Another good news for cryptocurrency in the Philippines

[bitgolden]

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.

It is not only in Philippines that we don’t get to hear of real estate investment as regards crypto, I have never seen any project too generally that is geared towards real estate using crypto, most of the real estate projects I have seen raising ICO has been purely scam, and real estate is another area that will boost the development of cryptocurrency if the managers can put crypto adoption into consideration.

It is amazing that cryptocurrency is beginning to be considered fully as means of payment by great companies like that one of Philippine and I know that with time, a lot of business  men and women will also do same as those property owners did in Philippine.

[otong]

I have long heard that the Philippines is a country that is friendly to cryptocurrency, therefore many companies or stores accept Bitcoin as a means of payment.  And rightly the comments above, if this country does not accept Cryptocurrency as a legitimate payment instrument, then accepting Bitcoin as a means of payment for property will cause a big problem for a store or company in the future.

all possibilities are possible and no one can know for sure if all countries accept crypto currency as a legitimate payment system of course the government will make things go well I believe it

[nydiacaskey01]

Cryptocurrency is gaining ground in the Philippines. There is this card called Pensionado and it is hosted by LoyalCoin and it gives rewards to its users. It was recently launched and so far thousand of cards has been given away and they are active, not just another card that sleeps in your card wallet. This is a good way of promoting Cryptocurrency, show them or give them the benefits of using it.

[KEPLER99]

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 just wants a take on cryptocurrency, they are hoping that the price would go up so that their companies can hit huge amounts of money. I have been making use of cryptocurrency for a very long time now and the last thing that ever crossed my mind was buying anything with cryptocurrency. I have never tried such a thing before, I only use cryptocurrency as an investment and that's all I do with it and nothing else. If I feel like I want to make use of the money I have in my crypto wallet, whether there are services accepting crypto for what I need or not, I don't think of that. I just withdraw my money and use it for what I want and that is it.

[target]

Be careful when buying properties in the Philippines, there unscrupulous brokers who sells a property that has been sold already to someone else and they do it multiple times particularly to those houses that isn't ready yet for occupation. They had been doing this since properties in the Philippines aren't put to escrow unlike in US where mortgage payment are being escrowed.

[joshy23]

Be careful when buying properties in the Philippines, there unscrupulous brokers who sells a property that has been sold already to someone else and they do it multiple times particularly to those houses that isn't ready yet for occupation. They had been doing this since properties in the Philippines aren't put to escrow unlike in US where mortgage payment are being escrowed.

Good point, it should also be consider that since bitcoin transactions doesn't have any supporting documents everything will be between buyers and
owners it''s best to have a decent escrow to hold the assets first before closing any deals if you are really aiming to proceed using your bitcoin.

[guoyu78]

According to FT news, among the Southeast Asian neighbours, Philippines has relatively more open to using Bitcoin and other cryptocurrencies. The Philippines’ relatively higher adoption rate of cryptocurrencies may be related to the Bangko Sentral ng Pilipinas’ (BSP) moves to regulate rather than ban Bitcoin and other cryptocurrencies. I think this is a good news and an opened door for new opportunities. Well, I assume that this adoption will expand especially for known businesses.

Hopefully this will lead to crypto adoption in the next years to come.Philippines has been very positive in welcoming new doors of opportunities which will be very helpful in increasing not just individual's  economy but the country's economy as well.I know there are already numerous bitcoiners spread all over the Philippines,it' just that they chose to be secretive than telling the whole people that they're into crypto trading or investing.

Secrecy in Cryptocurrency is just too much

People are being secretive about their cryptocurrency trading and usage because they still not gotten government backup, and we really don’t need this secrecy if we are to really allow this news to spread worldwide, but the issue of getting full government backup is what I am not sure we will ever get, because the system of crypto does not work in favor of them that much, and I even learnt that India being one of the largest country with largest population is already planning to place a ban on it, so this secrecy will still continue.

But it’s a good thing that Philippines are beginning to consider it, and I believe that we may gradually start getting adoption from smaller countries.

[Kimonoe]

According to FT news, among the Southeast Asian neighbours, Philippines has relatively more open to using Bitcoin and other cryptocurrencies. The Philippines’ relatively higher adoption rate of cryptocurrencies may be related to the Bangko Sentral ng Pilipinas’ (BSP) moves to regulate rather than ban Bitcoin and other cryptocurrencies. I think this is a good news and an opened door for new opportunities. Well, I assume that this adoption will expand especially for known businesses.

Hopefully this will lead to crypto adoption in the next years to come.Philippines has been very positive in welcoming new doors of opportunities which will be very helpful in increasing not just individual's  economy but the country's economy as well.I know there are already numerous bitcoiners spread all over the Philippines,it' just that they chose to be secretive than telling the whole people that they're into crypto trading or investing.

Secrecy in Cryptocurrency is just too much

People are being secretive about their cryptocurrency trading and usage because they still not gotten government backup, and we really don’t need this secrecy if we are to really allow this news to spread worldwide, but the issue of getting full government backup is what I am not sure we will ever get, because the system of crypto does not work in favor of them that much, and I even learnt that India being one of the largest country with largest population is already planning to place a ban on it, so this secrecy will still continue.

But it’s a good thing that Philippines are beginning to consider it, and I believe that we may gradually start getting adoption from smaller countries.

even from the news that I read, in India will get a punishment for those who have a cryptocurrency, but different things are done in the Philippines, which clearly the Philippines wants to follow in the footsteps of developed countries that have legalized it first

[jhonjhon]

Be careful when buying properties in the Philippines, there unscrupulous brokers who sells a property that has been sold already to someone else and they do it multiple times particularly to those houses that isn't ready yet for occupation. They had been doing this since properties in the Philippines aren't put to escrow unlike in US where mortgage payment are being escrowed.

Good point, it should also be consider that since bitcoin transactions doesn't have any supporting documents everything will be between buyers and
owners it''s best to have a decent escrow to hold the assets first before closing any deals if you are really aiming to proceed using your bitcoin.

Agree, scam brokers may take advantage of this so that they will not be easily traced, I guess having an escrow is better to atleast add security to your assets. It is good that the Philippines is friendly to crypto unlike other countries, hopefully it will increase as the time goes by.

[mamesso]

According to FT news, among the Southeast Asian neighbours, Philippines has relatively more open to using Bitcoin and other cryptocurrencies. The Philippines’ relatively higher adoption rate of cryptocurrencies may be related to the Bangko Sentral ng Pilipinas’ (BSP) moves to regulate rather than ban Bitcoin and other cryptocurrencies. I think this is a good news and an opened door for new opportunities. Well, I assume that this adoption will expand especially for known businesses.

Hopefully this will lead to crypto adoption in the next years to come.Philippines has been very positive in welcoming new doors of opportunities which will be very helpful in increasing not just individual's  economy but the country's economy as well.I know there are already numerous bitcoiners spread all over the Philippines,it' just that they chose to be secretive than telling the whole people that they're into crypto trading or investing.

Secrecy in Cryptocurrency is just too much

People are being secretive about their cryptocurrency trading and usage because they still not gotten government backup, and we really don’t need this secrecy if we are to really allow this news to spread worldwide, but the issue of getting full government backup is what I am not sure we will ever get, because the system of crypto does not work in favor of them that much, and I even learnt that India being one of the largest country with largest population is already planning to place a ban on it, so this secrecy will still continue.

But it’s a good thing that Philippines are beginning to consider it, and I believe that we may gradually start getting adoption from smaller countries.

even from the news that I read, in India will get a punishment for those who have a cryptocurrency, but different things are done in the Philippines, which clearly the Philippines wants to follow in the footsteps of developed countries that have legalized it first

Every country has different rules and policies. very sorry to hear news from India, but in other countries crypto began to get attention. Philippines, one of the countries in Southeast Asia that has the principle of openness, I think every country must adopt this principle in various ways including finance.

[Cherylstar86]

According to FT news, among the Southeast Asian neighbours, Philippines has relatively more open to using Bitcoin and other cryptocurrencies. The Philippines’ relatively higher adoption rate of cryptocurrencies may be related to the Bangko Sentral ng Pilipinas’ (BSP) moves to regulate rather than ban Bitcoin and other cryptocurrencies. I think this is a good news and an opened door for new opportunities. Well, I assume that this adoption will expand especially for known businesses.

Hopefully this will lead to crypto adoption in the next years to come.Philippines has been very positive in welcoming new doors of opportunities which will be very helpful in increasing not just individual's  economy but the country's economy as well.I know there are already numerous bitcoiners spread all over the Philippines,it' just that they chose to be secretive than telling the whole people that they're into crypto trading or investing.

Secrecy in Cryptocurrency is just too much

People are being secretive about their cryptocurrency trading and usage because they still not gotten government backup, and we really don’t need this secrecy if we are to really allow this news to spread worldwide, but the issue of getting full government backup is what I am not sure we will ever get, because the system of crypto does not work in favor of them that much, and I even learnt that India being one of the largest country with largest population is already planning to place a ban on it, so this secrecy will still continue.

But it’s a good thing that Philippines are beginning to consider it, and I believe that we may gradually start getting adoption from smaller countries.

even from the news that I read, in India will get a punishment for those who have a cryptocurrency, but different things are done in the Philippines, which clearly the Philippines wants to follow in the footsteps of developed countries that have legalized it first

Every country has different rules and policies. very sorry to hear news from India, but in other countries crypto began to get attention. Philippines, one of the countries in Southeast Asia that has the principle of openness, I think every country must adopt this principle in various ways including finance.

  Precisely, Philippines is very acknowledgeable for every opportunity that exceed. Perhaps, bitcoin has a promising platform that should be grab on and easy to adopt for the open countries. And I think many country has take it licitly and adopt widely open due of its high recommendation.

[congresowoman]

Cryptocurrency is gaining ground in the Philippines. There is this card called Pensionado and it is hosted by LoyalCoin and it gives rewards to its users.

I see, this is a good thing. But when was this launched? Did the government just started to lay down regulations on the use of cryptocurrency? Don't get me wrong, I want to have this but I am currently looking into the legitimacy of this project. Thanks for the information bud.

[Canoppo99]

The owner of those properties is ready to take risk in cryptocurrency investment, actually there are a lot of property seller who accept cryptocurrency as payment method, I also glad to hear that UnionBank was create ATM to help philipinos to convert philippine pesos to cryptocurrency and vice versa, thanks for the article. I hope this will also works for tourist too.

[peter0425]

I have long heard that the Philippines is a country that is friendly to cryptocurrency, therefore many companies or stores accept Bitcoin as a means of payment.  And rightly the comments above, if this country does not accept Cryptocurrency as a legitimate payment instrument, then accepting Bitcoin as a means of payment for property will cause a big problem for a store or company in the future.

all possibilities are possible and no one can know for sure if all countries accept crypto currency as a legitimate payment system of course the government will make things go well I believe it

and my hope is that I hope that in the Philippines I will not accept payments in crypto currencies, but all countries in the world can accept crypto payments because that would have a great impact on the development of crypto and to stabilize the price of coins on the market

Don't be discourage as not only the Philippines is not accepting bitcoin or crypto as payment but the rest of the world as well. Although there are some friendly countries who are now implementing LN. So perhaps if Philippines really wanted to be one the most bitcoin friendly in Asia, stores there should adopt LN, just saying.

[Periodik]

I am from the Philippines and have been to Iloilo several times. I admire that the city does not only boost of a beautiful and well-organized city, but also of an advanced way of doing commerce.

However, I am mainly curious as to how the legal papers would be accomplished. Would they be indicating the sell price in their deed of sale in Bitcoin? I'm afraid that would somehow be considered illegal. I assume that papers would still be bearing the value and payment in fiat, in Philippine Peso for this matter.

[Janation]

if news like this is done simultaneously by many countries, it will certainly produce new investors, and regular investors will also fill market demand, so prices are expected to rise and form new ATH

It is done by a lot of countries, people accepting Bitcoin, accepting other cryptocurrencies, it is already done by a lot of contries, any changes? None.

What will you do to produce more investors? Increase the price, lower the risk. Is this possible? It is but the thing is that Bitcoin is decentralized so it is hard to do, so hard. Even the article we are talking about doesn't want to hold his BTC since he is directing it in a coinsdesk wallet because if he wants to hold it, I think it will not be in exchange.

[Spaffin]

The popularity of cryptocurrency and the attraction of new investments will always be influenced by news about cryptocurrency in the information space, as well as the development of infrastructure for the use of cryptocurrency in society.  I believe that the recent statement by Donald Trump has a very strong pressure on the entire cryptocurrency market.

[rosepetals]

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

Thats a very great news,Filipinos were very open for different options inorder to conquer poverty.A positive output to all Filipinos that there is an existing currency which it can be used to profit if mass adoption happens.

[Chrystora123]

The Philippines is one of the countries in Southeast Asia after Singapore that gave a green signal to blockchain technology and cryptocurrency.  I think developing countries need to learn more in the blockchain and even use cryptocurrencies as an innovation for them to be able to compete with countries that have advanced in terms of innovation 

[akosijue]

I also think that there many potential and interested investors here in the Philippines. Though, most (or 50%) of the Filipinos are not that tech-savvy so they doubt these kinds of things and would be willingly invest in what they think they know like investments from agents and cases of those skyrockets because of these.

Hope some projects like Traxion would be successful in implementing cryptocurrencies and online payments and banking.