hindustan Times
16-05-2025
- Business
- Hindustan Times
80K girls from 746 KGBV schools in U.P. to be trained in financial literacy & digital skills
Nearly 80,000 girl students of 746 Kasturba Gandhi Balika Vidyalayas (KGBV) of the state will now be given training in financial literacy and digital skills. This training will be made available free of cost on the online 'Passport to Earning (P2E)' platform in collaboration with UNICEF, where the girl students will be able to earn certificates, a government spokesperson said. In line with the spirit of the New Education Policy-2020, this initiative will not only connect girls with practical education but will also make them self-reliant. The girl students will now be proficient in essential skills of the 21st century such as digital literacy and financial decision making. Then digital literacy training will be completed by October 30 and its consolidated report will be prepared and reviewed by November 10, 2025. Technical assistance will be received from UNICEF and Samagra Shiksha at every stage and the district coordinator and warden will regularly monitor the programme. Available on the online platform with 'video, practice and evaluation This training programme is available online on the platform with videos, practice and evaluation. There are 12 chapters in financial literacy and 8 chapters in digital efficiency. Each course is about 10 hours long. Accountability fixed, honor will be given for excellent performance The responsibility of this programme will be to the warden of the school and the concerned nodal teacher and teacher. The District Coordinator (Girl Education) and the District Basic Education Officer will monitor it regularly. The best performing schools will be honored at the district level. Basic education minister Sandeep Singh said, 'Our government is not only providing education to daughters, but also making them self-reliant by making them digitally and financially capable. Initiatives like 'Passport to Earning' will develop 21st century skills in daughters and they will become confident and empowered women citizens of the future.' Training will make girls proficient in these areas: Financial decision making, understanding of savings and investment Debt management and identification of financial irregularities Use of digital tools like Excel and PowerPoint Process of certificate earning on online platform The programme will be implemented in a phased manner in 746 KGBVs
Time of India
01-05-2025
- Business
- Time of India
Andhra Pradesh government partners with UNICEF to launch three youth empowerment initiatives
Vijayawada: In a major stride towards empowering the youth in the state, the Andhra Pradesh govt signed a memorandum of understanding (MoU) with UNICEF to launch three transformative initiatives: Youth For Social Impact (YFSI), YouthHub, and Passport 2 Earning (P2E). The strategic MoU was signed in the presence of HRD, IT & electronics minister Nara Lokesh, UNICEF chief field officer for AP, Karnataka, and Telangana Zelalem Birhanu Taffesse, adolescent and youth development officer Manasa Priya Vasudevan, and others on Wednesday. The three initiatives are aligned with the state govt's 'One Entrepreneur, One Family' mission and the broader Swarna Andhra 2047 roadmap, reinforcing a shared commitment to fostering innovation, inclusion, and sustainable livelihoods for youth across the state. The first initiative, Youth for Social Impact (YFSI), aims to build a generation of job creators by equipping over 200,000 youth from polytechnic, degree, and engineering institutions with entrepreneurial and problem-solving skills, using UNICEF's global UPSHIFT framework. YouthHub introduces a multilingual digital platform integrated with AP's Naipunyam portal to connect marginalised youth to job and skilling opportunities, as well as volunteering opportunities—ensuring no young person is left behind in the digital economy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trending in in 2025: Local network access control [Click Here] Esseps Learn More Undo Passport to Earning (P2E) offers free, globally competitive digital and professional skills training for youth aged 15 to 29, preparing them to navigate and lead in a rapidly evolving workforce landscape. Speaking on the occasion, Zelalem Birhanu Taffesse and Manasa Priya Vasudevan commended the leadership and vision of the govt, noting: "The state's commitment to youth empowerment and inclusive development stands as a leading example for the country. UNICEF is pleased to collaborate with the AP govt to accelerate progress towards a future where every young person is equipped to thrive and contribute to sustainable development." Principal Secretary (Higher Education) Kona Sashidhar, AP State Skill Development Corporation (APSSDC) CEO G Ganesh Kumar, and others were present.
New Indian Express
01-05-2025
- Business
- New Indian Express
Three UNICEF initiatives to empower youth launched in Andhra Pradesh
VIJAYAWADA: The State government in collaboration with the United Nations International Children's Emergency Fund (UNICEF) launched three flagship initiatives, Youth for Social Impact (YFSI), YouthHub, and Passport to Earning (P2E), under a formal Memorandum of Understanding (MoU) signed in the presence of HRD and IT Minister Nara Lokesh. The initiatives aim to equip young people across the State with the skills, tools, and platforms necessary to thrive in an evolving economy. These programmes align with the CM's 'One Entrepreneur, One Family' and the broader Swarna Andhra 2047 Vision. Under Youth for Social Impact (YFSI), over 2 lakh students from polytechnic, degree, and engineering colleges will be upskilled in entrepreneurship and problem-solving through UNICEF's UPSHIFT framework. The programme targets the creation of a generation of job creators rather than job seekers. YouthHub, a digital-first, multilingual platform integrated with the State's Naipunyam portal, will connect marginalised youth to job opportunities, skill development, and volunteering programmes, ensuring digital inclusion at scale. The Passport to Earning (P2E) initiative offers free access to digital and professional training for youth aged 15-29, equipping them with globally competitive skills to excel in the future workforce. Principal Secretary Kona Sasidhar, APSSDC CEO G Ganesh Kumar, and others were present.
