How Phillipines adopting BITCOIN

[Blackdeath]

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.

That is a great news to know that even a small country located on the South East Asia is already taking into adaptation with this new type of currency. Slowly but surely, people are now taking small steps on recognizing and knowing its worth to be used in many ways as possible just like what the bigger countries who uses Bitcoin and other existing cryptocurrency within the market. So far, so good that people are now realizing the efficiency cryptocurrency can provide to everyone and I can't wait to see how other countries who still not into using Bitcoin will soon get to engage with this and let them explore into this new type of currency that can provide exceeding cqpabilities than what we expected.

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[clickerz]

Many people in the phillipines are already adopting bitcoin because of the pretty good investment of it and the good transactions are so smooth to have. But not to get scam or to experience about to that so scared and worry about.

Philippines really welcomes bitcoin with open arms.Bitcoin  gives  opportunity many Pinoy which lead to opening  an economic zone dedicated to blockchain technology the Cagayan Crypto Hub. The completion is high with other countries to this new exciting technology and Philippines is doing their share too.

You can  read updates on Philippine Fintech news here

https://www.facebook.com/FintechPhilippines/

[Bunsomjelican]

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 can't deny that most of community in the Philippines are now aware about in bitcoin, in fact, in the exchange they have which is coins.ph it is already accepted Ethereum, Bch and Xrp as payment whether in remittance or cash in for the banks. So I do believed time will come it will become more attractive later for the community of this country about crypt's and bitcoin.

[kateycoin]

Many cryptocians are from the Philippines many people use it as payment and also a another income. Filipino is fast leaner about everything so I think many people in the Philippines will be successful in crypto.

[AiBBio]

This country uses really all opportunieties that bitcoin gives

[raidarksword]

Bitcoin adaptation in Philippines was not good and popular as of today. It's good thing to know that some Filipinos are now in crypto currency and that's really a good sign that Philippines is having an open mind of what bitcoin really is all about and how it can change the financial scale and improve economic stability. I gave credits to the government that really pushed and accepted bitcoin and believing the ideology of it.

[Quennlorna42]

i think of my knowing since bitcoin is well accepted by the philippines and because of that many want to earn and work even if not fulltime yet atleast you have income and many profits and benefits that we get. for me a bitcoin is the best crypto in the world.

[Siren]

Large scale roll out of bitcoin and other cryptocurrencies will occur in these kinds of countries first, just look at south America-Venezuela. I believe these countries will benefit more

Venezuela is a dying country when they adapt bitcoin and accepted this open hands,but the Philippines is a different issue
Asian countries are now welcoming cryptocurrency specially bitcoin because of the technology behind this,and thats blockchain..
Looking how japan welcomes this currencies are more reliable reason than Venezuela and south america

[ratatat bangbang]

It needs more time that it will happened. Adopting bitcoin needs first to be accepted wholely by the country such as the government. For now there are companies and bayad center who accepts bitcoin payment which is a sign that sooner or later bitcoin will be accepted in the Philippines.

[EllieBasti05]

It needs more time that it will happened. Adopting bitcoin needs first to be accepted wholely by the country such as the government. For now there are companies and bayad center who accepts bitcoin payment which is a sign that sooner or later bitcoin will be accepted in the Philippines.

The government already accept it. Small merchants in makati and bitcoin ATM was established also in makati. Government will regulate by forming anti money laundering team to monitor all transactions and allowing only companies that given a license to operate in the philippines. This ensures the are not just adopting it but to protect investors and users. Hopefully they will start giving a salary in the form of bitcoin so that bitcoin will spread to the whole country.

[vernl]

It needs more time that it will happened. Adopting bitcoin needs first to be accepted wholely by the country such as the government. For now there are companies and bayad center who accepts bitcoin payment which is a sign that sooner or later bitcoin will be accepted in the Philippines.

The government already accept it. Small merchants in makati and bitcoin ATM was established also in makati. Government will regulate by forming anti money laundering team to monitor all transactions and allowing only companies that given a license to operate in the philippines. This ensures the are not just adopting it but to protect investors and users. Hopefully they will start giving a salary in the form of bitcoin so that bitcoin will spread to the whole country.

Pinoy goverment doesn't accept Bitcoin and drugs dude, i don't know where you get that information they will let Bitcoin free but currently it was illegal just like drugs in Philipines.
Adopting Bitcoin isn't that easy.

[Kesari]

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.

[ridertiger]

 it is great to see your country adopting Bitcoin widely. I hope my country will do the same as our economy is not doing well.

[ardhigalau]

I'm proud to see your country can adapt bitcoin very easily, and I'm sure the people there are very technologically aware. Hopefully this will continue to other countries.

[Traslavin]

Many people in the phillipines are already adopting bitcoin because of the pretty good investment of it and the good transactions are so smooth to have. But not to get scam or to experience about to that so scared and worry about.

Philippines really welcomes bitcoin with open arms.Bitcoin  gives  opportunity many Pinoy which lead to opening  an economic zone dedicated to blockchain technology the Cagayan Crypto Hub. The completion is high with other countries to this new exciting technology and Philippines is doing their share too.

You can  read updates on Philippine Fintech news here

https://www.facebook.com/FintechPhilippines/

This only mean that we the Filipinos are willing tl learn and are open for new opportunities  and possibilities not only to earn but to learn though earning profit is one of the major reason why we are one of the member of this forum but knowing that Filipinos are very positive about this is such a great news for me.

[EllieBasti05]

It needs more time that it will happened. Adopting bitcoin needs first to be accepted wholely by the country such as the government. For now there are companies and bayad center who accepts bitcoin payment which is a sign that sooner or later bitcoin will be accepted in the Philippines.

The government already accept it. Small merchants in makati and bitcoin ATM was established also in makati. Government will regulate by forming anti money laundering team to monitor all transactions and allowing only companies that given a license to operate in the philippines. This ensures the are not just adopting it but to protect investors and users. Hopefully they will start giving a salary in the form of bitcoin so that bitcoin will spread to the whole country.

Pinoy goverment doesn't accept Bitcoin and drugs dude, i don't know where you get that information they will let Bitcoin free but currently it was illegal just like drugs in Philipines.
Adopting Bitcoin isn't that easy.

How can you say that dude ? Bitcoin is growing in the philippines without the use of mainstream media. Media gives negative comments on bitcoin due to it was used to scam people.
And how come many people engaged to bitcoin mining ? And how come the security bank accepts bitcoin without the permission by the government?
Just do your research dude and dont get fall on Hoax news by the media.

[rudox]

Philipines congratulations to you all. Your country is now fully cryptolized.  The Philippines will be more empowered through cryptocurrency and your country is fully into cryptocurrency to the extent of having retailers accepting crypto for settlement of transactions and even BTC ATM machine already operational in your city. This is awesome. My own country is not even talking about blockchain which the people in government knows next to nothing about crypto. Time will tell.

[virasog]

Many people in the phillipines are already adopting bitcoin because of the pretty good investment of it and the good transactions are so smooth to have. But not to get scam or to experience about to that so scared and worry about.

Philippines really welcomes bitcoin with open arms.Bitcoin  gives  opportunity many Pinoy which lead to opening  an economic zone dedicated to blockchain technology the Cagayan Crypto Hub. The completion is high with other countries to this new exciting technology and Philippines is doing their share too.

You can  read updates on Philippine Fintech news here

https://www.facebook.com/FintechPhilippines/

Philippines , although not so advance country but they are fast in adoption of bitcoins and technology. Due to this, they will soon become one of the strongest country.  More countries are also adopting the bitcoins but few are still looking to ban the coins which will not benefit those countries themselves.

[fulmetal08larz]

I believe that even if our beloved country, Philippines is running at a slow pace in regards to economic growth, most of the people in our generation are already tech savvy and are curious and interested about ways on how they can conveniently transact smoothly using BTC as mode of payment and as an investment as well. Mass adaption will take place in our country within the next few years, it is very exciting.

[Marbelli]

Unfortunately, my country has absolutely not implemented a blockchain and a cryptocurrency and is rejecting it in every possible way. Thank God mining was not banned