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France 24
France 24
Politics
William DE TAMARIS

Playing crypto games for a living: Filipinos seek to escape poverty

Poverty Cryptocurrency Minimum Wage Philippines
FOCUS © FRANCE 24

Can you make a living from playing video games? Millions of Filipinos who earn cryptocurrency playing online games seem to think so. Players earn tokens they then trade in a virtual market for pesos or dollars. They can earn up to twice the minimum wage – an irresistible prospect for young Filipinos hoping to escape poverty. But cryptocurrencies are also extremely volatile. Their value in the Philippines is estimated at $7 billion, but they can collapse at a moment’s notice. Our team on the ground reports.

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