Philippines starting to accept and adopt cryptocurrency.

[Gabali126]

Cryptocurrency transactions has been on the rise in the philippines.

They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.

With the current government administration they are starting to adopt and build even in the technological infrastructure.

In more years to come the country will be more open to blockchain technology like japan and other countries.

I have actually seen several threads regarding this. It is good to see this high rise of crypto adoption in the Philippines. Their government has been supportive too right from time.

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[bisdak40]

Cryptocurrency transactions has been on the rise in the philippines.

We can't deny tha fact that the number of Filipinos engaging in cryptocurrency is on the rise probably to hunt that elusive money that which every Filipino want to have.

In more years to come the country will be more open to blockchain technology like japan and other countries.

I hope so, blockchain technology could change the way transactions is made today in the Philippines. It could surely reduce corruption in the government as it will be transparent and fast. Politicians will be having a second thought on this one  .

[Indai24]

Cryptocurrency transactions has been on the rise in the philippines.

We can't deny tha fact that the number of Filipinos engaging in cryptocurrency is on the rise probably to hunt that elusive money that which every Filipino want to have.

In more years to come the country will be more open to blockchain technology like japan and other countries.

I hope so, blockchain technology could change the way transactions is made today in the Philippines. It could surely reduce corruption in the government as it will be transparent and fast. Politicians will be having a second thought on this one  .

Yes. Philippines started to accept cryptocurrency because we find it very helpful and beneficial not just for our economy but for making our lives better.

[PlusOne88]

If countries will be joining cryptocurrency market, it could be a sign that it has made its way into the public. Cryptocurrency exchanges and other shops or business using cryptocurrency cannot stand alone or exist without the users or clients, therefore this would only suggest that it could have made its way to the public. What was lacking now is the idea that we should use it more to allow growth and demand for cryptocurrency. This will help in the recovery of the cryptocurrency market soon.

[Quidat]

Cryptocurrency transactions has been on the rise in the philippines.

They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.

With the current government administration they are starting to adopt and build even in the technological infrastructure.

In more years to come the country will be more open to blockchain technology like japan and other countries.

Can you provide a link for this news?

I know that Asia would positively accept the wisdom of cryptocurrency though some are not due to their political problem but anyway, it is a good sign that,  that country doesn't have a problem with the cryptocurrency as they were like following the lead of Japan in order for them to successfully achieve what's Japan has been started.

[MintCondition]

If countries will be joining cryptocurrency market, it could be a sign that it has made its way into the public. Cryptocurrency exchanges and other shops or business using cryptocurrency cannot stand alone or exist without the users or clients, therefore this would only suggest that it could have made its way to the public. What was lacking now is the idea that we should use it more to allow growth and demand for cryptocurrency. This will help in the recovery of the cryptocurrency market soon.

It's a good thing that many accepts wallet and the process of bitcoin it gives for fast transaction. If country will not limit it then many possibilities can develop.

[cintamoni]

Accepting Bitcoin and Cryptocurrency will benefit the Philippines, so I think this is a good option for the country. If you do not take it, then I believe that your country will not be able to keep up with the big countries because they are always in the lead for accepting change.

absolutely right and this is very good news for all of us, so with this news hopefully big countries can accept and adopt bitcoin and other crypto properly. because with so many countries receiving crypto like bitcoin it can be a good way for bitcoin to develop in all countries in the world well

Glad to see that Philippines take step and become a part of crypto currency world. Those people who are living there are the luckiest people they can use bitcoin to buy whatever they want.

[johnine]

Cryptocurrency transactions has been on the rise in the philippines.

They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.

With the current government administration they are starting to adopt and build even in the technological infrastructure.

In more years to come the country will be more open to blockchain technology like japan and other countries.

Yes, Phillipines already accepted bitcoin because of the people who earn on it.Most of the filipinos encourage to enter in cryptocurrency until they know how to manage, invest and have a transaction on this.

[zhea]

It is a great to have this kind of news for the Filipino people here knowing that it is very hard to convince people from the Philippines to study/adapt bitcoin or cryptocurrency. The impression of ordinary Filipinos towards bitcoin is not good as they associate it towards scam. It would help if could provide some link to the article OP.

Politicians will be having a second thought on this one  .

Why do you think so mate?

[strunberg]

Cryptocurrency transactions has been on the rise in the philippines.

They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.

With the current government administration they are starting to adopt and build even in the technological infrastructure.

In more years to come the country will be more open to blockchain technology like japan and other countries.

Yes, Phillipines already accepted bitcoin because of the people who earn on it.Most of the filipinos encourage to enter in cryptocurrency until they know how to manage, invest and have a transaction on this.

its good news for cryptocurrency community around the world.but unfortunately it didnt give big impact yet to cryptocurrency market today.maybe market still waiting another good news.

[geberger]

So good to see Philipines now getting more serious towards crypto. This kind of news is what we expect and hope other countries will start to do exactly that.

I wished my country too adopt such things and technology. Only the governments who really care about their countries future, take such steps for the overall betterment of the country.

[MTNAX]

This is good news considering that bitcoin can be beneficial to its users, with the acceptance of bitcoin in the Philippines it will make the people there become better economically. If we are good at processing it, we will succeed.

[Cherylstar86]

Cryptocurrency transactions has been on the rise in the philippines.

They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.

With the current government administration they are starting to adopt and build even in the technological infrastructure.

In more years to come the country will be more open to blockchain technology like japan and other countries.

Yes, Phillipines already accepted bitcoin because of the people who earn on it.Most of the filipinos encourage to enter in cryptocurrency until they know how to manage, invest and have a transaction on this.

its good news for cryptocurrency community around the world.but unfortunately it didnt give big impact yet to cryptocurrency market today.maybe market still waiting another good news.

It's good to know that Philippines is open to this new idea, and hopefully that it will be fully-developed. Admittedly, only few percentage of Filipinos are aware of what Bitcoin is and others seem to be hesitant as there is no formal education and set up of discussion to what this technology is all about. I'm positive that it will gain more trust from the public and will be widely-adopted not only in the Philippines.

[@Mhaiang]

Thanks goodness my country is also embracing the blockchain technology. I am glad we're one of the countries in Asia who support bitcoin despite other big countries are banning them.

[t3ChNo]

This is great news! Hopefully other countries can see the advantages in accepting cryptocurrencies and follow suit.

[Yaunfitda]

This is great news! Hopefully other countries can see the advantages in accepting cryptocurrencies and follow suit.

Yea, definitely this is a great news for every Filipino. I can say that the government is really progressing in every aspect and I'm glad the current government of Duterte although his policy is very harsh and controversial, he seems not to be bothered by this crypto revolution and all those in the seat seems to be welcoming it, so what a surprised. If countries progressive nation will just follow what Asia is doing, then crypto will go to the next level and will be globally adopted in about 5 years.

[heleng05]

I agree. Some establishments that are near in my house are accepted bitcoin and you can even lid your wallet through them. And I think it would more popular to some of my Filipino fellow to learn in using it in their daily basis. I think that the adoption of online currency here will be more easier than the other countries.

[Janation]

I agree. Some establishments that are near in my house are accepted bitcoin and you can even lid your wallet through them. And I think it would more popular to some of my Filipino fellow to learn in using it in their daily basis. I think that the adoption of online currency here will be more easier than the other countries.

It will be efficient if that will be the same thing to me, but it is not. I am also a Filipino but I don't live in the Urban zone in which there are a lot of people that know and use Bitcoin.

I am living in the Rural zone of the country. Most of people don't know what Bitcoin, they don't even know what Crypto currencies are and who Satoshi Nakamoto is. If that will be the same with my place, that will be great since I will be able to use my BTC in the daily basis but on the second thought, I think it is better to save my BTC rather than using them.

[jojowar]

The Phillipine Government has already approved foreign fintech company engaged in blockchain technology and it will be establish in Cagayan Economic Zone, northern part of the country.

[gostop]

This is good news. I am surprised that countries with small land areas are the first to accept cryptocurrencies. This may be related to the population. A country with a large population needs a long process.