A new group in China was created 6 months ago and it was aiming to connect chinese consumers to Global Market through the use of Bitcoins. It is not clear yet how they will operate but this seems promising. I hope Philippines will adopt this kind of business idea to uplift the business economy of the citizens. With this at hand if successful I believe that other countries will soon follow and this may lead to bitcoin more increase in monetary value as price will skyrocket once again.
Would you mind sharing the source for this information? I know the Chinese have been rumored to shift their local currency into Bitcoin as a form of capital flight, but we have not seen any real evidence of that. ^hmmm^
A new group in China was created 6 months ago and it was aiming to connect chinese consumers to Global Market through the use of Bitcoins. It is not clear yet how they will operate but this seems promising. I hope Philippines will adopt this kind of business idea to uplift the business economy of the citizens. With this at hand if successful I believe that other countries will soon follow and this may lead to bitcoin more increase in monetary value as price will skyrocket once again.
Chinese already have access to US dollar via bitcoin. Go to Polonix, bring BTC, trade for USDT. Chinese and PH can buy as many dollars as they like this way. You can sit and wait on those dollars, or you can change back to BTC. It's fast and easy. They also can send those USDT the exact same way to send Bitcoin - anywhere in the world for almost nothing in fees. That is powerful. USDT is exactly like bitcoin - but its dollars.
One USDT is always one dollar. Hehe so USDT is not changing? Well IMO though it will affect btc's price. I think it will contribute to bitcoin's current pumping power and because of them bitcoin will go to the moon.
The value is pegged to the dollar, so no matter how much is bought, it should in theory always have that same amount of dollars in a bank account somewhere. ^smile^