Philippines starting to accept and adopt cryptocurrency.

[EllieBasti05]

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.

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[Bunsomjelican]

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.

It's a nice thing to know that Philippines now are becoming more open into Bitcoin and crypto currency business. Also this is a good news to all crypto enthusiast who lived  in the country. Moreover, some of the banks in this country are now doing the adoption of cryptocurrency like Unionbank and PNB also are planning to do the same thing for what the unionbank did.

[h0lybyte]

In philippines there were already some licensed crypto currency exchanges, wallets and other platforms dealing with crypto.
It is good to know more governments are allowing their people to adopt crypto without any severeness, this act will also encourage other governments towards crypto adoption

[btc_angela]

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.

Yup, Philippines is very friendly to crypto and they have this exchanges coins.ph who's the number 1 trading platform, AFAIK. And with another 5 in the pipeline, there's no doubt that they're positioning themselves to be a global crypto hub so that's a good news for all Filipinos who's into crypto.

[Pxiquaqa]

concratulation, i am happy hear that, what coin president suport?

[basyang]

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.

wow its good to hear about that. Philippines are now accepting cryptocurrency. Its good to the economy of the Philippines to have a transaction like this but I think it is not legal but they are free to have a transactions. Hopefully, in the future they will follow the steps of japan and south korea to be open about crypto market because many opportunities will come to the citizens of the philippines.

[dewildance]

Countries are slowly warming up to the idea of crypto money. Some countries have acted more quickly and have made serious progress. The first one will provide more advantages.

[Ararbermas]

 Yes Philippines starting now to accept crypto currency but selected area only not the entire Philippines , and base on my research as of now bitcoin can be use only as a payment method through fast-food  and selected groceries aroud manila. But it's a good start , because for sure in the near future more filipino will adopt cyrpto currency because of being so useful and friendly used especially when it comes withdrawal, sending money and buying goods.

[the13thsymphony]

It is a good thing that the government and its people in the Philippines are very welcome and interested in cryptocurrency even when some are trying to make it as a pyramid scam(a news that I have heard at the start of the year). I even heard that the famous boxer and senator Manny Pacquiao is starting to make an ICO of his own though I doubt it will be popular. But the idea of cryptocurrency and its exchanges is pretty much accepted in the country.

[EllieBasti05]

Based on news the growth in the first and second quarter of the year is very excellent. So we are expecting more this 4th quarter.

And the anti money laundering team will regulate and watch the transaction tightly to prevent the dirty money.

This is good to protect the investors and companies from possible hacking and system sabotage.

[GDragon]

It is very good news to us, as a filipino and a supporter of cryptocurrency. In fact manny pacquaio planning to create our very own crypto coin. See,  this is only the beginning of the growth of our country when it comes to this field.

[maculeth]

I think crypto focus does have to be in Asian countries, because Asian countries have considerable enthusiasm in crypto and most Asian countries are not conflict states that will not affect crypto too much.

[engrshu]

We can see the digital currency has bright future ahead of us, and it's a great to know how the Philippines - our country - is adopting it really well. Not just the value, but the usage of crytocurrency is too vast and wide. Hoping all filipino will have a deep knowledge about it soon.

[tweetbit]

concratulation, i am happy hear that, what coin president support?

Even I appreciate as a Filipino for congratulating our country for being more open to cryptocurrency, I will not tolerate such posting (not spelled correctly) without checking your wording and doesn’t even bothered on its outcome.

To answer your question, Our President is neutral about crypto and doesn’t have direct political agenda with it. He is a man who values more of what best and that can help its people. Can’t be controlled by the financial officials or more importantly by oligarchs.

    

My president can’t be poison by MONEY 💰  

[BrewMaster]

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

i believe that eventually we will see majority of countries in the world do the same thing as Japan did last year and adopt bitcoin with ease but unfortunately this may take a couple of years since there is still a lot of resistance against adoption of something decentralized.
we are on a good path though. with most advanced countries already showing positivity towards bitcoin.

[Zadicar]

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

i believe that eventually we will see majority of countries in the world do the same thing as Japan did last year and adopt bitcoin with ease but unfortunately this may take a couple of years since there is still a lot of resistance against adoption of something decentralized.
we are on a good path though. with most advanced countries already showing positivity towards bitcoin.

There would really be a resistance yet we know decentralized things should followed governments laws before they would be adopted.Good to see these positive steps but
I doubt they do accept this for the sake of taxation.I don't really see the need of having lots of exchangers on PH. They approved 5 exchange as of now but basing on the current number of users
in that country it is really just too much.

[Isuk]

That's a great news, this condition is good for the growth of crypto in Phillippines. I think this condition will make crypto more popular in Phillippines. We are waiting for the other countries to start accepting crypto so the market of crypto will be better.

[Cryptomilz]

Absolutely some heart warming news and great gain for crypto generally. I wish other countries of the world could just take a cue from the Philippines and adopt crypto massively. It would result in a more healthy ecosystem and more people will tend to invest in the space.

[charlotte04]

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.

This is very nice since I am here and I could freely use cryptocurrencies without the fear of getting caught or something. Some of you that are in other countries that forbids crypto should live and go here because you can live freely and getting rich by using crypto is easy and also things here are so cheap.

[tomahawk9]

I think crypto focus does have to be in Asian countries, because Asian countries have considerable enthusiasm in crypto and most Asian countries are not conflict states that will not affect crypto too much.

For now, yes, the main focus of the cryptosphere should be Asia. But since some asian countries have already started to embrace cryptocurrencies making the adoption phase arrive sooner than we expected in those countries, I wouldn't be surprised if the countries outside of Asia are just simply waiting to see how cryptocurrencies perform on countries with a tight regulatory framework to see how things develop on a major scale.

Depending on how this new asian cryptocurrency boom develops in the long-term (most likely either Japan or South Korea will become the mecca for cryptos), the focus of the market will shift to those countries and govt that are still hesitant to embrace cryptos.