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'The new Marulas Public Market in Valenzuela City is the first-of-its-kind ‘DigiPalengke’ initiative in Northern Metro Manila where an entire marketplace is equipped to accept mobile cashless payments.'

https://pia.gov.ph/news/articles/1015376

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This is quite interesting since even a public market where most of the time common folk buy their everyday needs is accepting digital payments. While this is not entirely related to cryptocurrency, it's as if the people are slowly seeing the convenience and security cashless payments offer to their everyday lives. For years, scan-to-pay stores are just confined within the walls of malls and luxurious places but it seems that we're slowly bringing it to the masses and eventually, it will be the norm to pay only with our smartphones and pre-loaded accounts--and in the future, possibly even cryptocurrencies.

From the article:


Gonna be interesting how things turn out here. I'm sure that their will be challenges both on the vendor and consumer side in the beginning. But I do like the concept though, most probably if this project turns out to be a success, other big public market will also test it out as there are most progressive city around Metro Manila like Makati City that can take advantage of cashless "pamama-lengke". And imagine your mom just bringing her cell-phone and telling her "kumare" about the advantages of using digi-payments, that would be awesome!!!  ;D

This would be a great start on making a place through a cashless society.As the current president of the Philippines would hopefully open up the minds of each fellow Filipino to patronize digital payments and go with the trends.This would  have a big impact on the community i guess.

A great start. Indeed an easy way to pay digital. We all know that there are so ways to pay online with different marketing strategy. And i am one of that takingvthis advantages and it really give me a lot of savings. But as we all know, safety here is now a question. I mean, if i want to go to a public places like public market, i will not bring my phone due to security purposes. Not trying to give a bad impression but this is what really happens especially in this christmas season. But still, this is a very good start for us.

Its very interesting because many people are buying goods for everyday living and hopefully the salary are converted to bitcoin so that all people in that area will using the cryptocurrency.

This is the third news where another area in the phils are into bitcoin. hopefully thr whole manila will adopt this to see what is the benefit of using bitcoin.

That's true sir I'm also here in the Philippines, cashless payment in supermalls or even the big  groceries here was used any different card to swipe for payment it's very usable it was also sample of cashless method I think it was start to use several years ago. Its better if cashless payment method using Bitcoin that's very nice for Filipino people.

This kind of technology is mostly seen in the neighboring countries of the Philippines. Countries like China, Hong Kong, Taiwan, Korea and Japan are using cashless payment but mostly it is seen in the shopping malls but this step in using cashless payment in a public place is a big step forward considering that the Philippines is a third world country. I just hope that it will gain support from their local government in Valenzuela and support form the people because it is such a good project.

It is usually faster to enter a cashless society in a small country. This should be just the beginning. It will take years to complete the cashless society. Countries with large land areas may be the slowest in the cashless social process.

I'd say that there are quite a lot of countries that are already going this cashless route.

From the articles that I've read, it's quite common for marketplaces and supermarkets to accept cardless payments in the form of WeChat or Alipay, and cash is becoming rarer and rarer. Seems like the trend has grown in other countries as well.

It is important to note though that being cashless doesn't necessarily mean using blockchain technology, or using a decentralized cryptocurrency. People realize the cumbersomeness of cash, but they might not realize the detriments of fiat yet. It's actually quite interesting how in a lot of the countries, third party companies are actually the ones facilitating the majority of the cashless transactions, as opposed to traditional banks (I think in this case as well with PayMaya).

Not in the case of the Philippines, I'd say. It is only very recent that some malls and supermarkets started accepting scan-to-pay technology, and a few years back, it's just credit and debit cards reigning the payment scene for these stores. Also, given that the 'palengke' setup is anything but advanced and technological, I'd say it's entirely different since this isn't anything compared to the marketplaces of progressive countries and China, Singapore, and other countries that uses WeChat and Alipay. I'm somewhat stoked on this idea being spread out on other cities as well, though knowing the demographics of the urbanized and marginalized community in the Metros, I'm also concerned that this might induce the rise of theft and robbery within these marketplaces.

People are now starting to feel comfortable in using cashless or virtual money to buy the things that they need and wants, that is why there are now few market in the Philippines that are now turning to be cashless for fast transaction.

Seems like a lot of governments around the world are realising that investing in cashless forms of payment would probably be more worth it in the long run, compared to developing new banknotes with newer anti-counterfeiting measures.

And people in a lot of countries have already grown accustomed to transacting with cashless means, which is definitely a huge step from a decade ago when all of this was still just a novelty.

But still, these are fiat currencies that are being transacted, and bitcoin is yet to have any impact in real life marketplace transactions. It would be interesting to see down the line once adoption picks up further, whether bitcoin could potentially operate as an alternative to these cashless payment methods, making it easier for international travellers to pay, etc.

For Fiat then this thing is possible specially merchants can really easily adopt yet e-payments is more convenient and i was surprised that it is already go beyond on the walls because
i do commonly see this on malls which same as you said but now it is already on the public market.Good to see such adoption but i doubt crypto payments wont suit out to merchants
due to volatility.

This is an evidence that cryptocurrencies are really have some brighter future because they are already been adopted by some big businessman. It is good to know that Philippines was enjoying the features of blockchain amd and hoping for the best for their newly adopted business.

This is not related to cryptocurrency, though the concept of cashless payment transaction is somehow can be one of the applications of cryptocurrency in the future. This cashless system functions as debit card, wherein you need to cash in first before you can use them. With this, they have a mobile app.

Did you even read what was written on the original post? Or did you just post here blindly by just reading the topic title? The public market isn't accepting bitcoin or any other crypto currencies. They are just turning "cashless", which means that transactions won't be done through physical cash, but some other means such as e-currencies, mobile app or any other digital payment method. This includes the chances of using crypto currencies too.

Digital transactions are penetrating the market two or three years ago, it is just so surprising that Philippines is adappting to the digital technology by allowing such transactions to be visible in common areas like public market and your local convenience stores. I think the cryptocurrency is yet to be adapted -- they are just waiting for by-laws and some amendments to protect the rights of every consumer and investors trading with such. Overall, this news is a good one considering Philippines is one of the most watched out for Third world country. Kudos to Valenzuela City.

Philippines is in the south east Asia, the country accepts the crypto currencies and they could recognize the the merits and de merits of the digital or the crypto currencies .A country is turning in to a cash less society means the public market is turning  and in the place of the cash a full fledged cell phone will be handling the situation successfully. So that the buyer and the seller will be happy. Such a very brave step the country has adopted for the convenience of the people. This is indeed a part of the economic development of the country By adopting the crypto currency or the bitcoin which will be more convenient and trust worthy to the society because all crypto transactions are recorded in an electronic ledger  with the block chain technology. The transaction details once it is encrypted means it cannot be altered so by the implementation of the block chain technology it leads the entire community in to corruption free world

I feel happy, hearing this news, even though there is no clarity in my country, at leasti Philippines is a country in one region in my country, the ASEAN zone. of course this will affect the surrounding countries

The mass adoption is now happening, consumers are now prefer to use digital transaction than fiat transaction. They are now aware to the advantages that they can get through the use of digital money.

I know we have been moving fast with corporation adoption in bitcoin considering there has been a lot of talks about ETF and CBOE and CME and what not however this is the real adoption we should be focusing on. Mobile payments are getting more and more famous every single day and there are more places that accept that kind of stuff in the world right now than ever.

Hence, I think we should be really focusing on creating a mobile app that allows us to pay from the traditional POS machines with bitcoin but the owner gets fiat currency. That way there will be millions of people who are capable of buying anything they want with bitcoin and we wouldn't have to wait around until the shop owners start accepting it. Even if stores don't take bitcoin as a payment you would be capable of paying with it nevertheless. There are debit cards like that but we need the mobile app version of it.

Yes, this could be the start of something new that will going to adapt not only in the Philippines but this is global. In fact Jack Ma of Alibaba group and companies are already stating about the cashless society. This might be very possible but I do not think that it will going to be an absolute cashless for there could be sometimes that fiat money is really needed for the exchange.

It's gonna be a good evolution in the market especially in the Philippines where the economy has a lot of opportunity to grow. Adopting a cashless society is going to be interesting and hopefully the president will see it as an opportunity and not a hendrance to economic success.

there is nothing new in this field many markets here are accepting paymaya as a mode of payment it seems like new because they put it in the public market.

Great adoption for the technology itself with the use of Paymaya.

This will be more interesting if this public market will be exposed to acceptance of cryptocurrency too. This is just the start and soon people will get attached to this type of payment system where they are no longer needed to bring cash but only with their smartphones.

Although it seems good. I am still hoping til now that paymaya will consider my suggestion to incorporate bitcoin as an option of loading their wallet.

I've contacted them a year ago about that. They've had a good feedback that they will consider it but still have to discuss with the team.

As of now I am not quite surprised about this kind of act. Paymaya and Gcash are being widely used in most of the malls in the philippines. In fact there is one bus company on cebu right now that releases new buses that only accept payments through gcash

Yes, this will be a start for the acceptance of digital payment in our society on which possibly in the near future the cryptocurrency are the ones of its payment options that every people can choose on which can surely change their financial status in life.

We can see a lot of malls worldwide are turning into digital. Like what you have mentioned about scan-to-pay systems. You know everything comes with a process this will not done overnight, it takes time like you said. And as the time goes by, new discoveries will take place especially in the world of internet like in crypto.

These cashless transactions are regulated and monitored by the government.

So if that day would come when these cashless transactions not only for this market including crypto's, it will also be monitored. Seems like we are really going to that point where most of the transactions are going digital. Even those who aren't aware of it, will be forced to adapt.

Yes, and this kind of initiative from the Philippine government might be a good headway and might pave for the adoption or used of crypto specially bitcoin in payment services like Paymaya. I'm glad that the Philippines is really moving progressively and I have no doubt that one day we it will rise as one of the Tigers of Asia again. Best of luck to al Filipinos..

The Philippines are just creating an endless excitement in me. I wish every country can just act the way the Philippines have embraced crypto. BTC would have been over 50k USD by now.

wrong paymaya is just another digital wallet that uses FIAT and as stated above by other poster it is highly governed.  Yes, filipinos might be embracing cryptos that much but most of them has the wrong perception and most of them were being scammed.

Almost every year, millions of dollars were added in the scam amounts that was made in the philippines

Although i support this development and hope that it will really works successfully but still i have in doubt because it is really convenient to pay in cash on this kind of place like public market specially if you are in a hurry and the vendor will need extra educated people to hire just to attend the digital transactions. So i think cashless is really applicable only to the malls and supermarkets but not in the public place but anyway cashless is just an alternative option for the consumers as its more safe than bringing money which is prone to be stolen in the place like this.

It is true that every government wants the cashless society for their citizens. The Phillippines is doing a great initial and concise step to get or at least try to make the society cashless. It will be worth seeing this advanced step by the Phillippines officials.

Well this is true, and it was actually a great start for our community, in which we are one of the most progressive city in the Philippine ,in behalf of this situation we can say that it has both advantages and disadvantages , advantage is that an easy way to buy good and make transactions, but it was hard thing for most of the families to acquire extensive progression of technology,which we can say one of the worst conflict in implementing cashless society.

I like this kind of development and I will said it is a good development that might help the market.  Traders in cryptocurrencies market which everything to became cashless.  Philippines governments are really cryptocurrencies friendly and I believe that this is going to help there economic in future.

And this is the direction in which the whole world goes. Previously, a camera, video camera, tape recorder, and even a calculator or flashlight were used as separate devices. Now everything becomes compact and we can find it only in one phone. Credit cards are still used as a separate item, but soon they will also be replaced with applications on our phones- replaced by cryptocurrency ;)

If that is true that a public market is turning out cashless in the Philippines then that is a good leap if it is using digital payments like cryptocurrency, that is not impossible because technology is fast rising and that if they adopt that cashless payments then it brings confort to the holders of cryptocurrency.

Thats good its started to be a cashless society and lm glad that it will be given soon the price rating increase in the market for us to be ready on a cashless society.

it seems that I also think that way, cryptocurrency will be an online payment tool, and is equivalent to other online money, but cryptocurrency has a fluctuating price, maybe this is why people are afraid to use and store crypto.

Its great to see more and more countries ready to be cashless, cashless payment can be more efficient and fast way to do transaction and every people in society now looking for more and more quick way to make transaction and cashless payment could eliminate the cost to produce the fiat especially the coin, and this cashless payment could be the trigger for crypto adoption

It is good to see that even a third world country like the Philippines is slowly adapting the cashless society though there are still some people who are reluctant to use this kind of technology and still prefer the conventional method but with persistent education by the people in charge, i am sure they will adapt.

 :o This is really quite amazing of all places and establishment in the Philippines its in the public market that start its cashless payment...and this is a good sign too that people are getting to know digital currency and began to adapt it in their business. This is also one indication of growing economy.

It isnt still unless the transaction process will be solved. Mind that the main reason why this people uses this type of payment option because it is way more convenient than bringing physical money. Now for the current situation of bitcoin it directly defeat the purpose of being convenient in any ways

My update to my last post in the same thread. I just saw this in one of the advertisement of tge said apps and it so cool. I am thinking this is not very useful tho, because most of the people who but goods in the markets are most commoners and we can say that tech is not in their first priority. But thinking again, my mom is also now a techie and she buy her ingredients to the market. But she still uses her traditional way of paying, physical money. Maybe someday it will be widely use.

I agree that it is usually faster to become a cashless society if a country is small and also the people is well educated but in my view the Philippines is not a small country. It maybe small in terms of land mass but population wise, i can consider it as a big country. Education is one factor to consider if you want to become a cashless and continuous seminar top the people by the government could make this faster. Philippines is slowly becoming a cashless society and with it's population and interest of the people, the trend of it to become a cashless society remain slow.

It's great to hear that the Philippines is taking this big step toward embracing the digital world! Use of crytpocurrency is just around the corner! Widespread use, that is. I know there's a decent contingent from the Philippines cruising around this site.

in my opinion, scan-to-pay and no cash payments have started to develop in Q2 2018, not only in Manila, in other developing countries that this has been applied even to some traditional markets. The use that is quite easy and efficient is very beneficial for both parties

Of course. What do you think? In more technology developed countries like Korea should be more advance when it comes to payments too. The news is just part of how fast the Philippines is turning into a cashless country. Lazada and Shopee are also getting more popular especially this Christmas season.

Think about which corporation or bank in that country controls mobile payments and why did the government enable it?

BTC was always there but why is no one using it in that public market?

Well this is happening without any hurdle because the Venezuelan market is a bit in dire need of this new system and this looks like it will increase the efficiency of the market and will abolish the extra expenditure.

Obviously  gcash and paymaya were managed by the two largest network providers in the philippines. Everyone uses either of the network and what makes it more convenient is that since everybody is using this two networks you can load up your wallet thro mobile loads.

And yes, this is highly moderated and governed.


You are a bitcoin user you should know the answer. If I am the vendor i would really not sell it using bitcoin. If ill sell an egg for bitcoin that equates to the value of peso during that tine(eg. 6 pesos) then at the end of the day suddenly the value of that btc ammount drops to 3pesos worth of bitcoin. That is a pure disaster, plus for the current bitcoin situation. If you are the payer you don't want to wait for several hours before you can leave because it took hours before your transaction was confirmed

They are actually using Gcash and paymaya which is just a way of transacting through our latest technology which still involves fiat. On the other hand, it is still an advantage because most of the Filipinos are getting into the latest trend of transacting and it would be easier for them to adapt cyptocurrency in the future.

Big development in cashless society is being driven now in many market and malls.
Paymaya and GCASH is doing great and many more to come.
Also PALAWAN EXPRESS now post their new system on buying and selling BITCOINS on their branches.
I think COINS.PH will be available to use in many market now.

It a good development to the Philippine because most part of the world have already option in to cashless society where people don't have to move with cash any more, you can pay for goods and services in the market place using any online means either point of sale (POS) and other online payment method. I believe in the near future people are going to option in to the use of blockchain which will lead to crypto currency adoption.

This is very interesting in which cashless payments in a public market has being equipped.Seems a very good start that next to this is adopting cryptocurrency and making it popular in different places.Time and technology has gone so far lets just see where it will brought us and watch the future.

PayMaya is pretty aggressive on offering they services mostly they always partnered up with the government. They even have their own train card/Visa debit card in accessing our railway system. This is also not the first time a cashless card company had entered the market, I forgot its name but they also have offered their card in various universities in the country but the bottomline is it failed. Hoping that PayMaya won't have the same fate as the other company had. But I personally don't think the Philippines is the right market for this.

Some GCASH users transfer to Paymaya already according to the stats that my friend told me working on Globe starting from Q1 of this year.

But overall, GCASH is still leading on satisfactory rating compare to Paymaya (even during the days of Smart E-Money). Good thing Paymaya thinks of unique way and they bring the service into a public market. That will surely boost their ratings.

Just wondering how those vendors there agreed on adding that service on their stalls as we all know on that kind of business, direct fiat payment is way more better. Maybe perks?

I think they might want a new nuance in transactions, or are trying to revolutionize the payment mode that has been in effect so far from fiat to digital. If this trial can work well, of course this will make Manila become the second cashless country after China. And most likely, crypto currencies will be very easy to accept and can be transacted by people there.

I think for the non-cash payment system it has developed several years ago, but still uses a conventional bank system, where transactions are made by transferring from an account to another account, along with the development of conventional bank system technology is now being abandoned and turning to the blockhain system who do have transaction fees that are very frustrating because they only need miners to confirm their transactions, the transactions carried out do not even have a limit on the amount and distance,

Its still a FIAT system but the whole cashless society scenario is gaining
traction. To see a market turning cashless is surprising IMO. I would imagine
Most of the transactions would be of small values.
In my country we gave "tap and go" transactions payable by card for anything
below €30. We dont have to use chip and pin and there is no minimum that i
know of.

That's right in many countries noncash payment has also started to be used a lot. but cash payments are still being used because some places have not yet received digital payments, Philippines including developing countries, if developing countries already have a good development in online payments, of course developed countries have been more great than this?

China has achieved a higher adoption rate on mobile payment than any other major economic entities in the world.

do you have any datas or graphs that supports your claim?  But if i will be analyzing it this is really possible if we are going to consider the current population of china plus their addiction with the technology.

But still it is just great to see that Philippines are making a move towards this innovation

I do not think that the transition to non-cash forms of payment will be supported by all members of society. I don’t know how in the Philippines, however, in my state there is an inscription on banknotes that a bill is obligatory to be received and paid throughout the state and by all enterprises, institutions and organizations, regardless of the form of ownership. Therefore, if someone does not accept national paper money, anyone can go to court and will be forced to accept government cash. And it is right. Not everyone can or wants to use non-cash forms of payment and that is his right.
Cash national paper money of the states will exist as long as the states exist.

I have never heard about such but should this be true I think this is one of a kind and a starter to those who would like to make their first steps towards cryptocurrency development in general. This could help as a pivotal lead towards the use of digital technologies in the Philippines. I just hope that even with the unfavorable market experienced as of now they will really be still in the line to promote cryptocurrency.

RIght now, many country developing cashless society for their people. Cashless society can reducing money laundering and its more traceable for government to collect taxes. As far i know, sweden is step ahead compare others country in the world in cashless society, not more than 2% paper money circulation

This is great, wether we like it or not we will be slowly transforming to cashless society in the near future this are just small steps for change. Countries adopting cashless payment and crypto will never be left behind and will have advantage over Emerging technology, Philipppines is a good example of country that adopts changes and know how to utilise it.

China started well in adopting bitcoin and blockchain but then they slow down. They banned crytpo & ICO and lost their way to be a leader in blockchain technology. Philippines, on the other hand are taking positive steps towards adoption and legalization of digital currencies in their country.

I know what is happening in the Philippines and I don't see that much change despite people know and use Bitcoin. People are still using fiat, they are still uaing their debit and credit card to pay online and offline through malls and shops. If there will be a country that is a good example in terms of adapting and changes, that would be Japan as they are the first one to accept as a whole this crypto currency.

It is the best way for us to have cashless society, the businesses should first accept digital currency for the customers to have a reason to patronize it. I am sure that they are now experiencing better transaction than before through the use of digital currency.

I am not particularly surprised about this news. The entire country of Philippines is already having a mass adoption of cryptocurrency especially bitcoin. So, digital payment is already popular in that country.

One thing I would love to see Philippines though is to become a leader in Blockchain technology and not just to adopt crypto. If you look at the crypto summit along southeast asia, I don't see anyone from the Philippines representing them, I see a lot from Singapore and even Thailand but why we don't have someone from the Philippines you have embraced crypto so much more than any other country in Asia.

The Philippines is also a tech hub, lot of good developers around so I really don't understand why they still lack the good exposure. Anyways, yes let's hope that the country would really move forward to the next 5-10 years and adopt crypto and even cashless society.

It is because Japan has always been a wealthy country. And simply Philippines isn't. It is much easy for them to use crypto since they have services that can easily trade from crypto to fiat.

Yet, the fact that Philippines is trying to use innovations is a good start

I have to disagree that Philippines has mass adoption in crypto because compared to other countries ours have small percentage in terms of using crypto but yes we are a trend follower. This would be a good start and afterwards theres a possibility of accepting crypto but see it should start from the leaders of the country.

We have a lot of high end countries like UK and USA leading the way to regulate and tax crypto business and people who deal with crypto, we have a lot of smaller countries like carribeans and philippines doing this kind of stuff we now just need more middleground countries like estonia, south africa, singapore or whatever to do deal with crypto properly as well and we need the Nasdaq version of those countries to actually pull off some sort of official ETF so the crypto world could get higher from those countries as well.

Wall Street putting money into crypto is always welcomed but wall street would be small compared to tens of countries official ETF publication getting attention, that would combine will worth a lot more than what we have right now in crypto already. It could quadruple our volume.

Hope that market still opens now since the price of Bitcoin is ridiculously low and it hasn't affected much of the sales. But I guess they are referring to a FIAT that transfer from their mobile phones  to other.

What if power goes down in such a market?

What if lightning strikes the cell phone or wireless network tower?

What if a massive virus attack takes down the payments processing system?

IMO going completely cashless is a risky move.

Sooner or later whole of the world will be a cashless society and there will be no paper currency, no banks and only digital currency, I am not saying tat bitcoin will be the mainstream one world currency. It can be a situation where every country might have its own crypto currency,

Although I want to agree (and Im really happy if that will be the case), I really know the industry behind public markets by myself. I have been in the market everyday dealing with these kinds of vendors. Have friends who works on a certain markets. It's quiet hassle if the vendors/stall owners will go for cashouts while dealing in their suppliers on which not even using the cashless payments unless the service provider itself will do the payment (which is just my guess).

That's why I think that maybe there was a "perks" or something along those lines. Well then, not a big deal after all as I really don't know how's the system was applied. Maybe if by any chances I can able to visit that market to extract some details, on which I think around 25kms from here. :)

Well with the current payment system like that in the  public market,i think this will be a good start that people will be taught how to pay in a cashless system and the only thing they have is their smart phones.I have witnessed already in some stores that consumers are just paying through their smart phones by scanning the code and then payment sent.No paper money needed so its hussle free.

cashless trading has been very much done in third world countries, because the trade system has progressed rapidly, all countries have experienced changes in the pattern of payments, the Philippines may be a small part of a third world country that is undergoing change, because the future for the country who do not follow changes in the payment system, must be abandoned from the world of global trade, or will be eliminated in the global economy.

this is a future demand where users want to be easier, safer and faster in all the shopping activities they do and this has begun to be offered by crypto with the benefits that everyone wants. currently crypto is still being opposed by many countries but in time they will need more than fiat

This is very good approach to the technology. Every country should do that but many are afraid they will lose their interests upon the introduction of Bitcoin in the economy this is why it is banned in many countries.

Well, yeah Philippines is a cryptocurrency friendly country and it is not far from happening that the government would allow such move not only being a cashless society under centralized currency but also with cryptocurrency as it has a lot more potential than fiat money. Good for the local government and the local community of that public market as they are now embracing technological advancements.

So it is good in their interest. Philippines is a growing economy and I think that the more they divert to the cashless economy, the  more their problems would get solved and would embark upon the journey to perfection.

Filipino's love using cashless system as they feel comfortable in doing these. Metro Manila is the capital city of the Philippines and all the advantage have in there, may digital currencies will be acceptable in that area.  But it somehow, some provinces aren't integrated will digital currencies as internet where not available.  

"Cashless" doesn't directly means crypto, I know people around here are heavy crypto people thats why when you hear the word "cash" you think of fiat but in reality fiat could be used as credit card or debit card which would make it "cash"less in a way. Hence this public market thats turning cashless could have debit cards and credit cards all day without a single crypto transaction.

However if the vendors there had some sort of incentive offered to the customer like "pay with crypto and pay no extra fee" or something like that it could be a good advertisement for crypto. Not a huge change since its a public market after all but it is still a good step forward. Its a cycle, vendors need to convince buyers to use crypto whereas buyers sometimes needs to convince vendors to accept crypto.

We can also see that these third world countries are also getting very high profit from this field. One of the reason that there countries are in this field because it is a decentralized system and anyone can get involved in it without any restriction so they are here when are denied from other digital systems.

I think this is a great news for all the Filipinos, having this kind of upgrade to better the method of payment is just a great help for everyone not just in the Philippines but to all the earth, I have seen one kind of this scan to pay method in malls and some restaurants and hopefully it would just go to even simple stores in the streets, the security that you dont need to be worried that your money will be stolen from you will be gone and you can just go everywhere carrying nothing but your phone.   

I saw this in the news and was so excited to see how advanced/ or rather how much we have improved from way way back. It's the PAYMAYA right? Although I felt like it was sponsored by Paymaya because they all have just paymaya and they are all in one location, but i know people/ sellers  will realize how convenient it would be if they accept virtual payments. This is such a big step. I hope PayMaya reaches out other parts of manila and luzon too.

Maybe they have done that so that it is more safer safer to go in the market. Even though you don't have your money with you, you can still buy goods. And there are so many pick pocketers on that area.   

If they could do that with other digital payments they could also include the cryptocurrency payments. It just needs a little regulation with the government and everything is ready to start as soon as the government accepts cryptocurrency as payments. I think more and more store and even public market will follow what they have been implementing.

Did I mentioned "cashless" is directing to crypto?

I know Paymaya services. I know the usual public market system here. If debit/credit card is used then it's usual but not limited to direct stalls in most of the cases. But this time it's Paymaya wherein there will be sort of another system and not the usual debit/credit card system. That's why Im thinking that it might have a perks why vendors agreed on terms easily.

Anyways it's a startup and at the same time maybe testing the waters in the public.

One way or another its good to hear this kind of updates from our country Philippines,by using this method cashless system is better to avoid  possible problem like snatching of wallet from public area.Its a risk free also.Cashless system also will enhance the knowledge to the people about the cryptocurrency usage in the coming years.

Yes this cashless payments system is the new future of payments from big corporations to smes its very applicable fast, realiable and secured I used this cashless payment for some months now in department stores or you can also use it in online payments as debit card but as of now this cashless payments do not use any integrated blockchain technology I hope in the future they will open for more transparent and secured blockchain.

This is not just about the shopping thing but it has a huge market around it and I believe that the public markets becoming cashless in Philippines is a good thing because they have financial crisis and I think this will help them heal the economy.

I agree with you, basically humans want convenience and that applies to payments, where crypto has a system for that, from payment, storage and transaction history. Now many smart phone applications are developing that make it a personal wallet.

This sounds interesting but in the same time we talk about Philippines, once the economic climate was unfriendly if i remember right. But still it is a huge step forward to a cashless society.

China is using wechat pay as a form of cashless payments in the market. However the leader of the Philippines is favourable to crypto so hopefully they will do something similar but with bitcoin instead

Good news. Better like that than suffer loses most of the time from thieves and illegal racketeers. Thieves and dishonest sales people  are often taking advantage of their costumers which results to big loses in their part and creating trauma/fear as well which make them oftentimes suspicious of people they are dealing with.

Its good for people if we are using cashless in our activity. Its more safe and secure because its digital money. We dont have to worry if the money damage. I think cashless will become trend in many country in near future because technology growing very fast

Whatever their form and platform in the cashless activity will change the world better, if cashless becomes more popular, sooner or later they will know about crypto, because cryptocurrency is cashless and online payments that are most in demand