By Shiela Bertillo
Philippine-based cryptocurrency exchange Philippine Digital Assets Exchange (PDAX) recently announced the launch of the platform’s newest feature, ScholarPay. The new service will allow the guilds and managers of Axie Infinity, a play-to-earn non fungible token (NFT) game, to send money directly to their scholars.
Currently, ScholarPay supports crypto to Philippine peso (PHP) conversion through the exchange as well as a simplified mass PHP payout system to Gcash and Instapay.
Moreover, automated on-platform PHP Payout, mass Smooth Love Potion (SLP) transfer and Ronin wallet integration will also be added on the platform soon. SLPs are the in-game tokens of Axie Infinity that can be converted to fiat money.
Nix Eniego, the Assistant Vice President of PDAX, also assured that ScholarPay will “evolve overtime.”
“For Managers/Guild Leaders that operate large scholarships with (the) majority of scholars in the PH, this can help save you a ton of time and potentially more earnings for your scholars. (less fees, less turnover/swapping of assets),” he wrote in a tweet.
He also guarantees to the scholars they can get paid instantly “at the best rates.”
“You won’t need to try your luck and sell your $SLP at lower rates,” Eniego added.
Consequently, ScholarPay is free to use for the first 3 months, with minimal transaction fees after.
Recently, Eniego mentioned that Axie Infinity is not yet on its peak and that he is excited to see the games’ upcoming updates. According to him, Axie Infinity “is still the opening act.” Nix discussed this during the first episode of BitPinas’ weekly webcast. (Read more: PDAX AVP: Axie Infinity is still the Opening Act)
This article is published on BitPinas: PDAX Launches ScholarPay, to Allow Managers to Directly Send Money to Axie Infinity Scholars