Bitcoin could be used to pay for Bills,load and for travel in the Philippines

[Johnyz]

Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

Yes its easy to own and spend not just bitcoin but also eth, xrp and bch so Philippines is one of the best place for cryptocurrency. But I still don’t want to use it for some of my small transactions because I know bitcoin will become an expensive coin again very soon.

[Oceat]

Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

Well, that's nice but isn't it a waste of Bitcoin if you start to use it now where we are at in this bearish market? When we are in a bearish trend, we are supposed to buy back and accumulate as much Bitcoin as we can. When Bitcoin starts to rise with the bullish market then that's the time that we have to spend some of it.

Anyway, why not use cash instead of Bitcoin to spend on your bills? You can't accumulate more Bitcoin with that if you keep spending it every month.

[awawo]

That is a good development and the Philippine has been a great supporter of cryptocurrency, being able to pay bills using bitcoin is a great eas for the whole community. But using bitcoin will always be a waist of a scarce commodity like bitcoin, and at that since you can pay for all this stuffs with fait currency.

[imstillthebest]

The Philippines has a large crypto followers and so it is not surprising that making daily payments in Bitcoin is just some steps away. It is a great way to say "Hello bitcoin".

Wow cool  . thats good to know that philippines got a large database of crypto users  but its not surprising that they have that kind of features as what on stated on the op because other country do have that too  . generally speaking those services are not country specific but instead they are global  because they can all be access online .

[Zadicar]

Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

With coins.ph wallet/platform you can eventually used these services which is really a great convenience specially for those people who do have crypto but on my part
im not actively using up my coins for the sake of paying up bills and other expense that you can use up with your coin.Better to save up for longer runs rather than actively spending it.
This is just my personal preference though.

[slaman29]

I have a question for your Filipinos on this forum, how is it I see so much news about Bitcoin adoption in your country, and so many Filipinos talk to me about Bitcoin (I meet many of them actually especially if you work with IT!) but actually not a single one of them spends Bitcoin like I do.

None are earning, all are buying their own, a few are trading but I don't consider that using. Basically, none of them earn or pay bills or anything. Is it because outside Philippines they are not really using Bitcoin? It doesn't make sense!

[Sexie]

Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

How true was that bitcoin now can be used as a mode of payments in the Philippines. So if that is really happening , bitcoin will become as one Of the  world currency  now  functioning  just  like the local currency. .

[rachellee]

Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

It's no surprise since even the small retailers in the Philippine market accept bitcoin as payment method. But the cost of using BTC as mode of payment is very unreasonable. Your BTC will automatically be converted by CoinsPH to peso, which is significantly lower compared to its actual value in the market. And I don't think it's wise to use bitcoin now since it has not realized its full value and potential yet. I don't wanna regret when bullrun comes, so I'm keeping my bitcoins for now. I honestly wanted to accumulate more of it if I have money to spare.

[erickkyut]

Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

It's no surprise since even the small retailers in the Philippine market accept bitcoin as payment method. But the cost of using BTC as mode of payment is very unreasonable. Your BTC will automatically be converted by CoinsPH to peso, which is significantly lower compared to its actual value in the market. And I don't think it's wise to use bitcoin now since it has not realized its full value and potential yet. I don't wanna regret when bullrun comes, so I'm keeping my bitcoins for now. I honestly wanted to accumulate more of it if I have money to spare.

The reason behind the lower rate of coinsPH when converting Bitcoin to peso than on it's actual value in the market is because those are the fees for the company. CoinsPH will use it to compensate their employees and other operating expenses.

[bL4nkcode]

But I wouldn't use Bitcoin to pay for anything that fiat can pay with unless it's very necessary, if I were you. Bitcoin is a provably scarce resource, don't waste it. HODL.

People who did this is those people who has insight of bitcoin as a a means of payment not a as a commodity.

Coins.ph does have a feature that your funds there were not affected in every move of bitcoin price (if you want), so it's okay to use it as a payment method for almost type of bills, from private to government facilities, utilities, insurance, gift certificates/cards for most of the famous stores, game credits and can even pay for donations to charities and etc. That's why it's too hard replace this service (bitcoin related) here.

[Latviand]

Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

It's true that you can pay your bills, card bills, buy games, and cellular load using the app coins.ph, that is why using this application is a big help for us because we don't need to convert our bitcoin into cash to pay bills.

[Fredomago]

Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

It's no surprise since even the small retailers in the Philippine market accept bitcoin as payment method. But the cost of using BTC as mode of payment is very unreasonable. Your BTC will automatically be converted by CoinsPH to peso, which is significantly lower compared to its actual value in the market. And I don't think it's wise to use bitcoin now since it has not realized its full value and potential yet. I don't wanna regret when bullrun comes, so I'm keeping my bitcoins for now. I honestly wanted to accumulate more of it if I have money to spare.

You have your own points and opinions, but bitcoin also needs to be introduce as a form of currency and not just an investment thing, opening a much
wider venue for people to also learn and understand how crypto works, if this can be showed in a daily transactions process more people will gather the
ideas and from each countries it will be start being adopted.

[SiDtHeBeSt]

It is good to know that how open the Philippines is to cryptocurrency hope my country would also become that open to cryptocurrency use. But actually seeing how the market is for Bitcoin currently and how scarce it is I wouldn't be spending my Bitcoin at places where fiat could be used.

[proTECH77]

Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

Philippines will come to the full light usage of Bitcoin when this Coins.ph are able to integrate Bitcoin payment to pay for Bills and Book for travel, hope that my own country will one day come to their right senses to adopt the use of Bitcoin as a method of payment. Bitcoin will be the future currency but more time for it to get there.

[teejayrichard2]

this is good. I am very happy a country like Phillippines is making so much progess with bitcoin even faster than most of the top developed countries. I am 100% positive we will see more countries adopt and use bitcoin for various forms of payment and transactions just like the Phillippines in time coming.

[mk4]

I have a question for your Filipinos on this forum, how is it I see so much news about Bitcoin adoption in your country, and so many Filipinos talk to me about Bitcoin (I meet many of them actually especially if you work with IT!) but actually not a single one of them spends Bitcoin like I do.

None are earning, all are buying their own, a few are trading but I don't consider that using. Basically, none of them earn or pay bills or anything. Is it because outside Philippines they are not really using Bitcoin? It doesn't make sense!

Simply because probably majority thinks that bitcoin will rise in price soon or long term, which definitely makes sense and is a very reasonable excuse to not spend bitcoin whether you like it or not. Also, they might have bought at a higher price hence they don't want to spend it. People not earning bitcoin straight off isn't uncommon, as some people prefers to focus on careers instead of trying to earn online.

[ralle14]

It's no surprise since even the small retailers in the Philippine market accept bitcoin as payment method. But the cost of using BTC as mode of payment is very unreasonable. Your BTC will automatically be converted by CoinsPH to peso, which is significantly lower compared to its actual value in the market.

The actual value isn't significant unless you're going to spend a lot consider it as the service fee for using their exchange. The money you lose due to their lower rates can be reduced since coins.ph has cashbacks whenever you pay your bill or buy load.

And I don't think it's wise to use bitcoin now since it has not realized its full value and potential yet.

Others don't have time to wait for Bitcoin's "full value".

[Finestream]

Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

I am using that app also. However, I do not use my bitcoin for travel. Bitcoin for meismyinvestment.

Same with my point too.Although it's really a great advantage for us but as long as i still have my fiat to cater to all my needs,i make sure that my bitcoins are still safe in my wallet.I know i will make a bigger profit from them once a bull run starts so for now,i still prefer to use paper money than using my bitcoins for my own convenience.

[DeadCoin]

Really interesting to hear. I expect my country to legalize and start accepting bitcoin as a currency for payment and many more. I just read a thread stating that a gentleman accepting bitcoin as payment in his Coffee bar in London. I am sure such good news will spread over encouraging new merchants and business man to accept bitcoin in their own respected shops.

[Tamilson]

How true was that bitcoin now can be used as a mode of payments in the Philippines. So if that is really happening , bitcoin will become as one Of the  world currency  now  functioning  just  like the local currency. .

That's still far to happen, many still don't have proper knowledge about bitcoin and I must say roughly 1% ( estimated ) of the population use or at least knew about bitcoin. Bitcoin popularity has just emerge and it's still young so it's indeed a long way to go for it.

I am using that app also. However, I do not use my bitcoin for travel. Bitcoin for me is my investment. I believe that waiting for its value to rise will give more profit.

Good for you and remember coins.ph is a third-party wallet so don't store your bitcoin there if you're planning to hold, instead use other wallet that let's you hold private key/seed.