How Phillipines adopting BITCOIN

[jake zyrus]

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

Me too I'm from Philippines I am happy that my country are are open minded about the new technologies of cryptocurrency. The government regulate the laws cause they see the good impact of cryptocurrency a good oppurtunity to gain more profit to help people to become successful.

[1714751757]

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[EllieBasti05]

Yes, Philippines starting to accept the third party policy for bitcoin transactions. They also form an anti money laundering team to monitor each transactions if the crypto company has given a license to operate in the Philippines. Setting of regulations to protect the users and investors in the Philippines.

[aryaadikariyansyahsuwarto]

I really applaud the country, Philippines is a country that is also a lot of connoisseurs of bitcoin, they have done a bit of bitcoin accepted by the country, and the results are very suitable for what they expect. Give a loud pat.

[aliceHortrex]

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 very nice to see such positive trends in the development of bitcoin implementation in your territory. In Europe, unfortunately, everything is not so smooth, but compared to what was even 5 years ago - this is a huge progress. Thank you for the information: I propose to update the topic with the emergence of new changes regarding bitcoin and cryptocurrency in the Philippines!

[dupee419]

I think this is good news for Philippines! I know that the economy and wealth for them are actually on the low as of now and the inflation rate is indeed annoying, hence I think the adoption of BTC would definitely be a big help to them. and for their economy.

[steampunkz]

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.

This has been established for a few months ago, And I am seeing the people here are already adopting bitcoin, But the majority I guess only knows to buy and sell the platform. Some others didn't even have knowledge of the blockchain.

[Sebas.tian]

Most of the people in the Philippines are not doing well in terms of quality living. This can help them in attaining financial stability. I only hope though that they'll be in it because of the tech first, then the price. 

[flying_bit]

As Filipinos started to learn  financial literacy,  we also begin to explore how to save, earn and invest money beyond border of what is offered in traditional way. Younger gen are now more open about stock trading, insurance and ofcourse cryptocurrency.

[sehoon]

My mother works for the government and there are no signs of any regulation as of now. The Philippine government is just telling the people who uses cryptocurrency to be aware of scams and make sure we do our transactions properly and wisely.

[Coinraptor]

Glad to hear the philippine government have accepted cryptocurrency and also made an atm machine for a transaction support. Now the Philippines are free to make many transactions and I hope to see Philippine will be the best example for others country to open cryptocurrency.

[Serious Miner]

Thanks to the Philippines government to accept and make a good environment to deal with bitcoin, an atm machine have been installed for making transactions easily. That's why the Philippines adopting bitcoin without facing trouble as they are free to use bitcoin for doing the transaction.

[Coin_trader]

The Philippines are adopting Bitcoin and cryptocurrencies and in fact, there are some cryptocurrency exchanges that are set to operate or already operating within our country (https://bitpinas.com/cryptocurrency/list-cryptocurrency-exchanges-philippines/). This fact is a proof of an ever-growing Bitcoin and cryptocurrency adoption here in the Philippines.

[xuv500]

Happy news for the Filipinos, also big applause for the government who gave green signal for this wonderful technology. Feeling and taking care of the countries people is good as they have to give instructions as their responsibility, things go beyond then it's on their own risk. Well this is how the government should do.

[krissyshelp]

As other Asian countries accept crypto, the Philippines has also accepted crypto. I hope many countries instead of banning it accept it because the special bitcoin can help the community.

[Question123]

I am happy because my country philippines are adapting bitcoin and they did not against to the bitcoin i hope philippines will continue to accept and adapted bitcoin to help millions filipino citizens and other filipino in the whole world for sure my country will have more projects about bitcoin soon and that's good for bitcoin community .

[Seeker#9]

As other Asian countries accept crypto, the Philippines has also accepted crypto. I hope many countries instead of banning it accept it because the special bitcoin can help the community.

In order to understand how the bitcoin works, the government should open their mind first and read the whole concept of bitcoin. The Philippine government have already opened their minds for cryptocurrencies and is fast becoming one of the crypto friendly countries in Asia by allowing some fintech companies to put their business in one of the economic zones. The central bank already gave licenses to some crypto exchanges to operate inside the countries.  

[lornadane]

Great to see the Philippines are adopting bitcoin unbelievably which is a good sign for a country to develop its economy. All this happened due to the government's green signal to the transaction cryptocurrency legally. So hopefully the Philippines will be a good example to legalize bitcoin for others Asian country.

[Nellayar]

There is a wide range and fast adoption in Philippines specially when it comes in globalization. A lot of Filipinos are already part of the change, there are crypto enthusiasts which are actively joining in cryptocurrency investment. I like the way Filipino accept this changes and I am glad that I am part of it also.

[Dexion]

we know that in a Philippines, any technology that can provide transparency, security, and efficiency when processing transactions is very important,

and the largest bank in the Philippines adopts blockchain technology, they even have plans to create business relationships with blockchain based in the United States.

so, I think the Philippines has good potential to create bitcoin for the better.

[mekie]

The Philippines government has taken a very sensible approach to bitcoin etc, and this has along with the very enterperial attitude of the people will I am sure in the future result in the Philippines being a leader in the adoption of bitcoin/crypto, and an example to other countries both in the region and further afield.