How Phillipines adopting BITCOIN

[EllieBasti05]

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.

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[Vernfwiles]

Good to see your country adopting bitcoin incredibly. Phillipine have always shared a positive view about crypto currency. It will have an impact on other Asian countries as well. I hopeo more countries would start adopting after this.

[doodle07]

As how other Asian countries embraces crypto Philippines also have a good acceptance of crypto currencies, I went their and I heard they there was already an automated teller machine for Bitcoin somewhere in Makati City. I hope more countries should learn how to deal with cryptos instead of banning it, crypto especially bitcoin can help the community.

[Renal]

I think the Philippines has done its best by accepting Crypto as one of the payments and can even be used as a sale and purchase of goods using bitcoin, of course this is very good news and will be able to push up the price of bitcoin. philippines by accepting bitcoin.

[xtrump101]

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.

well thats a positive move for the governmant towards cryptocurrencies, but one should consider that this third party wallet providers are regulated by the government and the central bank of the philippines, but not too tight to attract investors this kind of financial firm. good for the philippines.

[chidrawarster]

Its good to see Philippines using the crypto currency now and many more Asian countries need to come forward and adopt the same way as done by this country.On a longer term of view, crypto space would be used globally by having some regulations in place in the near future.But other countries also would do their own research before taking the crypto space in their daily usage.Lets hope for the best and wait eagerly.

[Wittycoin]

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.

Yes,many people in the Philippines now are adopting bitcoin and using it in many transactions. But also there are several reports already that people are using bitcoin to scam big amount of money.

[bitcoinVPSD]

Very well, the Philippines is approaching bitcoin slowly and very effectively. They do not impose mandatory regulations on electronic money that they create the most favorable conditions for people to develop bitcoin. This is the most effective way to change an economy and help people get access to new technology. I believe Bitcoin will be very developed in the Philippines in the future.

[walemil]

My country is nowhere near this. We still have a long way to go because there is nowhere to spend your bitcoin unless you first convert it to fiat currency. In fact, i am impressed with the level of improvement in bitcoin adoption by the Philippines.

[syaripudin]

now every country has begun to open its eyes to the importance of crypto currency to overcome the economic problems that are being faced, I think the philippine's move to accept the existence of bitcoin is good news because it will open up space for Filipino citizens to be able to access bitcoin freely , and of course this will affect the progress of the Philippines economy to be better.

[Haxor321]

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.

Yes. Philippines adopting not just only bitcoin but other cryptos very well. People in there makes every crypto a good one in a sense that most of them using it now as a currency in buying, paying and investing in different things. Cryptos image in Philippines is good and I can say that it is very positive. Most of the people nowadays are into it when it comes earning profits.

[Quennlorna42]

it's a good idea to hear that the Philippine nation has been accepted into bitcoin. it is best for everyone who wants to earn bitcoin and it will be able to quickly receive cryptocurrency to adopt a country's blockchain technology as soon as possible.

[pundit]

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.

Thats really nice if govt has allowed to trade/use cryptocurrency in Philippines, It will surely boost country's economy, BITCOIN availability will allow people to invest into it, in my country govt still has not legalized any transaction using bitcoin, although a large number of people in our country is trading bitcoin by one or another method but still still out of reach from the common people, I hope govt one day will realize the power of blockchain and will accept it.

[rickyNmorty]

It's good to hear that Philippines have accepted bitcoin and making good use of it. I hope all the countries will adopt this new technology very soon. All we can do is just hope for that day.

I also hope for it. In the Philippines it is easier to do transactions connected to bitcoin at the same time even the pawn shop or something stuffs like this also participated with it. The app is really amazing that is why people in the Philippines do not have a hard time using bitcoin especially doing transactions.

[dothebeats]

These innovation and movement were made possible by bitcoin enthusiasts since 2014. Exchanges such as coins.ph have opened a wider gate for the Filipinos to use their bitcoins in numerous places and services which, formerly can only be utilized by paying in fiat. Also, the willingness and openness of the Philippine government towards bitcoin and other cryptocurrencies also helped, albeit their constant reminder to the Filipinos that investing on digital assets is still the Wild West of investments. Though not a pretty sizeable country with a strong economy, the Philippines still see something good in bitcoin rather than just the negatives.

[silent17]

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.

well thats a positive move for the governmant towards cryptocurrencies, but one should consider that this third party wallet providers are regulated by the government and the central bank of the philippines, but not too tight to attract investors this kind of financial firm. good for the philippines.

Agreed, Most Pilipino uses third party wallet that is regulated by the government because most of us think's it is easier because we can just convert our Bitcoin to PHP and vice-versa. The only problem here is that the government really have the access and also can limit our transaction using this third party wallet.

[Dexter Mills]

It is apparent by now that adopting cryptocurrency especially for countries that need a boost in their economy is beneficial. We know that cryptocurrency is in the early stages but that doesn't mean it lacks the potential in digital currency, if more countries are to adopt cryptocurrency for the economy it would mean great things. We are seeing first hand the results of adoption from Philipines and the benefits it held with that decision. With time we'll hopefully be able to see more.

[Kakmakr]

The lower fees on the remittance is a huge improvement over services like MoneyGram and Western Union and the people are feeling the impact of that on every global transfer that are done. This might be one of the best ways to increase adoption in every country, but the supporting merchant network has to be strong, to support that.

First world countries tend to focus too much on Bitcoin ATM distribution in their own country and not in emerging 3rd world countries, where it is needed the most. 

[qiwoman2]

Here we have big blockcha9in conferences in Limassol and some ICOS launched here as well, but I don't yet see many local shops having crypto or Bitcoin signs up, but I think in Limassol mall they put up now a Bitcoin ATM. They are slow here to adopt Bitcoin because there was a scam here years ago promising a crypto bitcoin bank and debit card and they run off with people's money, but slowly confidence is coming back now and there are meetups once a week in Limassol as well, I hope to go to one day to meet up with our whales and blockchain experts there, would be fun, but it's far away from where I live and I don't drive, so would have to go and stay overnight by bus.

[rosepetals]

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.

I never knew that this is really happening in our country mate,and i don't have enough idea about the bitcoin atm machine.Those past governments doesn't introduce bitcoin in our country and Filipinos already know the reason behind it.There were negative news about that cause people think that it is a scam or sone sort of a fraud. The concept of decentralization was one of it.