Philippines starting to accept and adopt cryptocurrency.

[ylnar123]

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 is not a big idea for our country to accept cryptocurrencies, and hopefully government will totally support and help spread the use of crypto in the society.

[darkangel020716]

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.

Really? Do you have proof on this can you share so that we can read or see? I've just know that they have coin it was loyal coin I didn't inform that they have 5 cryptocurrency that was accepted, but I see on coins.ph wallet they have btc, eth, xrp and bch so that other one is loyal coin?, and can you give the company name? Thank you!

[Furious 7]

I am very happy because this is a strategic area in Southeast Asia. hopefully there will be an event that can encourage this region to get to know bitcoin and blockchain technology. Indonesia maybe next, hopefully.

[traderethereum]

I hope that the other country in Asia will follow the Philippines to accept and adopt cryptocurrency and when this is happening, the cryptocurrency will grow fast in Asia country and it will go for the other country in the world. I think the world is ready to accept cryptocurrency and they cannot deny the existence of the cryptocurrency because cryptocurrency can give many benefits to their people and perhaps, the country will get some benefits too. I cannot wait to see the cryptocurrency accepted in all country

[EllieBasti05]

The first company who was approved in the Philippines was,

Betur Inc. known as Coins.ph which was given a license september  2017.
Second is the Rebittance Inc. was also approved Oct. 2017
The third one is Blossoms solutions approved last May 2018.
Etranss and Virtual Currency Philippines Inc approved also this year who was supporting bitcoin and etherium.

It's nice to know that after receiving negative comments due to investments scam last year, the government continue to accept companies to operate. It is the start of the digital currency era in the phils.

I will post this for the second time.
This is the names of the company who was granted a license to operate in the philippines.

I hope that from 5 companies it will increase to 10 next year. I see others dont believe it because of negative publicity of mainstream media this year. Bitcoin is adopted in the philippines in 2013 but it was not announced in public and operating silently. Kindly search Bitcoin.ph in facebook to see filipinos generating a bitcoin miner and use it as a business.

[ice18]

I hope all other countries is open to every innovation especially in financial aspects like accepting digital currencies which is slowly entering into our everyday activities and adoption will continue without having problems into regulations, we need to rely in technology to stop abuse in financial systems we need digital currency. 

[jamids]

I hope all other countries is open to every innovation especially in financial aspects like accepting digital currencies which is slowly entering into our everyday activities and adoption will continue without having problems into regulations, we need to rely in technology to stop abuse in financial systems we need digital currency. 

While some countries are still hesitant in accepting cryptocurrencies, some countries are welcoming it with open arms which is a good thing because we need acceptance which would eventually lead to mass adoption. I believe that one day, other countries that banned cryptocurrency would eventually change their mind if they can see that the thing they are afraid of can be addressed by doing some specific measures that would prevent the people from using the cryptocurrencies in illegal means.

[Lumi3004]

I think about the Philippines that adopts cryptocurrency is very good for the development of the Philippines.
Hopefully for other countries, especially ASIA, they can also take positive examples of crypto for their respective countries.

[drumamat]

I am generally pleased with any news that ultimately will have a positive effect on cryptocurrency in general. And the news from the Philippines is the first bells for adoption cryptocurrencies by other countries. The movement is gaining popularity. Cryptocurrency is inevitable.I'm just sure that very soon all countries will look positively towards cryptocurrency and its legal use

[Ekimzjames20]

Nice when have country want adopt and accepted bitcoin as transaction payment where will make other country doing the same thing for accepting bitcoin as transaction payment, will be easy and many member know about bitcoin and trust with cryptocurrency for investment.

It is a big news for all bitcoiners in the philippines, that there country open in blockchain technology.  It is a good start for bitcoin to become more on currency than investment.

[arpon11]

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.

Nice to hear this and one by one all the countries will start to used bitcoin and other cryptocoins as a mode of payment for goods and services. Blockchain technology has help Japan to expand their financial markets and if other countries that are in one financial crisis now will adopt blockchain technology in resolving it they is no way they will not come out of it. We are at the time when technology is ruling and blockchain technology is one of the most transparent systems that any financial institutions can used. Phillipines has taking right step here and we should be happy they do.

[sinkfish]

I think about the Philippines that adopts cryptocurrency is very good for the development of the Philippines.
Hopefully for other countries, especially ASIA, they can also take positive examples of crypto for their respective countries.

if Philippines success, the rest of the SEA country will soon race to beat Phillipines as well. most of the SEA and East Asia country are no loser country. it become a trend to race to become the 1st, or be the best. You know, typical Asia parents mindset.

[TheGreatPython]

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 is a good news that Philippines is open to adopt the innovation happening in modern world especially the blockchain technology and the cryptoworld. We can see a lot of opportunities to earn money in cryptos that can also help the country's economic growth. More people have chances to deal and invest with these cryptos cause the government believe and trust cryptos.

They just needed to understand how things works inside the blockchain and what crypto really all about, there's a lots of room to grow for this industry and each countries who able to adopt and fully used the system can get a bigger edge as if being implemented correctly it can really help the economy, usage of the system can be performed inside the government.

It is actually a very good thing for the Philippines entirely as this is a good move by the government to at least make the country a very crypto friendly space, judging from the way they have been doing things lately.

At least, with things like this, the chances of seeing more adoption within this space, taking a look at how other countries might end up seeing its positive effect on the Philippines economy, then, we will get to see more countries trying not to get left behind. I am pretty impressed that countries like this are taking the bold step to make something out of the space for their own growth in the long run.

[Mirendabaen212]

Hoping it country gets access to more cryptocurrencies and blockchain technologies. This might be one of the foreground for the future of cryptocurrency.

[AccidentalTuber]

This is a great news for the cryptocurrency world that a country is trying to adapt to the new technology. Hope this inspires a lot of investors and other countries too.

[BusyShows]

Asia is a huge market for business and it is vital that bitcoin establishes its ground firmly in this market. Asis can boost up the necessary growth bitcoin needs for its maturity. Although major players like India and China took a strong stance against bitcoin while creating their own cryptocurrency respectively, I think they would eventually come to sense and follow the footsteps of much smaller nation like the Philippines. Well done folks out there.

[Jeroiswen]

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.

[MarjorieZimmermanGinger]

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

[Betwrong]

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 no doubt about that. In the future all countries around the world will adopt blockchain technology on various levels because it is so efficient not only in economic sector but in many other fields too. Right now, unfortunately, scam ICOs exploit those ideas in order to fool people, but the ideas are right by themselves, and adopted on a governmental level they can make economic situation in any country much better than before.

In recent times there have been quite some positive news from Philippines regarding crypto adoption, and I'm glad for the country because such steps can surely make the life of its citizens better.

[miltonpogi]

Good thing another country like the Philippines starts to accept Bitcoin and now adopts it for the use of the country. With that, I think other countries would be encourage to adopt Bitcoin too as it helps a countries economy to grow in some way.