Bitcoin Forum

BEFORE:

Negative impact on the economy as per the past government.
The remittance market is increasingly $26 Billion annually which is rank no. 3 in the world.
Charities has limited reach internationally because of high transfer fees.
Unqualified merchants to accept digital currency.
10% transfer rate from fiat money.

NOW:

You can now purchase goods using a bitcoin in some small online merchants.
Availability of Bitcoin Atm located in Salcedo Street, Makati Philippines.
Bitcoin as donations given to the charities reaches internationally
Pay services using bitcoin.
Buy foods and drinks in the fastfoods in the philippines.
Lastly, increasing and growing numbers of people using bitcoin in the philippines.

This is how our country adopting a new technology, How's yours? Please share with us.

Good to see your country adopting bitcoin incredibly. Phillipine have always shared a positive view about crypto currency. It will have an impact on other Asian countries as well. I hopeo more countries would start adopting after this.

As how other Asian countries embraces crypto Philippines also have a good acceptance of crypto currencies, I went their and I heard they there was already an automated teller machine for Bitcoin somewhere in Makati City. I hope more countries should learn how to deal with cryptos instead of banning it, crypto especially bitcoin can help the community.

I think the Philippines has done its best by accepting Crypto as one of the payments and can even be used as a sale and purchase of goods using bitcoin, of course this is very good news and will be able to push up the price of bitcoin. philippines by accepting bitcoin.

well thats a positive move for the governmant towards cryptocurrencies, but one should consider that this third party wallet providers are regulated by the government and the central bank of the philippines, but not too tight to attract investors this kind of financial firm. good for the philippines.

Its good to see Philippines using the crypto currency now and many more Asian countries need to come forward and adopt the same way as done by this country.On a longer term of view, crypto space would be used globally by having some regulations in place in the near future.But other countries also would do their own research before taking the crypto space in their daily usage.Lets hope for the best and wait eagerly.

Yes,many people in the Philippines now are adopting bitcoin and using it in many transactions. But also there are several reports already that people are using bitcoin to scam big amount of money.

Very well, the Philippines is approaching bitcoin slowly and very effectively. They do not impose mandatory regulations on electronic money that they create the most favorable conditions for people to develop bitcoin. This is the most effective way to change an economy and help people get access to new technology. I believe Bitcoin will be very developed in the Philippines in the future.

My country is nowhere near this. We still have a long way to go because there is nowhere to spend your bitcoin unless you first convert it to fiat currency. In fact, i am impressed with the level of improvement in bitcoin adoption by the Philippines.

now every country has begun to open its eyes to the importance of crypto currency to overcome the economic problems that are being faced, I think the philippine's move to accept the existence of bitcoin is good news because it will open up space for Filipino citizens to be able to access bitcoin freely , and of course this will affect the progress of the Philippines economy to be better.

Yes. Philippines adopting not just only bitcoin but other cryptos very well. People in there makes every crypto a good one in a sense that most of them using it now as a currency in buying, paying and investing in different things. Cryptos image in Philippines is good and I can say that it is very positive. Most of the people nowadays are into it when it comes earning profits.

it's a good idea to hear that the Philippine nation has been accepted into bitcoin. it is best for everyone who wants to earn bitcoin and it will be able to quickly receive cryptocurrency to adopt a country's blockchain technology as soon as possible.

Thats really nice if govt has allowed to trade/use cryptocurrency in Philippines, It will surely boost country's economy, BITCOIN availability will allow people to invest into it, in my country govt still has not legalized any transaction using bitcoin, although a large number of people in our country is trading bitcoin by one or another method but still still out of reach from the common people, I hope govt one day will realize the power of blockchain and will accept it.

I also hope for it. In the Philippines it is easier to do transactions connected to bitcoin at the same time even the pawn shop or something stuffs like this also participated with it. The app is really amazing that is why people in the Philippines do not have a hard time using bitcoin especially doing transactions.

These innovation and movement were made possible by bitcoin enthusiasts since 2014. Exchanges such as coins.ph have opened a wider gate for the Filipinos to use their bitcoins in numerous places and services which, formerly can only be utilized by paying in fiat. Also, the willingness and openness of the Philippine government towards bitcoin and other cryptocurrencies also helped, albeit their constant reminder to the Filipinos that investing on digital assets is still the Wild West of investments. Though not a pretty sizeable country with a strong economy, the Philippines still see something good in bitcoin rather than just the negatives.

Agreed, Most Pilipino uses third party wallet that is regulated by the government because most of us think's it is easier because we can just convert our Bitcoin to PHP and vice-versa. The only problem here is that the government really have the access and also can limit our transaction using this third party wallet.

It is apparent by now that adopting cryptocurrency especially for countries that need a boost in their economy is beneficial. We know that cryptocurrency is in the early stages but that doesn't mean it lacks the potential in digital currency, if more countries are to adopt cryptocurrency for the economy it would mean great things. We are seeing first hand the results of adoption from Philipines and the benefits it held with that decision. With time we'll hopefully be able to see more.

The lower fees on the remittance is a huge improvement over services like MoneyGram and Western Union and the people are feeling the impact of that on every global transfer that are done. This might be one of the best ways to increase adoption in every country, but the supporting merchant network has to be strong, to support that.

First world countries tend to focus too much on Bitcoin ATM distribution in their own country and not in emerging 3rd world countries, where it is needed the most.  >:(

Here we have big blockcha9in conferences in Limassol and some ICOS launched here as well, but I don't yet see many local shops having crypto or Bitcoin signs up, but I think in Limassol mall they put up now a Bitcoin ATM. They are slow here to adopt Bitcoin because there was a scam here years ago promising a crypto bitcoin bank and debit card and they run off with people's money, but slowly confidence is coming back now and there are meetups once a week in Limassol as well, I hope to go to one day to meet up with our whales and blockchain experts there, would be fun, but it's far away from where I live and I don't drive, so would have to go and stay overnight by bus.

I never knew that this is really happening in our country mate,and i don't have enough idea about the bitcoin atm machine.Those past governments doesn't introduce bitcoin in our country and Filipinos already know the reason behind it.There were negative news about that cause people think that it is a scam or sone sort of a fraud. The concept of decentralization was one of it.

It is hard to buy fast food with bitcoin as the transaction times are too slow. Perhaps the food in philipenes is fast but the queuing time is long. Good place for a holiday though

The use of bitcoin in the Philippines continuous to go up and more filipinos are becoming of the new currency that is circulating in the internet. Mainstream bitcoin adoption in this southeast asian nation is rising at an exponential rate, thousands of users, workers and Filipinos abroad are starting to utilize bitcoin to settle remittance payments, utility bills and send payments at lower costs through the use of local bitcoin exchanges. The Philippine government are also looking for some ways to expedite the full adoption of bitcoin and other cryptocurrencies in the future.

It turns out your government is indeed brave to provide this golden opportunity, this is a good and beneficial development. Only hope that neighboring countries can do the same thing as your country. Slowly will be able to give that opportunity to bitcoin.

Great news for Phillipinos 

I wish my country also accepted Bitcoins

we can do nothing but hope for it ::)

This is my first time to post here. Philippines adopting cryptos has a huge benefit not because it will help Philippine economy grow but to help its people to earn even with a small amount of money

   Mainstream btcoin adoptions in the Philippines is rising at an exponential rate.As million of user local employees and expat pilipino are starting to utilize bitcoin to settle remittance payments, utility bills,and send payments at lower cost.
   
    After securing $10million in the early stage funding, at the forefront of bitcoin innovation and adaption in the country.The mission and ù the coins development and operating team have beento try to provide easier and more convenient methods of payment for local users
 

I'm from Philippines also and i believe that government are positive on cryptocurrency and they are regulate the laws about it.

You forgot to mention that there is also a Bitcoin ATM in baguio city or if you don't have any idea about this

Asian countries are starting to fully adopt bitcoin and other legit cryptocurrency,it is going many countries like thailand and Singapore,japan and others while Philippines has no direct order about cryptocurrency but the government has no negative approach in regards this matter

It is a great opportunities for all people living in Philippines that they can passively adopted cryptocurrency especially Bitcoin as a source for everything. We can deny that cryptocurrency is one of the most demanding source in terms of money around the world. that's why this may affects our society and at the same time economy.

..it is good to hear that Philippines is now adopting Bitcoin,,as far as i know many Filipinos are engage in Bitcoin and are now using the crypto market..thumbs up to all Filipinos who put their effort in adopting Bitcoin as part of their daily lives..but sad to hear that many Filipinos were scammed using Bitcoin as their mode of operation in deceiving people just to earn money..

Yes I see that there's a growing number of Bitcoin users here in the Philippines however the question is how do they treat Bitcoin, how do they look at it. Are they looking at it a payment option? Or they are looking at it as an investment only. For the past 3 years, I haven't seen a merchant in the City where I live that accepts Bitcoin as a pay option. What I am looking at it is people in the Philippines look at Bitcoin as an earning opportunity to them. They earn from sponsoring someone to join or sign up in a exchange site and after claiming the reward, nothing follows.

Well, I was one of the people and citizen of this country - the Philippines. I am one of those that later was have a negative thought about Bitcoin but as the days and years goes by, it lets me clear my mind and let me see of what Bitcoin truly is. And moreover, adopting to Bitcoin makes for me too easy because as I keep on engaging to it, I cam see more and lots of good opportunities ahead of the crypto currency community using Bitcoin crypto currency.

It is really good to hear that filipinos are becoming positive now in bitcoins even though not all of the population but people who are joining crypto is increasing every year. It means that more filipinos are learning cryptocurrency. I hope that more people will join crypto and increase every year not only in the PH but all around the world.]

It is good that Philippines is one of the country that early to accept bitcoin. Many are benefitted and keep earning from bitcoin and it change their life perhaps. Filipinos are working a business about crypto exchange also, which means that they really support to have own exchange that can be trust by all Filipinos.

So people from the Philippines can not try to use bitcoin to purchase something, it is a good movement that the Philippines did, and I think it will give effect to the other Asian country. And soon, bitcoin might have mass adoption in Asia since the chance of using bitcoin is wide open in Asia country. But I am sure that in the other country outside from Asia, bitcoin will grow fast too so the mass adoption in all country will happen.

The impact will really be felt specially Philippines OFW sending their remittances through bitcoin (coins.ph), and that would be an amazing facts to see in the next couple of years. As you have said its a billion dollar business so it crypto or bitcoin could get a piece of that pie, it would be really a boost to the price of bitcoin. I'm not aware though of fastfood or restaurants that accepts crypto so can you please pointed that out?

It’s good to see that our country accepting bitcoin in a positive way. Im pretty sure by now all crypto hunters in our country are very much happy and can enjoy all the benefits bitcoin has to offer to our country.

Definitely, even bitcoin is not already been legalized in the Philippines we can see that they slowly adapting it and implementing it in their country. In fact, I was heard some news that government in the Philippines are having and attending some seminars regarding to bitcoin as I can see, they are trying to study and wanted to learn anything about it and there are the willingness to adapting this system and there will be the big possibility or chances that one of this days they will already legalizing it.

This is a really great news for the philippines. It’s good to see the they are accepting bitcoin in a very positive way even if bitcoin is not that legal in the philippines still they are adapting and implementing it in their country i hope this is the start of all countries accepting bitcoin in a positive way.

bitcoin will be accepted by around the world.

It is apparent by now that adopting cryptocurrency especially for countries that need a boost in their economy is beneficial. We know that cryptocurrency is in the early stages but that doesn't mean it lacks the potential in digital currency, if more countries are to adopt cryptocurrency for the economy it would mean great things. We are seeing first hand the results of adoption from Philipines and the benefits it held with that decision. With time we'll hopefully be able to see more.

bitcoin will be adopting by around the world soon.

I believe that this is indeed a great news for the people in the Philippines where cryptocurrency technology is now adopted by the people. Definitely that btc atm machine in Makati City will multiply soon as there will be more demand for it's use. People in this country had find  it to be more convenient to use as a payment currency. currently, Btc is the currency of the future where most of the Filipino people will consider not just for payment transaction but also for investment purposes where it could yield good return of investment.

It is good to read such news about how the Philippines is now adopting to the bitcoin. I would like to add to your given statement that the Philippine people also have a faith and believe now in the power of bitcoin unlike before. They are now interested in knowing the hows of it and the blockchain. As a matter of fact, some places are conducting a seminar regarding the cryptocurrency and blockchain in Philippines.

Now if a third world country like the Philippines can adopt and embrace something like Bitcoin, I don't see any reason why the more advanced and developed countries could not do the same. The reason for this is simply political. Adoption of an innovation like cryptocurrency shouldn't be a problem really because crypto in a sense offers a lot of benefits. But there are also a lot of reasons for adoption to be difficult...and one is political (Does greed make sense?).

This is really expected, because most of thw Filipinos really support this one and I hope they will have great regulations on the possible exchanges in the Philippines. This is gonna happen around the world, we are getting there slowly but surely.

Wow, first time to heard of this and i hope they will add more Bitcoin ATM that are scattered all over the archipelago. I hope that this trend will continue to make Filipinos more aware of the use of bitcoin in the economy.

Fortunately,  in my country, it enable us to join in  bitcoin .There are many ATM 's bitcoin , that make us easily to exchange . MOreover , many tech giant has applied bitcoin as a method of payment , and many exchange for bitcoin work really effectively

It's a good news on that Philippines is a economic country just like neighborhod country Singapore it seems the government is regulate the laws about bitcoin. Slowy adoptions of bitcoin could easily catch up the people in the philippines of what bitcoin do and how could make it. Let's hope other country will recognize bitcoin as a legal.

Yes you're right because I myself is a Filipino and I am seeing the changes that is happening to my country in terms of adopting to bitcoin and not just bitcoin but to other cryptocurrencies available such as ethereum and etcetera. Before the doubts in this type of business or sort of thing is very high that they would never attempt to know that it really is and what it can do but now, even though there are still some doubts but many have erase those doubts that they started to be curious with it that is why when they have understand it, they started investing. I think it is only a matter of time that it will be a nationally recognized here. Me myself before is not that interested with but things changed when I have seen the effects of bitcoin and other cryptocurrencies to my classmates.

    We can see that there are so many changes now in adopting bitcoun than before. I think not only in the Philippines has this kind of scenario if all about bitcoin. Before people are too scared and afraid to use and engage in bitcoin but now people are well informed and educated about bitcoin that makes them to adopt bitcoin easily and use it in different ways like online investment and mode of payments online. Bitcoin is really great.

That Bitcoin ATM is been there for a lot of years now but from the looks of it, I don't think it is not that usually used unlike other countries that you can see every day making a line to Bitcoin ATMs.

Yes, a lot of people know about Bitcoin and other cryptocurrencies but not all of those people want to be part of it or to invest on it since they are scared of being scammed. And that is the misconception of the people to Bitcoin, they think that Bitcoin and other cryptocurrencies are scam but they are not, these scammers are just making Bitcoin and other crpytocurrencies as an escape pod to take all the money of their investors.

wow philiphine have the good step for make a bitcoin is work 100% in their country, i hope all country in t he south east asian like thailand, singaprore, indonesia can do the same with philiphines

This is a great information. Maybe I will take a trip here and try to use my bitcoin at the deals here, no longer have to worry about fiat conversion.

Philippines Bitcoin adoption should be put on a pedestal so that every other country could see Bitcoins potential in the real world. Kudos and love to Philipines.

Phillipine's adaptation to bitcoin is a truly a examplary work. Letting people pay with bitcoin in stores, school fees, plane ticket is truly amazing.

Phillipines adopting bitcoin through letting its people but everyday goods with bitcoin in the shops, paying fees in the schools and lastle airlines is added to the tally. Bitcoin gets a perfect stage to show the world what can be done with its decentralized system and still having no issues.

Phillipines have done a wonderful job in making bitcoin popular in the country. People are buying their necessary goods using bitcoin. It's a great example for other countries.

I am glad to hear that Philippines is adopting Bitcoin. I am confident that the government pursues right policy in this new area of economy. As a result, the overall demand for crypto currencies is likely to increase, and we see positive movements of the BTC price on global crypto exchange markets. Best wishes to the Philippine nation.

Wow that was nice move for philliphines bitcoin can making a very good impact for theor economic in their country

Me too I'm from Philippines I am happy that my country are are open minded about the new technologies of cryptocurrency. The government regulate the laws cause they see the good impact of cryptocurrency a good oppurtunity to gain more profit to help people to become successful.

Yes, Philippines starting to accept the third party policy for bitcoin transactions. They also form an anti money laundering team to monitor each transactions if the crypto company has given a license to operate in the Philippines. Setting of regulations to protect the users and investors in the Philippines.

I really applaud the country, Philippines is a country that is also a lot of connoisseurs of bitcoin, they have done a bit of bitcoin accepted by the country, and the results are very suitable for what they expect. Give a loud pat.

It is very nice to see such positive trends in the development of bitcoin implementation in your territory. In Europe, unfortunately, everything is not so smooth, but compared to what was even 5 years ago - this is a huge progress. Thank you for the information: I propose to update the topic with the emergence of new changes regarding bitcoin and cryptocurrency in the Philippines!

I think this is good news for Philippines! I know that the economy and wealth for them are actually on the low as of now and the inflation rate is indeed annoying, hence I think the adoption of BTC would definitely be a big help to them. and for their economy.

This has been established for a few months ago, And I am seeing the people here are already adopting bitcoin, But the majority I guess only knows to buy and sell the platform. Some others didn't even have knowledge of the blockchain.

Most of the people in the Philippines are not doing well in terms of quality living. This can help them in attaining financial stability. I only hope though that they'll be in it because of the tech first, then the price. 

As Filipinos started to learn  financial literacy,  we also begin to explore how to save, earn and invest money beyond border of what is offered in traditional way. Younger gen are now more open about stock trading, insurance and ofcourse cryptocurrency.

My mother works for the government and there are no signs of any regulation as of now. The Philippine government is just telling the people who uses cryptocurrency to be aware of scams and make sure we do our transactions properly and wisely.

Glad to hear the philippine government have accepted cryptocurrency and also made an atm machine for a transaction support. Now the Philippines are free to make many transactions and I hope to see Philippine will be the best example for others country to open cryptocurrency.

Thanks to the Philippines government to accept and make a good environment to deal with bitcoin, an atm machine have been installed for making transactions easily. That's why the Philippines adopting bitcoin without facing trouble as they are free to use bitcoin for doing the transaction.

The Philippines are adopting Bitcoin and cryptocurrencies and in fact, there are some cryptocurrency exchanges that are set to operate or already operating within our country (https://bitpinas.com/cryptocurrency/list-cryptocurrency-exchanges-philippines/). This fact is a proof of an ever-growing Bitcoin and cryptocurrency adoption here in the Philippines.

Happy news for the Filipinos, also big applause for the government who gave green signal for this wonderful technology. Feeling and taking care of the countries people is good as they have to give instructions as their responsibility, things go beyond then it's on their own risk. Well this is how the government should do.

As other Asian countries accept crypto, the Philippines has also accepted crypto. I hope many countries instead of banning it accept it because the special bitcoin can help the community.

I am happy because my country philippines are adapting bitcoin and they did not against to the bitcoin i hope philippines will continue to accept and adapted bitcoin to help millions filipino citizens and other filipino in the whole world for sure my country will have more projects about bitcoin soon and that's good for bitcoin community .

In order to understand how the bitcoin works, the government should open their mind first and read the whole concept of bitcoin. The Philippine government have already opened their minds for cryptocurrencies and is fast becoming one of the crypto friendly countries in Asia by allowing some fintech companies to put their business in one of the economic zones. The central bank already gave licenses to some crypto exchanges to operate inside the countries.  

Great to see the Philippines are adopting bitcoin unbelievably which is a good sign for a country to develop its economy. All this happened due to the government's green signal to the transaction cryptocurrency legally. So hopefully the Philippines will be a good example to legalize bitcoin for others Asian country.

There is a wide range and fast adoption in Philippines specially when it comes in globalization. A lot of Filipinos are already part of the change, there are crypto enthusiasts which are actively joining in cryptocurrency investment. I like the way Filipino accept this changes and I am glad that I am part of it also.

we know that in a Philippines, any technology that can provide transparency, security, and efficiency when processing transactions is very important,

and the largest bank in the Philippines adopts blockchain technology, they even have plans to create business relationships with blockchain based in the United States.

so, I think the Philippines has good potential to create bitcoin for the better.

The Philippines government has taken a very sensible approach to bitcoin etc, and this has along with the very enterperial attitude of the people will I am sure in the future result in the Philippines being a leader in the adoption of bitcoin/crypto, and an example to other countries both in the region and further afield.

not only bitcoin, but also this country become friendly to the crypto world. Cryptocurrency cycles in the Philippines are very stable and always go up with a conversion of $ 40 million every month.

that is, public enthusiasm against crypto which is supported by the government of Pilina has a good influence on the country's economic development.

and the Philippine government believes that they can regulate, control crypto growth and avoid the risks.

Bitcoin here in the Philippines is scary as horror films because there is lot of scammers some got away and some are in jails.

Our Central bank is very supportive in terms of adopting blockchain technology but I just hope that everyone will enjoy this technology. Right now, the banking industry still not allowing their employees to engage in any cryptocurrency, well I know this will not last forever since Philippines is progressing in terms of adoption.

Philippines can really be a great place for a cryptohub, and hopefully no more hidden agenda between banks and the government and finally accept cryptocurrency as a legal technology/currency.

A developing country such as the Philippines adopting bitcoin is a testament to the fact of how universal the concept of cryptocurrency is. No matter what size the country, regardless of power and influence. Crypto does not discriminate and will be beneficial to people from all walks of life. Do you agree?

Such a good news for bitcoiner in Philipnines, It is so happy that Philipnines accept bitcoin. Hopefully there will be more countries accept bitcoin like Philipnines.

Many people in the phillipines are already adopting bitcoin because of the pretty good investment of it and the good transactions are so smooth to have. But not to get scam or to experience about to that so scared and worry about.

It is also a new form of payment and that also influences the Bitcoin price. I really like the way Bitcoin infiltrates our daily lives. It seems that developing countries are catching on to this new technology and they will have huge economic returns when using blockchain technology. My country has not yet adopted Bitcoin, but there are quite a few Bitcoin users every year and I'm proud of it.

A lot of automated machines nowhere in the Philippines you can buy bitcoin instantly because bitcoin is not banned here and a lot of people using bitcoin nowhere but not all companies here accepting bitcoin like grocery stores or Malls, but we can easily encash money from automated teller machine the money that we wanted to encash and how much do we want in an instant.

This is good news!.. it only means that we are growing in terms of technology and this is  a good sign too that we are progressing as a nation, transaction then can be made easy and big companies will benefit from it and hopefully this will continue until all filipinos accept and use bitcoin as part of their daily life.

Bitcoin's popularity is fast growing in the Philippines and it really gives income for those jobless individual and because of its ability to make money even greater than a salary of corporate job then it encourage others to focus on crypto and quit their current corporate job, I think its good that the Phil. government adapt bitcoin for it helps a lot of our people since its always been a reality that unemployment is the main problem in the country and bitcoin earnings is a great help.

The philippines have been friendly to the cryptocurrencies and other blockchain related technologies and this is one of the reasons why the monetary authorities did not banned it since the beginning. The government has instead welcome some crypto companies to set up their business in one of its economic zone. Several crypto exchanges are also available for the coin holders and investors.

Yes dude it also affect the positive standing of bitcoin in the philippines because of scammers. Philippine government setting the regulations for only licensed companies to eliminate money laundering and easy money activities.

The Philippines hardly adopted bitcoin because Filipino people tend to seek for the outcome first before venturing into this kind of investment. As Bitcoin is fast growing and becoming productive, the adoptation of the Philippines is rising tightly.

To me it sounds that the Philippines is doing much better than most of the countries at adopting Bitcoin as method of payment.
There are numerous ATMs in the UK but not so much places where you could buy food with cryptocurrencies, correct me if I'm wrong guys.

although there are acceptance by the commercial establishments here in my country which is Philippines it does not mean that the government has already regulate the bitcoin industry, I can only say that it is legal if the banks accepts client with the crypto as the source of income, although the payment method using bitcoin is a good indication that the country accepts bitcoin it is better if the government will lead the acceptance rather than small business establishments.

I think for now adopting bitcoin here in the Philippines is only in a minimal stage because we can use it in not so many ways. Because all we know that small business stablishment cannot upgrade or innovate their system to make bitcoin accepted as payment. Only the big and progressive company will accept bitcoin as a payment and investment like in paying load and other bills and money remittance. But I think it is a long process that Philippines will fully adopt bitcoin because it will happen when more business stablishment will innovate and the acceptance and regaluzation of government will be apply.

Honesty, I still don't see any efficiency in this case, most likely what also happens is, it only applies in a number of locations in big cities and not as a whole, whether merchant owners benefit if they receive bitcoin payments if after a few days the price of bitcoin is going down?

I think crypto is a chance to people from Philipines to get out of poverty. Though to start any business with crypto will also cost money and investments that many citizens can't afford in Philipines. Looks like in this case it will be more the opportunity for the rich people, and poor people will stay the same poor. Hope it will still make some positive impact on people that are on the streets.

Large scale roll out of bitcoin and other cryptocurrencies will occur in these kinds of countries first, just look at south America-Venezuela. I believe these countries will benefit more

Yes sir you have a point but bitcoin is for everyone. We can eliminate that through.
1) Helping them to get a job and the salary will be in the form of cryptocurrency.
2)Sharing of information and knowledge specially to the poor people.

It's a long way to go before we can get through it. But i think it will be beneficial to poor people that they have their own business, all they can do is to nurture it aside from that it will also promote bitcoin usage.

That is a great news to know that even a small country located on the South East Asia is already taking into adaptation with this new type of currency. Slowly but surely, people are now taking small steps on recognizing and knowing its worth to be used in many ways as possible just like what the bigger countries who uses Bitcoin and other existing cryptocurrency within the market. So far, so good that people are now realizing the efficiency cryptocurrency can provide to everyone and I can't wait to see how other countries who still not into using Bitcoin will soon get to engage with this and let them explore into this new type of currency that can provide exceeding cqpabilities than what we expected.

Philippines really welcomes bitcoin with open arms.Bitcoin  gives  opportunity many Pinoy which lead to opening  an economic zone dedicated to blockchain technology the Cagayan Crypto Hub. The completion is high with other countries to this new exciting technology and Philippines is doing their share too.

You can  read updates on Philippine Fintech news here

https://www.facebook.com/FintechPhilippines/

I can't deny that most of community in the Philippines are now aware about in bitcoin, in fact, in the exchange they have which is coins.ph it is already accepted Ethereum, Bch and Xrp as payment whether in remittance or cash in for the banks. So I do believed time will come it will become more attractive later for the community of this country about crypt's and bitcoin.

Many cryptocians are from the Philippines many people use it as payment and also a another income. Filipino is fast leaner about everything so I think many people in the Philippines will be successful in crypto.

This country uses really all opportunieties that bitcoin gives

Bitcoin adaptation in Philippines was not good and popular as of today. It's good thing to know that some Filipinos are now in crypto currency and that's really a good sign that Philippines is having an open mind of what bitcoin really is all about and how it can change the financial scale and improve economic stability. I gave credits to the government that really pushed and accepted bitcoin and believing the ideology of it.

i think of my knowing since bitcoin is well accepted by the philippines and because of that many want to earn and work even if not fulltime yet atleast you have income and many profits and benefits that we get. for me a bitcoin is the best crypto in the world.

Venezuela is a dying country when they adapt bitcoin and accepted this open hands,but the Philippines is a different issue
Asian countries are now welcoming cryptocurrency specially bitcoin because of the technology behind this,and thats blockchain..
Looking how japan welcomes this currencies are more reliable reason than Venezuela and south america

It needs more time that it will happened. Adopting bitcoin needs first to be accepted wholely by the country such as the government. For now there are companies and bayad center who accepts bitcoin payment which is a sign that sooner or later bitcoin will be accepted in the Philippines.

The government already accept it. Small merchants in makati and bitcoin ATM was established also in makati. Government will regulate by forming anti money laundering team to monitor all transactions and allowing only companies that given a license to operate in the philippines. This ensures the are not just adopting it but to protect investors and users. Hopefully they will start giving a salary in the form of bitcoin so that bitcoin will spread to the whole country.

Pinoy goverment doesn't accept Bitcoin and drugs dude, i don't know where you get that information they will let Bitcoin free but currently it was illegal just like drugs in Philipines.
Adopting Bitcoin isn't that easy.

I think the Philippines has done its best by accepting Crypto as one of the payments and can even be used as a sale and purchase of goods using bitcoin, of course this is very good news and will be able to push up the price of bitcoin. philippines by accepting bitcoin.

 it is great to see your country adopting Bitcoin widely. I hope my country will do the same as our economy is not doing well.

I'm proud to see your country can adapt bitcoin very easily, and I'm sure the people there are very technologically aware. Hopefully this will continue to other countries.

This only mean that we the Filipinos are willing tl learn and are open for new opportunities  and possibilities not only to earn but to learn though earning profit is one of the major reason why we are one of the member of this forum but knowing that Filipinos are very positive about this is such a great news for me.

How can you say that dude ? Bitcoin is growing in the philippines without the use of mainstream media. Media gives negative comments on bitcoin due to it was used to scam people.
And how come many people engaged to bitcoin mining ? And how come the security bank accepts bitcoin without the permission by the government?
Just do your research dude and dont get fall on Hoax news by the media.

Philipines congratulations to you all. Your country is now fully cryptolized.  The Philippines will be more empowered through cryptocurrency and your country is fully into cryptocurrency to the extent of having retailers accepting crypto for settlement of transactions and even BTC ATM machine already operational in your city. This is awesome. My own country is not even talking about blockchain which the people in government knows next to nothing about crypto. Time will tell.

Philippines , although not so advance country but they are fast in adoption of bitcoins and technology. Due to this, they will soon become one of the strongest country.  More countries are also adopting the bitcoins but few are still looking to ban the coins which will not benefit those countries themselves.

I believe that even if our beloved country, Philippines is running at a slow pace in regards to economic growth, most of the people in our generation are already tech savvy and are curious and interested about ways on how they can conveniently transact smoothly using BTC as mode of payment and as an investment as well. Mass adaption will take place in our country within the next few years, it is very exciting.

Unfortunately, my country has absolutely not implemented a blockchain and a cryptocurrency and is rejecting it in every possible way. Thank God mining was not banned

I am glad that my country which is Philippines adopt bitcoin. I know that many filipinos nowadays already know bitcoin and crypto but they still need to research about bitcoin so they can easily learn bitcoin. Some of them are getting interested on investing like my friends when I first introduced bitcoin to them. Its nice that our government accept bitcoin in our country because I know it will give a lot of benefits to us.

It is good to feel that we, Filipinos are adopting Bitcoin and using it in mode of payments for any transaction. But, Filipinos should research about it before investing. It will be a big help for them because Bitcoin's not a joke, so people who will the interest to invest in it will be knowledgeable enough as the it goes by.

Well, Makati city is only city that accept bitcoin in exchange in their product. Having bitcoin atm is more good idea because in the our country which is Philippines most of the people have their problem on how they withdraw their bitcoin into fiat. I think if there will be more bitcoin atm I think we can really say that Philippines fully adopt cryptocurrency.

Many countries have become bitter as an official payment method that proves that many countries have loosened their policies with bitcoin.

Philippines has made a great step forward in adopting Bitcoin. With such positive tendencies, the country can influence its neighbors to follow their lead. Finally, the government started to realize the benefits of adopting cryptocurrency. This is the example for every country.

How proud I am to see this news to my very own country where people really knows how to use bitcoin effectively and not only for individual's sake but for everybody's sake especially for less fortunate people because they use bitcoin to reach them and help them for their needs. I hope that bitcoin awareness in our country will continually increase.

Right.Hopefully all Filipinos will be aware of bitcoin's potentials so they will be more interested in utilizing it.I know the people in this country are very open to learn and accept what's the new technology might bring.So with this,once mass adoption for bitcoin takes place,the economy of the country will soon to progress too.

Philippines is one of the country who start to adopt cryptocurrencies. I think the best move that they could do is to allow people to use it. As a person who have cryptocurremcy I am glad that we can see the development and adoption of cryptocurrency like bitcoin.

this is great news for the cryptocurrency world as it goes to show more people and countries are accepting and adopting the use of bitcoin and cryptocurrency. I sincerely do hope other countries will see this and also adopt and use cryptocurrency and bitcoin use too.

That is what setting up a future looks like, there is really no instant growth behind and the Philippines is looking for the opportunities the cryptocurrency industry have. If you look at them you will see that Cagayan Economic Zone Authority already taken up a 100 million $ investment which will be allocated for two years, even without any instant cashflow going to our country this is a step closer for economical growth. Aside from it other ICO projects also see the Philippines as a new market for hungry investors so we might see another market growing in our country.

well I have always known time will come when countries will start accepting and adopting bitcoin use. I believe soon other countries will follow Phillipines and start using bitcoins for all forms of transactions.

What fast food accepts the bitcoin for payment?
I never tried it and i want to use my BTC.
I know the ATM at Makati but it will collect a huge fee.

There is CEZA in Cagayan supported with cryptocurrency, mainly NEM
The pride of the Philippines in Cryptocurrency is LOYALCOIN a soldOUT ICO.

Been teaching my filipino partner how bitcoin works today.

He is optimistic.

Same here in my country.  My Govt. is always looking to ban the bitcoins.  :(

I've  never heard  this   before  :o   thanks a lot for  sharing  ;) We  hope  that  all cities  will adopt   the  new currency  which  is the bitcoin  and other  crypto currencies  :)  as  well  all malls  and  other establishment   ;).

      This is a good news to hear that a small country adopting Bitcoin the new type of currency that developing countries are using in the market . From adopting Bitcoin we understand that this small country people are getting aware of Bitcoin and cryptocurrency the digital currency so we can wait and see for the adoption of Bitcoin. .

The is good news to the Phillipines and am sure this is going to have an impact on their national economy and am sure my country will have to do same.

The Philippines looks like a great place for travelers, millennials and entrepreneurs to share their wealth with the citizens. I'm sure Bitcoin is quite popular there.

I am sure there will be more countries that follow the Philippines to accept bitcoin, at least in the tourism zone because the use of bitcoin can increase transactions between merchants and tourists who make visits, thus resulting in increased revenue from the tourism sector.

For now bitcoin is still new to the filipino's and still they afraid to involve on bitcoin activity they think if you are bitcoin user you are scammer or do an illegal activity that's why a few filipino understood the wealth of bitcoin could do.

Love the Philippines. This place is characterized by freedom and friendliness to everything new. This included Bitcoin. I think this is the right decision. With the help of Bitcoin, the Philippines will be able to move even further in terms of economy.

I think malaysia slowly adopting it well . mostly private enterprises like ATM Bitcoin and exchange plus some merchant both offline and online

This is very nice to hear. I am sure that this makes great impact and will give the best example of usage for bitcoin in every country. I believe that the Bitcoin ATM's are very important for raising the usage of bitcoin. We have still no bitcoin ATM in our counrty and we are waiting of it. Also paying services and the food chains bitcoin usage is very important too. It shows us that the Philippines will be the one of the leading country about the bitcoin.

I think so too the Philippines uses crypto which is not famous and that makes the bitcoin coin from there the Philippines adopts bitcoin which is useless to me so and that is also the best way to thank you

this is amazing, i am glad a phillipines have accepted and adopted the use of bitcoin. it goes to show the world wants bitcoin and it will only take a short time before we see so many countries accept and adopt bitcoin for use

Yeap. Philippines actually adopting bitcoin little by little. I hope that some stores will also use bitcoin as their payment method in receiving money aside from debit cards from different banks. Philippines have their legit app where you can store and use your bitcoin in cashing out and topping up your mobile phones or even pay bills payments online.

I don't know the extent to which Bitcoin is used in the Philippines, but I always think that most Southeast Asian countries are crypto-friendly countries, such as Singapore, Malaysia and Indonesia, where there are many crypto enthusiasts and Many small exchanges.

I live in the Philippines and I don't think it is helping that much.

I think it's been years since the cryptocurrency, Bitcoin was legalized in our country and still now small population in our country only uses it. I am not saying that they are literally using it but earning and investing it. We have a popular exchange called coins and the users thought they are using Bitcoin to pay their bills even though they are not really doing that. The exchange or coins is responsible for converting their Bitcoin in their wallets into fiat and that fiat is being paid in their wanted places or platforms like Steam or other financial bills.

Well this is great for the Philippines, the only thing that they need to do is to influence everyone around there that BTC can actually help, and that is what I think the main problem is, we just really to have to convince them that BTC is real and that Bitcoin ATM in Makati City can be proof that BTC is legitimate.

Its a great opportunity for filipinos. As far as I know there are some stores in the Philippines that accept bitcoin for payments. It is a big help for filipinos who don't have job , it can also help the economy of the country. Bitcoin is open for everyone who wants to invest unless it was banned in your country. I hope that many countries from Southeast Asia finally accept and adopt bitcoin in the future.

Cheers to that. Remittances will be the key driving factor in the country where this is a big part of the economy. Also due to the number of people using online it’s also better for merchants to use it.

Great and good to heard on that news for the phillipines
They believe that's bitcoin are useful currency and to help for the economic growth speciall for the poor people
Bitcoin contribute for the charity institutions and can use easier to buy and convert into fiat authozed by the bank

Wow the Philippines never cease to amaze with their vast adoption into crypto currency, right from airdrop and bounties now they have kicked off with such a good start in making bitcoin easy to use in their country..

Actually in Philippines bitcoin is legalize, The government is preparing for a big change and it's on our way to use digital money. We have a lot of start ups company that requires to study the field of blockchain and some schools applies to learn blockchain courses, with this kind of sequence im so proud of my mother country that will change the way of life of filipinos. #LonglifeBitcoin

phillipines adopting bitcoin is a plus to the cryptocurrency and bitcoin community. it goes to show bitcoin acceptance and usage is growing and with time we will see other countries adopt and accept bitcoin for usage

i don't say that people in the Philippines are scammers, but most of them have an intention to do it to a new ones who haven't encountered crypto, so there's a lot of reports about being scammed and they also think that it can easily earn in bitcoin just like doing a job which is different because of having a less of time and effort just to earn though.

The adoption of bitcoin around the world is progressing and many big companies are also to hse the cryptocurrency despite its price depreciation. The Philippines are among the countries that are considered cryptocurrency-friendly becahse the government itself welcomes blockchain and fintech companies to establish their businesses in this southeast asian nation. The Philippines can now establish itself as one of fintech hubs in asia in the future.

I see Asia, the Philippines including the countries that have a positive impact on Bitcoin at this time, a good sign for cryptocurrency for Asia, especially Fillipine, I am sure that in the future Bitcoin in the country will be good and develop all over filiipine, I hope other countries likeneighboring countries can better adopt Bitcoin for people and countries, especially ASIA.

Wow this is very nice to see how even the Philippines have succeeded in using bitcoin as a digital currency to pay for goods. I was just curios though as to how people in the Philipines have adopted the use of bitcoin. Is the use of bitcoin now for selected products and stores only or almost on any store and products? 

The Philippines has a crypto friendly leader who although a bit controversial appears to be doing some good things for the country. Reducing crime with a no nonsense policy, and not pushing bitcoin forwards. Good times for the Filipino people

at first i thought that asian country are more stricker than others  because i heard a lot of news on the past that china , korea , india , etc were all restricting the use of cryptocurrency  . in the case of philippines im already aware about thier terror president but its nice to see that he gladly accept bitcoin  .   anyway ,   this is a good jump start about the adoption  for cryptocurrecies  and lets hope that this country can push their support  , so that many people can now have a confident to invest  .