Bitcoin Use In Philippines

[knowhow]

well the huge step had been taked already shops could atract several people worlwide,i would travel if i could pay in bitcoins my hotel buy food and some things .

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[Emerge]

So we are dealing with a situation where mass adoption could take place and the expected crowd is around a 100million which is a lot. The only issue here is limited resources. A great growth hurdle can be achieved when work on resource accomplishment is processed. Issues like lack of internet could cause a great discomfort.

The expected crowd isn't around 100 million since a big portion of the population does not have access to internet/gadgets to use Bitcoin.
It's great since the remittance market in the country is really big, and so the use of Bitcoin could be pretty beneficial to many workers in
the Philippines or Overseas Filipino Workers

[rbscebu]

The biggest hurdle to overcome in getting bitcoin accepted by the masses in the Philippines in an education problem. I have introduced bitcoin to over 20 Filipinos. They are interested but the first question they ask me is "how does it benefit me better than cash?".

Cash is currently king in the Philippines.

Yes, the Philippines has a population of 100 million or more, but most only deal in cash, unlike more developed countries where digital money (credit/debit cards) is much more common. Two things need to happen in the Philippines for bitcoin to take off with the general populous.

• Educate the public about the advantages of bitcoin for them - the individual.
• Get bricks-and-mortar businesses to start accepting bitcoin for payment.

Neither of these two things will be easy to achieve. The present development of bitcoin within the Philippines will be limited to remittances.

I am not of the ordinary. As a professional engineer, all of my clients are overseas. I receive about 25% of my income in bitcoin. I keep about 5% to 10% of my ready-cash reserves in bitcoin and spend most of my bitcoin overseas (SE Asia) when travelling.

[knowhow]

well it will start to change slowly the same way with internet before just some used it then started to grow and well nowadays we cant live without it

[Scamalert]

I heard that 10% of the money comming into Philippine economy is relatives sending money home to their families. Think how simple and convinient it would be if they used bitcoin. Also 10% of Philippine economy is huge compared to current bitcoin volume. So all Philippines, if you have relative send home money to help out, please ask for BITCOINS!

[harizen]

I heard that 10% of the money comming into Philippine economy is relatives sending money home to their families. Think how simple and convinient it would be if they used bitcoin. Also 10% of Philippine economy is huge compared to current bitcoin volume. So all Philippines, if you have relative send home money to help out, please ask for BITCOINS!

I think it's 30-40% if Im not mistaken. There's so many OFW in Philippines. Money remittances peaks during Christmas Season.

[Emerge]

I heard that 10% of the money comming into Philippine economy is relatives sending money home to their families. Think how simple and convinient it would be if they used bitcoin. Also 10% of Philippine economy is huge compared to current bitcoin volume. So all Philippines, if you have relative send home money to help out, please ask for BITCOINS!

I think it's 30-40% if Im not mistaken. There's so many OFW in Philippines. Money remittances peaks during Christmas Season.

Services like Coins.PH and Rebit.PH serve this purpose!
Slowly even students in the Philippine Science High School are discovering
Bitcoin as students base projects and researches on Bitcoin

[Dotakels]

I heard that 10% of the money comming into Philippine economy is relatives sending money home to their families. Think how simple and convinient it would be if they used bitcoin. Also 10% of Philippine economy is huge compared to current bitcoin volume. So all Philippines, if you have relative send home money to help out, please ask for BITCOINS!

I think it's 30-40% if Im not mistaken. There's so many OFW in Philippines. Money remittances peaks during Christmas Season.

Services like Coins.PH and Rebit.PH serve this purpose!
Slowly even students in the Philippine Science High School are discovering
Bitcoin as students base projects and researches on Bitcoin

They are open minded about adopting and using bitcoin as a currency and as a transaction, its a great help to them and to all students in the philippines because they can earn bitcoin from this forum and also its a great help introduce bitcoin into the students like them.

[Scamalert]

I heard that 10% of the money comming into Philippine economy is relatives sending money home to their families. Think how simple and convinient it would be if they used bitcoin. Also 10% of Philippine economy is huge compared to current bitcoin volume. So all Philippines, if you have relative send home money to help out, please ask for BITCOINS!

I think it's 30-40% if Im not mistaken. There's so many OFW in Philippines. Money remittances peaks during Christmas Season.

Interesting, so while others countries has a negative cashflow in import/export at christmas, then has Philipines a big positive cashflow.
I like Philipines, they work hard for their familiy, not active stupic, polite and dont make problems. I welcome their workpower

[knowhow]

well there is already people sending bitcoins to family for sure soo they can convert it and get more money and will become more popular.

[Emerge]

I'm from the Bitcoin Organization Philippines, feel free to ask me anything if you have questions regarding
the developments of Bitcoin the Philippines. Just PM me as I'm pretty busy with a lot of things

[pinoyyid]

I'd like to invite all Bitcoin enthusiasts to join the founding meetup of the Ethereum community in Manila.

http://www.meetup.com/Manila-Ethereum-Meetup/events/223656096/

Because of the background of Ethereum, this will be particularly relevant to those with a background in Bitcoin. However, one of the key aspects of Ethereum is that it's more than just about crypto-currency, in fact it's a whole new approach to developing web applications (and is why it's now being referred to as "Web 3.0"). So this should also appeal to traditional front end developers, who can build applications on Ethereum using familiar technologies.

In this first meeting we'll look at:-

- What is Ethereum?
- What problems does it solve?
- Mining Ether for fun and profit.
- What is a Dapp and how do I write one?
- What is the Ethereum roadmap?
- What are the business opportunities?

We'll discuss each of these at an introductory level. In future meetups we can go into more detail, including hands-on sessions.

Thanks to the Ethereum guys in London, I have a small number of Ethereum polo shirts (mighty fine they look too), which I'll distribute. If Ethereum explodes in the way many in the industry predict, these could become tomorrow's heirlooms :-)

I'll update this meetup with the venue once I have some idea on numbers, but it will be somewhere between BGC and MOA.

[harizen]

I'd like to invite all Bitcoin enthusiasts to join the founding meetup of the Ethereum community in Manila.

http://www.meetup.com/Manila-Ethereum-Meetup/events/223656096/

Because of the background of Ethereum, this will be particularly relevant to those with a background in Bitcoin. However, one of the key aspects of Ethereum is that it's more than just about crypto-currency, in fact it's a whole new approach to developing web applications (and is why it's now being referred to as "Web 3.0"). So this should also appeal to traditional front end developers, who can build applications on Ethereum using familiar technologies.

In this first meeting we'll look at:-

- What is Ethereum?
- What problems does it solve?
- Mining Ether for fun and profit.
- What is a Dapp and how do I write one?
- What is the Ethereum roadmap?
- What are the business opportunities?

We'll discuss each of these at an introductory level. In future meetups we can go into more detail, including hands-on sessions.

Thanks to the Ethereum guys in London, I have a small number of Ethereum polo shirts (mighty fine they look too), which I'll distribute. If Ethereum explodes in the way many in the industry predict, these could become tomorrow's heirlooms :-)

I'll update this meetup with the venue once I have some idea on numbers, but it will be somewhere between BGC and MOA.

Dont have any idea about Ethereum. I lived @ near BGC.

[Emerge]

I'd like to invite all Bitcoin enthusiasts to join the founding meetup of the Ethereum community in Manila.

http://www.meetup.com/Manila-Ethereum-Meetup/events/223656096/

Because of the background of Ethereum, this will be particularly relevant to those with a background in Bitcoin. However, one of the key aspects of Ethereum is that it's more than just about crypto-currency, in fact it's a whole new approach to developing web applications (and is why it's now being referred to as "Web 3.0"). So this should also appeal to traditional front end developers, who can build applications on Ethereum using familiar technologies.

In this first meeting we'll look at:-

- What is Ethereum?
- What problems does it solve?
- Mining Ether for fun and profit.
- What is a Dapp and how do I write one?
- What is the Ethereum roadmap?
- What are the business opportunities?

We'll discuss each of these at an introductory level. In future meetups we can go into more detail, including hands-on sessions.

Thanks to the Ethereum guys in London, I have a small number of Ethereum polo shirts (mighty fine they look too), which I'll distribute. If Ethereum explodes in the way many in the industry predict, these could become tomorrow's heirlooms :-)

I'll update this meetup with the venue once I have some idea on numbers, but it will be somewhere between BGC and MOA.

Dont have any idea about Ethereum. I lived @ near BGC.

Then you should probably go there and learn about it mate.

[fox19891989]

I'd like to invite all Bitcoin enthusiasts to join the founding meetup of the Ethereum community in Manila.

http://www.meetup.com/Manila-Ethereum-Meetup/events/223656096/

Because of the background of Ethereum, this will be particularly relevant to those with a background in Bitcoin. However, one of the key aspects of Ethereum is that it's more than just about crypto-currency, in fact it's a whole new approach to developing web applications (and is why it's now being referred to as "Web 3.0"). So this should also appeal to traditional front end developers, who can build applications on Ethereum using familiar technologies.

In this first meeting we'll look at:-

- What is Ethereum?
- What problems does it solve?
- Mining Ether for fun and profit.
- What is a Dapp and how do I write one?
- What is the Ethereum roadmap?
- What are the business opportunities?

We'll discuss each of these at an introductory level. In future meetups we can go into more detail, including hands-on sessions.

Thanks to the Ethereum guys in London, I have a small number of Ethereum polo shirts (mighty fine they look too), which I'll distribute. If Ethereum explodes in the way many in the industry predict, these could become tomorrow's heirlooms :-)

I'll update this meetup with the venue once I have some idea on numbers, but it will be somewhere between BGC and MOA.

Dont have any idea about Ethereum. I lived @ near BGC.

Then you should probably go there and learn about it mate.

O guys cool, I am working in Manila metropolitan area, I live near BGC too, but I am very busy with my job, so I won't have time to join the meetup there, what a pity that i can't see you guys.   But good luck, guys, have fun there.

[harizen]

Then you should probably go there and learn about it mate.

Will wait for his event schedule update. I will give it a shot. Hope it will land on weekends so that I can able to attend and of course it must free to enter

[Emerge]

There are also weekly meetups with the Bitcoin Organization Philippines every Wednesday in Makati!

[harizen]

There are also weekly meetups with the Bitcoin Organization Philippines every Wednesday in Makati!

Really? Where in Makati? I worked @ Ayala near Makati Med.

[tensports]

Its amazing why Philippines people's don't trust on their bank system is there is any restrictions to opening bank account in Philippines?

[Emerge]

Its amazing why Philippines people's don't trust on their bank system is there is any restrictions to opening bank account in Philippines?

Not really much restrictions on opening a bank theres still the risk of the usual freezing and such. Everyone would rather decide what they do with the money honestly.