First sorry I do not speak Tagala Tagalog.
Hi, my friend Steamtyme,
Welcome to Philippines Local Board!
Cryptocurrency in the Philippines needs more businesses to adopt and more on educating people on how cryptocurrency works. Most people here can easily be manipulate by FUD, which makes it more difficult to accept cryptocurrency as a whole. Major hindrance on how we can fully penetrate the Philippine’s market are those vast scam(s) project, some tech idea like “scam coin” that hope will get adopted and used as a platform, which ended up as major scam. I hope merchants of all types will soon be using and will be accepting more cryptocurrency here, just like other countries, those coins and tokens too will soon be use for payment processing adoption, which BTC has grown massively already, thanks to the lightning network.
As to converting cryptocurrency to fiat currency, majority of Filipinos used coins.ph (5 million Filipinos and still counting), which only convert BTC and ETH to PHP as of the moment.
Volatility can affect your propose remittance service, e.g., Steamtyme remitted worth 10,000PHP at the time of remittance activity to theyoungmillionaire, however, when theyoungmillionaire received the remittance it went down to 7,500PHP due to its volatility and some conversion fee. Nevertheless, you can try it, mate, and I am sure you can find some ways that might work.
I commend your offer service on helping OFWs, my friend. Good Luck!
See you around.