BTC payments in PHILIPPINES

[Buttermellow]

BTC is accepted here in the Philippines as a form of payments because of the government efforts to embrace cryptocurrency and of course with the regulations promolgated in the use of it. As we all know that cryptocurrency could be use to any illegal activities doing transactions so what government done was promoting rules and regulations that includes KYC that has different levels depending on the transactions being done. The more crypto being involve the harder KYC procedures will involve.

[regnidorhcs]

Yes, that is a great news, that there are establishments in the Philippines that accepts Bitcoin as their mode of payment. Hopefully more and more businesses will be able to do so once Bitcoin is legalized in our country, Philippines. As of the moment that it is not yet legalized or regulated, we just have to be more careful and smart so we will fall as victims of some scammers and fraudsters.
 

[freakdust123]

I've just visit Philippines to have an vacation. I glad to know that Philippines accepting Bitcoin as payments, like Mr. D’s Artisanal Sundries i buy prepared smoked and cured meats, such as bacon or corned beef and i pay BTC it's so very nice that Philippines is belong to the Cryptoworld  

Yes, i can say our country is accepting bitcoin,  since there are stablishedments were built and used BTC as payments, there are even convinience store that uses BTC as their main Payments.

[Psychee]

The first time I've heard about this, but Socratus is already known as an honest crypto project

[senne]

There are a lot of Philippines present at this forum also and now this news indicates that Philippines is taking quite an interest in crypto currency and will surely support this system in the future. I believe that such good news only will help the Bitcoin to grow more and become more powerful and force countries like China to lift ban from Bitcoin and other crypto currencies. Bitcoin payments will surely help in accepting payments easily and securely.

[Lalafell]

The Central Bank of the Philippines (Bankgko Sentral ng Pilipinas), then the BSP, which officially regulates the local Bitcoin exchanges, as the money transfer companies, has recognized Bitcoin as the legal method of payment.

We are happy now cause our government Philippines recognized bitcoin as payments we can convert bitcoin money into cash in the local bitcoin exchange, coins.ph. here in the Philippines many investors here are glad.

[Tashi]

I've just visit Philippines to have an vacation. I glad to know that Philippines accepting Bitcoin as payments, like Mr. D’s Artisanal Sundries i buy prepared smoked and cured meats, such as bacon or corned beef and i pay BTC it's so very nice that Philippines is belong to the Cryptoworld  

I'm glad that you've liked that the Philippines has some stores that accepts Bitcoin already. Stores in the Philippines have already recognized using online payments, digital and of course, Bitcoin. I can see that in years time, more stores will allow it as a mode of payment

[solkinsolali]

I've just visit Philippines to have an vacation. I glad to know that Philippines accepting Bitcoin as payments, like Mr. D’s Artisanal Sundries i buy prepared smoked and cured meats, such as bacon or corned beef and i pay BTC it's so very nice that Philippines is belong to the Cryptoworld  

This is very wonderful. I am so glad that you are giving this testimony of BTC usage in a country out of live experience and not based on assumptions or hearsay. BTC is really moving forward. Congratulations to the Philippines. 

[ansarose1]

I am glad to know that there is bitcoin payments herebin the phillipines, thanks for this information and i hope that there are many merchants to come that accepts a bitcoin payments. Bitcoin now is fast approaching to all people, its charisma is great that it is introduce to all country and known to the people.

[0t3p0t]

You've just visit the philippines? So what country you came from, based on your post history you're a local of philippines, right?
But hey, that's a good thing, if the store is using any other wallet or merchant I guess sending money would take for several minutes unless they used coins.ph and there client as well, so btc/fund will be transfered instantly without waiting of any confirmation.

It could be that OP is an OFW or some sort of dual citizenship. Regarding the topic I love it to hear about local merchants that offers  services and accepts Bitcoin payments. I never heard this locally but good to know it here in this Bitcoin community. I believe that Bitcoin will be getting big in the near future  not only in the Philippines but also arround the world as adoption continue to surge.

[lotsky123]

It's nice to hear that there are merchants somewhere here in the Philippines which are now already accepting bitcoin as payment. My brothers and sister are now living in Manila somewhere in Taguig City and for sure that merchant is not too far from their residence. So it could find time to pay a visit to my relatives there, I will surely drop by in that merchant to taste their foods and pays it with bitcoin to know if they are really accepting it.

[Ethan Argu]

Yeah some its good to know that country is accepting bitcoin i hope they accept payment using bitcoin especially for tourist that goes in the philippines. They have many tourist attraction in there i hope they accept bitcoin like thailand, indonesia and other countries.

[Dannaey]

I've just visit Philippines to have an vacation. I glad to know that Philippines accepting Bitcoin as payments, like Mr. D’s Artisanal Sundries i buy prepared smoked and cured meats, such as bacon or corned beef and i pay BTC it's so very nice that Philippines is belong to the Cryptoworld  

I'm glad you find a merchant that offers bitcoin payment here in the Philippines. If I remember it correctly Artisanal Sundries is located in Makati City. Not only that, there is also Wirin Cupcakery and The Bunny Baker that offers bitcoin payments. My only advise is to always be cautious for bitcoin is still not regulated in the Philippines just to avoid scam.

That's very nice to know that Philippines are really part of cryptocurrency system and not like just part of it because this is the of the country's that early implementing bitcoin as a terms of payments on some industries, establishment or stores all over the world even it's not already legalizing bitcoin in their respective country. Thus, I'm really agree to the idea that we need to be still careful because there's a lot of scammers that sorround everywhere.

Being in a third world country, it is good to know that the Philippines is making its way to adopt such changes. I am not familiar with that place since I am not always wandering around in Makati, but I do know that our government is not against in cryptocurrency.

[aryaadikariyansyahsuwarto]

hearing that story I also feel happy, maybe this is the way bitcoin has started to look bright and bright, and maybe there are many countries that have implemented it, hopefully it happens. And if that continues to happen then bitcoin will become more popular and the price will rise again ...!

[cryptokitty]

I've just visit Philippines to have an vacation. I glad to know that Philippines accepting Bitcoin as payments, like Mr. D’s Artisanal Sundries i buy prepared smoked and cured meats, such as bacon or corned beef and i pay BTC it's so very nice that Philippines is belong to the Cryptoworld  

Woow!  That is great!  Such a great news to us. It means a lot because bitcoin is now spreading in different country.  In the future we will be seing a big percentage of btc users all over the world.

[alyssajane1982]

hearing that story I also feel happy, maybe this is the way bitcoin has started to look bright and bright, and maybe there are many countries that have implemented it, hopefully it happens. And if that continues to happen then bitcoin will become more popular and the price will rise again ...!

Well this is a good news but hoping that the governments will not announce regulations on how bitcoin will be using in the country also taxes are next to implement once they notice that they will be able to earn profit there

[mr_enoc]

Nice one for the Philippines.  Steping stone for a good technology.  It means that the Philippines is always ready for technology change.  Such a great news.

[chenczane]

I've just visit Philippines to have an vacation. I glad to know that Philippines accepting Bitcoin as payments, like Mr. D’s Artisanal Sundries i buy prepared smoked and cured meats, such as bacon or corned beef and i pay BTC it's so very nice that Philippines is belong to the Cryptoworld  

I'm glad you find a merchant that offers bitcoin payment here in the Philippines. If I remember it correctly Artisanal Sundries is located in Makati City. Not only that, there is also Wirin Cupcakery and The Bunny Baker that offers bitcoin payments. My only advise is to always be cautious for bitcoin is still not regulated in the Philippines just to avoid scam.

It is good to know that there are shops here in my country that offers bitcoin payment. This is a proof that bitcoin is now being popular, not only in other countries but also here in the Philippines. You're right, we have to be careful to avoid people from scammers.

I am from the Phillippines. Thank you for your feedback about your experience here in our country. Bitcoin was already regulated by the Central Bank of the Philippines that's why some shops or merchant accept bitcoin as payment. We also have a digital wallet, coins.ph. It also can be used in many transactions. And for the scammer thing, I do not deny that. There are many scammers in the country. They are doing that because they want to earn money in the dirty way and easier way. Just be careful next time.

[bling-bling]

This is no longer a surprise really because there are now a lot of establishments and companies around the world that accept crypto as payment. And the number consistently grows. It is just a matter of time when we will see that majority of the nations around the globe will be accepting and patronizing crypto just like fiat.

[babysweetTiger0401]

I've just visit Philippines to have an vacation. I glad to know that Philippines accepting Bitcoin as payments, like Mr. D’s Artisanal Sundries i buy prepared smoked and cured meats, such as bacon or corned beef and i pay BTC it's so very nice that Philippines is belong to the Cryptoworld  

May I know what Business food industry which you discovered that bitcoin accepted as payment? Even anyhow there some Filipino's out there are open into crypto world and Bitcoin world. They have also an exchange where they can exchange Bitcoin, Ethereum, Bch, and Xrp to their fiat as well which is coins.ph.