How Phillipines adopting BITCOIN

[frchowe214]

It is hard to buy fast food with bitcoin as the transaction times are too slow. Perhaps the food in philipenes is fast but the queuing time is long. Good place for a holiday though

[Seeker#9]

The use of bitcoin in the Philippines continuous to go up and more filipinos are becoming of the new currency that is circulating in the internet. Mainstream bitcoin adoption in this southeast asian nation is rising at an exponential rate, thousands of users, workers and Filipinos abroad are starting to utilize bitcoin to settle remittance payments, utility bills and send payments at lower costs through the use of local bitcoin exchanges. The Philippine government are also looking for some ways to expedite the full adoption of bitcoin and other cryptocurrencies in the future.

[suprex333]

It turns out your government is indeed brave to provide this golden opportunity, this is a good and beneficial development. Only hope that neighboring countries can do the same thing as your country. Slowly will be able to give that opportunity to bitcoin.

[kryptojetzt]

Great news for Phillipinos 

I wish my country also accepted Bitcoins

we can do nothing but hope for it

[marsadmsmg]

This is my first time to post here. Philippines adopting cryptos has a huge benefit not because it will help Philippine economy grow but to help its people to earn even with a small amount of money

[cc80aa]

   Mainstream btcoin adoptions in the Philippines is rising at an exponential rate.As million of user local employees and expat pilipino are starting to utilize bitcoin to settle remittance payments, utility bills,and send payments at lower cost.
   
    After securing $10million in the early stage funding, at the forefront of bitcoin innovation and adaption in the country.The mission and ù the coins development and operating team have beento try to provide easier and more convenient methods of payment for local users
 

[Phantomberry]

I'm from Philippines also and i believe that government are positive on cryptocurrency and they are regulate the laws about it.

[Siren]

BEFORE:

Negative impact on the economy as per the past government.
The remittance market is increasingly $26 Billion annually which is rank no. 3 in the world.
Charities has limited reach internationally because of high transfer fees.
Unqualified merchants to accept digital currency.
10% transfer rate from fiat money.

NOW:

You can now purchase goods using a bitcoin in some small online merchants.
Availability of Bitcoin Atm located in Salcedo Street, Makati Philippines.
Bitcoin as donations given to the charities reaches internationally
Pay services using bitcoin.
Buy foods and drinks in the fastfoods in the philippines.
Lastly, increasing and growing numbers of people using bitcoin in the philippines.

This is how our country adopting a new technology, How's yours? Please share with us.

You forgot to mention that there is also a Bitcoin ATM in baguio city or if you don't have any idea about this

Asian countries are starting to fully adopt bitcoin and other legit cryptocurrency,it is going many countries like thailand and Singapore,japan and others while Philippines has no direct order about cryptocurrency but the government has no negative approach in regards this matter

[felicity06]

It is a great opportunities for all people living in Philippines that they can passively adopted cryptocurrency especially Bitcoin as a source for everything. We can deny that cryptocurrency is one of the most demanding source in terms of money around the world. that's why this may affects our society and at the same time economy.

[Carrelmae10]

..it is good to hear that Philippines is now adopting Bitcoin,,as far as i know many Filipinos are engage in Bitcoin and are now using the crypto market..thumbs up to all Filipinos who put their effort in adopting Bitcoin as part of their daily lives..but sad to hear that many Filipinos were scammed using Bitcoin as their mode of operation in deceiving people just to earn money..

[nydiacaskey01]

Yes I see that there's a growing number of Bitcoin users here in the Philippines however the question is how do they treat Bitcoin, how do they look at it. Are they looking at it a payment option? Or they are looking at it as an investment only. For the past 3 years, I haven't seen a merchant in the City where I live that accepts Bitcoin as a pay option. What I am looking at it is people in the Philippines look at Bitcoin as an earning opportunity to them. They earn from sponsoring someone to join or sign up in a exchange site and after claiming the reward, nothing follows.

[lobster88]

Well, I was one of the people and citizen of this country - the Philippines. I am one of those that later was have a negative thought about Bitcoin but as the days and years goes by, it lets me clear my mind and let me see of what Bitcoin truly is. And moreover, adopting to Bitcoin makes for me too easy because as I keep on engaging to it, I cam see more and lots of good opportunities ahead of the crypto currency community using Bitcoin crypto currency.

[Ruffian1314]

It is really good to hear that filipinos are becoming positive now in bitcoins even though not all of the population but people who are joining crypto is increasing every year. It means that more filipinos are learning cryptocurrency. I hope that more people will join crypto and increase every year not only in the PH but all around the world.]

[Naughty Princess]

BEFORE:

Negative impact on the economy as per the past government.
The remittance market is increasingly $26 Billion annually which is rank no. 3 in the world.
Charities has limited reach internationally because of high transfer fees.
Unqualified merchants to accept digital currency.
10% transfer rate from fiat money.

NOW:

You can now purchase goods using a bitcoin in some small online merchants.
Availability of Bitcoin Atm located in Salcedo Street, Makati Philippines.
Bitcoin as donations given to the charities reaches internationally
Pay services using bitcoin.
Buy foods and drinks in the fastfoods in the philippines.
Lastly, increasing and growing numbers of people using bitcoin in the philippines.

This is how our country adopting a new technology, How's yours? Please share with us.

It is good that Philippines is one of the country that early to accept bitcoin. Many are benefitted and keep earning from bitcoin and it change their life perhaps. Filipinos are working a business about crypto exchange also, which means that they really support to have own exchange that can be trust by all Filipinos.

[ethereumhunter]

So people from the Philippines can not try to use bitcoin to purchase something, it is a good movement that the Philippines did, and I think it will give effect to the other Asian country. And soon, bitcoin might have mass adoption in Asia since the chance of using bitcoin is wide open in Asia country. But I am sure that in the other country outside from Asia, bitcoin will grow fast too so the mass adoption in all country will happen.

[Baofeng]

BEFORE:

Negative impact on the economy as per the past government.
The remittance market is increasingly $26 Billion annually which is rank no. 3 in the world.
Charities has limited reach internationally because of high transfer fees.
Unqualified merchants to accept digital currency.
10% transfer rate from fiat money.

NOW:

You can now purchase goods using a bitcoin in some small online merchants.
Availability of Bitcoin Atm located in Salcedo Street, Makati Philippines.
Bitcoin as donations given to the charities reaches internationally
Pay services using bitcoin.
Buy foods and drinks in the fastfoods in the philippines.
Lastly, increasing and growing numbers of people using bitcoin in the philippines.

This is how our country adopting a new technology, How's yours? Please share with us.

The impact will really be felt specially Philippines OFW sending their remittances through bitcoin (coins.ph), and that would be an amazing facts to see in the next couple of years. As you have said its a billion dollar business so it crypto or bitcoin could get a piece of that pie, it would be really a boost to the price of bitcoin. I'm not aware though of fastfood or restaurants that accepts crypto so can you please pointed that out?

[LastRolling]

It’s good to see that our country accepting bitcoin in a positive way. Im pretty sure by now all crypto hunters in our country are very much happy and can enjoy all the benefits bitcoin has to offer to our country.

[jose111]

BEFORE:

Negative impact on the economy as per the past government.
The remittance market is increasingly $26 Billion annually which is rank no. 3 in the world.
Charities has limited reach internationally because of high transfer fees.
Unqualified merchants to accept digital currency.
10% transfer rate from fiat money.

NOW:

You can now purchase goods using a bitcoin in some small online merchants.
Availability of Bitcoin Atm located in Salcedo Street, Makati Philippines.
Bitcoin as donations given to the charities reaches internationally
Pay services using bitcoin.
Buy foods and drinks in the fastfoods in the philippines.
Lastly, increasing and growing numbers of people using bitcoin in the philippines.

This is how our country adopting a new technology, How's yours? Please share with us.

Definitely, even bitcoin is not already been legalized in the Philippines we can see that they slowly adapting it and implementing it in their country. In fact, I was heard some news that government in the Philippines are having and attending some seminars regarding to bitcoin as I can see, they are trying to study and wanted to learn anything about it and there are the willingness to adapting this system and there will be the big possibility or chances that one of this days they will already legalizing it.

[Dwey]

This is a really great news for the philippines. It’s good to see the they are accepting bitcoin in a very positive way even if bitcoin is not that legal in the philippines still they are adapting and implementing it in their country i hope this is the start of all countries accepting bitcoin in a positive way.

[ruybanoya]

bitcoin will be accepted by around the world.