Bitcoin Forum
July 07, 2024, 10:09:22 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 [2]
21  Economy / Economics / Re: Philippines Welcomes Fintech Companies on: May 27, 2018, 03:16:21 AM
We are a proud supporter of Fintech Companies, as a matter of fact we have put up an economic zone where Fintech companies can establish and grow their business there, enjoying tax incentives.
Welcome aboard!!!

Excerpt from news clip

"Saad Rizvi, the co-founder and chief executive officer of Coinbundle, recently met with the National Secretary of the Philippines to finalize the exchange’s registration through CEZA, the Cagayan Economic Zone Authority – a special economic zone offering a number of tax incentives to companies operating in the country’s emerging fintech industry.

“This agreement is a huge win for CoinBundle and will enable us to go to market rapidly and help our users to begin saving and investing. We’re also excited to contribute to the fintech ecosystem of the Philippines and create new jobs here,” Mr. Rizvi said.

Coinbundle is one of fifteen fintech, blockchain, and cryptocurrency companies that are set to invest in CEZA, alongside Hachiman Technology Sdn BHD, MX Exchange Ventures, IPE Global PTE, Inc. Superieur Tech Pte. Ltd., CSM, Madison Blockchain Strategy Investment Company Ltd., Asia Pacific Blockchain Association, Pacificnet Strategic Investments Ltd., SuperAngels Ventures Ltd., and ANX International.

CEZA administrator, Raul Lambino, has welcomed the partnerships, stating: “Working with virtual currency companies allows the Philippines to gain momentum in providing an environment that encourages financial innovation and inclusion, while ensuring that the best interests of the country, the financial system, consumers, and investors are adequately protected. This new development aims to drive the economy forward by creating employment opportunities and boosting job growth. The Philippines will be ready to provide cryptocurrency companies operating here with the manpower they need for their businesses.”

I am from the Philippines and this is a great news. It is a good thing that this kind of business was allowed by the government. Thus, it is a good sign that crypto business will continue to grow here in our country.
22  Economy / Economics / Re: Digital Money = Cashless Society on: May 26, 2018, 09:34:33 AM
It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Bitcoin is a part of digital money. How is digital money is your country ??

People in my country are slowly adopting the online transaction because of its convenience. But paying through cash still exist because not all people have credit cards and not all establishments adopts with online payment. So physical money is still in demand. On the other hand, I haven't heard establishments who are already receiving Bitcoin. Probably this will happened sooner.
23  Economy / Economics / Re: Economy in your country on: May 25, 2018, 10:03:11 PM
An economy is a zone of the production, appropriation, or exchange, and utilization of merchandise and enterprises by various operators. Comprehended in its broadest sense, 'The economy is characterized as a social area that underlines the practices, talks, and material articulations related with the production, utilize, and administration of assets'. Monetary specialists can be people, organizations, associations, or governments.
Economy in my country is not doing good. A newly imposed tax law was implemented. And the actual impact to the economy is the increase of cost of the basic commodities. This turns out that the poor will be having more difficulty to sustain their family's needs. With this scenario, we need to find another option to earn. And crypto is a good one, which offers a lot of opportunities.
24  Bitcoin / Bitcoin Discussion / Re: What is the reason why we really need Bitcoin? on: May 23, 2018, 11:55:44 AM
Why do we really need Bitcoin?
I am a secretive and confidential escapee. I hate keeping money in safes with passwords or depositing money in banks that fear bank bankruptcy. I need bitcoin, will no one have control over my bitcoin account, unlike other electronic money systems, you may be locked account, frozen property. With bitcoin you own the private key, with a separate bitcoin address. No one manages and controls accounts outside of you.
And you?




We need Bitcoin because it provides good opportunity to earn an additional income. This will compensate to our family's needs and probably later on some of the wants. This is a good medium to uplift the financial status of an individual.
25  Bitcoin / Bitcoin Discussion / Re: When is a good time to buy? on: April 26, 2018, 03:55:10 PM
I think the good time to buy bitcoin is during dumped price and sell when it rises again.
Simple way to earn profit.
Pages: « 1 [2]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!