Another good news for cryptocurrency in the Philippines

[SaShiRaJaVu]

at first I also thought that the more countries that could accept bitcoin then it would affect the price of crypto currencies in general, but in reality it did not happen. the price is falling when there is a lot of good news about bitcoin.

The price of bitcoin does not depend upon how many countries accepted bitcoin, it solely depends upon the investors who are investing in it, every market will rise and fall according to the investors and that does not mean mean that it will improve if a country accepts bitcoin as a payment system, the price will improve gradually and when the market rises you will see many technical analysis on why the market improved but it is hard to know before hand.

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[Noilee]

We are proud of that and glad to heard, that even a small country Philippines was already accepted bitcoin. Hoping that this good news will continue. We believe that sooner so many nearby countries will adopt bitcoin also. Because of that many Filipinos will be attracted to invest.

[Kemarit]

We are proud of that and glad to heard, that even a small country Philippines was already accepted bitcoin. Hoping that this good news will continue. We believe that sooner so many nearby countries will adopt bitcoin also. Because of that many Filipinos will be attracted to invest.

We can't say that for other countries as well. So far even the Asian region is still divided about how they are going to treat cryptocurrencies. India for one has laid down one of the toughest regulations against having possession of crypto, - jail time. While Japan and to an extent South Korea are crypto friendly. So everything is revolving around the neighboring countries. Of course as Filipinos, we are lucky to have a government that is very open and at the same time giving fair warning to it's constitute about the risk of investing. (https://www.philstar.com/business/2019/06/10/1925041/bsp-public-be-wary-cryptocurrencies/amp/)

[FlightyPouch]

So glad there are people that are willing to accept or let people pay them in bitcoin. There are a lot of people in our country that still don't know what bitcoin is and what crypto currency is. The thing is that I doubt someone that has a good amount of bitcoin will buy that, instead if that is me, I'd rather hold onto it rather than using it. Fiat can still be used despite coingeek converting those fiats into btc or ltc.

[Oilacris]

We are proud of that and glad to heard, that even a small country Philippines was already accepted bitcoin. Hoping that this good news will continue. We believe that sooner so many nearby countries will adopt bitcoin also. Because of that many Filipinos will be attracted to invest.

We can't say that for other countries as well. So far even the Asian region is still divided about how they are going to treat cryptocurrencies. India for one has laid down one of the toughest regulations against having possession of crypto, - jail time. While Japan and to an extent South Korea are crypto friendly. So everything is revolving around the neighboring countries. Of course as Filipinos, we are lucky to have a government that is very open and at the same time giving fair warning to it's constitute about the risk of investing. (https://www.philstar.com/business/2019/06/10/1925041/bsp-public-be-wary-cryptocurrencies/amp/)

Lucky thing for people who do reside into those countries which do have positive or do really adopt cryptocurrencies into their vicinity.

We have seen ban and strict regulation everywhere and for us crypto users who do live into these countries where we do confidently
transact and engage with crypto are lucky ones and these type of news do really give out good mood on my side.

[cryptoknightt]

We are proud of that and glad to heard, that even a small country Philippines was already accepted bitcoin. Hoping that this good news will continue. We believe that sooner so many nearby countries will adopt bitcoin also. Because of that many Filipinos will be attracted to invest.

I think small countries like the Philippines will not have a major influence on the development of bitcoin prices, there must be a large country and have the world's largest economic condition that accepts bitcoin to be used for transactions every day, it will make the price of bitcoin expensive because bitcoin transactions will increase.

[Janation]

How is this good news?

There are a lot of ways you can use your Bitcoin in the Philippines and this is not new. Just think of the transaction fee that buyer will pay for that huge amount of BTC to pay, 4.5 million pesos is almost 10 BTC, who will buy that? Even if I own a lot of it, I'd rather buy in fiat since there will be no fee and I can just hand over that to them. If they will be using a platform without fee, maybe like coins.ph people will consider but looking at the price these days, I still don't think so.

[befriendmywater]

Iloilo properties for sale accepts crypto as payment

These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.

The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.

The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.

Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment

Everyone is too familiar with open business operations for the market in the Philippines. They are really supporting crypto but the number of people using crypto and developing blockchain is still quite small compared to other countries. So the reason is why? They are preparing missiles but can't prepare the platform for rocket launcher?
I am afraid that the lack of knowledge in Phiplippines will make people lose in this market.

[rez303]

Iloilo properties for sale accepts crypto as payment

These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.

The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.

The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.

Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment

In the past I have heard a lot of good news from the Philippines and I also greatly appreciate their enthusiastic support for cryptocurrency in general and Blockchain in particular. But I have yet to see the volume of crypto transactions in the Philippines increase markedly. The market still has such familiar faces as Russia, America, China and Vietnam. These are 4 countries with very large volume of transactions at the moment. So what happened to the Philippines?

[rez303]

That is really a great thing. Recently I have seen a lot of good news about crypto in the Philippines. I think they are inclined to develop and invest in a new potential area like cryptocurrency to improve the economy in a clear way.
If the Filipinos are well-informed about Blockchain and crypto knowledge over the next few years, I'm sure their country will outperform those in Asia.

[leonair]

I wonder to what's the current update of this issue because I think there must be a deed of sale of land ownership between the owner and the buyer and if the government of the Philippines can recognize or honor cryptocurrency as a mode of payment for real estate properties.

[Baofeng]

I wonder to what's the current update of this issue because I think there must be a deed of sale of land ownership between the owner and the buyer and if the government of the Philippines can recognize or honor cryptocurrency as a mode of payment for real estate properties.

Right, there are more questions about this process. And it's hard to track down any updates of the said sale as well. Well this is some sort of exposing to crypto, but I guess in the background there are also paperworks needed to be done, at least the buyers will just send the payment to a particular address and sign the paper works, however, I don't think that will be the case here.

[Muzika]

This kind of buying or selling process is not suprisingly to happen, however it will be hard to track down but there are still process that needs to have legal assistance for the smooth transaction like having 3rd person specially when the payment will be done and for the paper the address must be indicated and must also be notarized.

[Fredomago]

I wonder to what's the current update of this issue because I think there must be a deed of sale of land ownership between the owner and the buyer and if the government of the Philippines can recognize or honor cryptocurrency as a mode of payment for real estate properties.

They need to process those requirements before they will close the deals, as bitcoin won't be able to cover that and aside from computing the actual
needed money there's no way for them to continue and process just like buying things online, they needed to answer those required documentations.

[xSkylarx]

That is really a great thing. Recently I have seen a lot of good news about crypto in the Philippines. I think they are inclined to develop and invest in a new potential area like cryptocurrency to improve the economy in a clear way.
If the Filipinos are well-informed about Blockchain and crypto knowledge over the next few years, I'm sure their country will outperform those in Asia.

There are already many merchants here that accepts bitcoin. You can already use it to pay some of your monthly bills with ease at your home. But there are still some that uses cryptocurrency as their front on their pyramiding/ponzi schemes. And still many people are investing on those ponzis because the leader are promising some high returns because of bitcoin's value now.

[blueteam09]

Already philippines have regulations for using cryptos?

If its still in the uncertain phase,then using bitcoin for buying properties without regulations may bring some difficulties later.

There are no fixed rules about transactions involving Cryptocurrency in Philippines. But many people know Bitcoin and use it. In this country, it has installed several Bitcoin ATMs in major city centers to meet the demand for people who want to own Bitcoin without going through exchanges with many that tie up KYC.

[acroman08]

We are proud of that and glad to heard, that even a small country Philippines was already accepted bitcoin. Hoping that this good news will continue. We believe that sooner so many nearby countries will adopt bitcoin also. Because of that many Filipinos will be attracted to invest.

We can't say that for other countries as well. So far even the Asian region is still divided about how they are going to treat cryptocurrencies. India for one has laid down one of the toughest regulations against having possession of crypto, - jail time. While Japan and to an extent South Korea are crypto friendly. So everything is revolving around the neighboring countries. Of course as Filipinos, we are lucky to have a government that is very open and at the same time giving fair warning to it's constitute about the risk of investing. (https://www.philstar.com/business/2019/06/10/1925041/bsp-public-be-wary-cryptocurrencies/amp/)

Lucky thing for people who do reside into those countries which do have positive or do really adopt cryptocurrencies into their vicinity.

We have seen ban and strict regulation everywhere and for us crypto users who do live into these countries where we do confidently
transact and engage with crypto are lucky ones and these type of news do really give out good mood on my side.

I think Philippine government see potential in cryptocurrency to boost it's own economy even though there have been scams relating to bitcoin and had been shown on the news the government is still open minded about cryptocurrency and I think it is great because as the time pass more people who were first afraid of cryptocurrency might consider trying it since the government open minded about it.

[Rufsilf]

Iloilo properties for sale accepts crypto as payment

These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.

The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.

The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.

Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment

Wow, I didn't expect that bitcoin has been accepted in some of the companies in the Philippines, I mostly hear companies in the US and other countries but Philippines, it's just amazing, I hear some people say third world countries will be the last one to adopt bitcoin but with this I can say the Filipinos are getting smart. I just hope the adoption in the Philippines will grow even more.

[aioc]

Iloilo properties for sale accepts crypto as payment

These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.

The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.

The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.

Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment

Iloilo is a province in the Philippines, we have a lot of people in the provinces that are cryptocurrency supporters so this is not surprising, as long as it is done in accordance with the law, although here in the Philippines we still don't have a marketplace for real estate that caters to cryptocurrency supporters.

[ethereumhunter]

We are proud of that and glad to heard, that even a small country Philippines was already accepted bitcoin. Hoping that this good news will continue. We believe that sooner so many nearby countries will adopt bitcoin also. Because of that many Filipinos will be attracted to invest.

I hope that soon, the other Asian countries will do the same as what the Philippines and they will accept bitcoin too. If that happens, we will see a large population in Asia will support cryptocurrency and maybe we will see many offline shops in the Asian will be available since the Asian countries will be good for destination travel. And if cryptocurrency can be integrated with the travel agency, it will help cryptocurrency and for bitcoin specifically will grow too.