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Author Topic: Bitcoin could be used to pay for Bills,load and for travel in the Philippines  (Read 18505 times)
bitcoindusts
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April 21, 2019, 09:46:05 AM
 #201

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. Cool
You are right but not all bitcoin holders have enough fiat so if their income is coming from bitcoin and it goes directly to their coins.ph wallet they don’t have much choice but to distribute their bitcoin to their daily responsibilities if possible. You know, some of them depend on Bitcoin and do not really hodl like other investors do but, still good for them they can use their them for their daily expenses.
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April 21, 2019, 10:43:04 AM
 #202

According to some information published in online newspapers, you can pay most of the costs in this country. Now that the Philippines has installed the first Bitcoin ATM in this country, you can convert Bitcoin into pesos and vice versa. The Philippines is a great country, and this is where we should travel in the future.

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April 21, 2019, 10:49:30 AM
 #203

According to some information published in online newspapers, you can pay most of the costs in this country. Now that the Philippines has installed the first Bitcoin ATM in this country, you can convert Bitcoin into pesos and vice versa. The Philippines is a great country, and this is where we should travel in the future.

Yes, with this exchange wallet if you have Bitcoin to use for travelling in our country you don't need to bother going to banks changing your money or fiat into PHP. Instead, you can just send some BTC to your coins.ph wallet and cash it out on banks and money pickups. It is easier here if most of the tourist spots are accepting Bitcoin, that will be more efficient to tourists that want to spend their BTCs.

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April 21, 2019, 10:55:04 AM
 #204

According to some information published in online newspapers, you can pay most of the costs in this country. Now that the Philippines has installed the first Bitcoin ATM in this country, you can convert Bitcoin into pesos and vice versa. The Philippines is a great country, and this is where we should travel in the future.

Yes, with this exchange wallet if you have Bitcoin to use for travelling in our country you don't need to bother going to banks changing your money or fiat into PHP. Instead, you can just send some BTC to your coins.ph wallet and cash it out on banks and money pickups. It is easier here if most of the tourist spots are accepting Bitcoin, that will be more efficient to tourists that want to spend their BTCs.

Not only that, there are 7-11 kiosk around wherein you can buy bitcoin. But I would agree that if tourist spots started to accept bitcoin, I'm sure it will be more convenient for most tourist. I'm not sure how much is adoption in the country except for coins.ph as major exchanges in the Philippines.

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April 21, 2019, 11:28:14 AM
 #205

This is very cool and i’m glad to hear it. But i think i wouldn’t use my BTC to make payments these days, it’s much better to wait and hodl for the next bullrun.

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April 21, 2019, 11:54:52 AM
 #206

here in my country philipines, we dont need to use a bitcoin for buying anything or something in mall or hotel and convenient store, because Bitcoin is not totaly well known by the people in this country of philipines even the coin.ph is not totaly use. my idea or my opinion is to hold the Bitcoin token and gamble for another transaction and to earn more.
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April 21, 2019, 12:06:39 PM
Last edit: April 21, 2019, 01:09:18 PM by carlisle1
 #207

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.

But bitcoin is too precious to spend for billing payment since the value is cheaper now .not unless you have no other source of income than crypto then maybe its reasonable

But for me as i have a work and earning from it,i can pay my bills using fiat from my salary
According to some information published in online newspapers, you can pay most of the costs in this country. Now that the Philippines has installed the first Bitcoin ATM in this country, you can convert Bitcoin into pesos and vice versa. The Philippines is a great country, and this is where we should travel in the future.
Lol Bitcoin ATM was installed several years ago in Makati and Baguio so whats that First Bitcoin ATM you are saying?and what Newspaper whas that?and coin PH wallet has been around couple of years back in which you can buy some amount In 711 stores and convert to 4 difference cryptocurrency’s
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April 21, 2019, 12:16:57 PM
 #208

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 nice and all that you can pay your bills and such using bitcoin, we can see that bitcoin really has its use for public in the future. But for now, I think its not best to use your bitcoin on such matters where you can use fiat money to pay. Maybe in sometime where Bitcoin becomes recognized by the public for its use and become regularized, we can use Bitcoin for such transactions.
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April 21, 2019, 12:18:26 PM
 #209

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.

Actually, I am satisfy with the usage of cryptocurrency here in the Philippines. Coins.ph gives all Filipino crypto enthusiast an access everywhere in this planet. We can share digital currencies, send from our kin and pay all of the bills in our home. Yet, we are looking forward for the development of this wallet where we can reserve tickets or book in a plane.



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Rainbot
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April 21, 2019, 12:26:43 PM
 #210

It is good to know that a lot of countries are starting to be aware of crytocurrency. Using coins.ph in our country is really convenient. We get rebates and discounts too if we use the web wallet to pay bills nd utilities.

Philippines seem to be the luckiest to adopt cryptocurrency for her citizens. The government of the Philippines are doing great becasue her citizen can use cryptocurrency to pay bills and also, give them the power to accumulate coins to their respective wallet for use. Using coins.ph look great as it come with some discounts.

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April 21, 2019, 02:24:29 PM
 #211

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 hope this will happen also in the whole asian nation because philippines is more luckier than any other country in asia for having a government in which neutral to cryptocurrency and bitcoin can be bought and accumulate in many areas,with ATMs installed in strategic locations,with wallets in local forms that can convert fiat to crypto and crypto to fiat.and some stores that can buy also bitcoin one of luckiest

Not only that. Philippines is found to be a great location to build and grow blockchain and cryptocurrency products. The country's regulators, Bangko Sentral ng Pilipinas (BSP) and Securities and Exchange Commission (SEC), are open to the huge possibility of adopting blockchain and cryptocurrency and are currently working hand-in-hand to regulate such to protect Filipino people. This is not only good news but great news to its users because they will feel more secured and confident in dealing with this new trend. I just hope other countries will do the same thing for this a huge step towards the total acceptance of blockchain and crypto.

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April 21, 2019, 03:14:24 PM
 #212

It is good to know that a lot of countries are starting to be aware of crytocurrency. Using coins.ph in our country is really convenient. We get rebates and discounts too if we use the web wallet to pay bills nd utilities.

Philippines seem to be the luckiest to adopt cryptocurrency for her citizens. The government of the Philippines are doing great becasue her citizen can use cryptocurrency to pay bills and also, give them the power to accumulate coins to their respective wallet for use. Using coins.ph look great as it come with some discounts.
to be honest the philippine government isnt doing great, there are alot of corruptions happening inside the country and our lunatic president is selling us to china, im surprise that the government allowed cryptocurrency to be security, i guess our president doesnt give a damn about crypto.
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April 21, 2019, 03:19:18 PM
 #213

It is good to know that a lot of countries are starting to be aware of crytocurrency. Using coins.ph in our country is really convenient. We get rebates and discounts too if we use the web wallet to pay bills nd utilities.

Philippines seem to be the luckiest to adopt cryptocurrency for her citizens. The government of the Philippines are doing great becasue her citizen can use cryptocurrency to pay bills and also, give them the power to accumulate coins to their respective wallet for use. Using coins.ph look great as it come with some discounts.
to be honest the philippine government isnt doing great, there are alot of corruptions happening inside the country and our lunatic president is selling us to china, im surprise that the government allowed cryptocurrency to be security, i guess our president doesnt give a damn about crypto.
You are right but in blockchain technology if all of the precautions applied correctly and the process is made very precise and the government give support to it in order to present their wallet and banking support then they all will not be able to do corruption as the transactions in this field is public and the people who regulate the system will easily catch the corrupt people.
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April 21, 2019, 03:28:23 PM
 #214

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.


Philippinian government has done the right decision by adopting bitcoin, i hope that other governments would also follow. It is definitely a alternative and better option for the people to pay utility bills with bitcoin. By the way, if you have got fiat currency then pay these bills and other expenses with fiat instead of bitcoin, as bitcoin is more valuable than fiat.
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April 21, 2019, 03:52:33 PM
 #215

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.

wallets on an exchange are not secure.because exchange trade millions of bitcoin per day,they are prime targets of the hackers.so,create multiple backups of your files that are related to your coins.create back of it with passwords,zip file,whatever you can do to make sure no one can access it but you.
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April 21, 2019, 09:00:41 PM
 #216

The Philippines for quite some time now have been making so much positive move in the crypto space. Its really amazing how bitcoin is being used currently in the country. This goes to show bitcoin adoption is on the increase and I am very sure soon enough, other countries will see the benefits which Philippine gets from using bitcoin for different transactions and will be moved to adopt bitcoin for usage.

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April 21, 2019, 09:22:40 PM
 #217

can foreigners enjoy this fantastic opportunity of using this native bitcoin wallet of the Philippines?
In my country, Crypto can be used as form of payment to any of a product. It's just that, a third party is needed to make transaction possible. An online shop available in my country could accept Bitcoin as a form of payment, all kind of good is just one click away with the use of crypto wallet. But I prefer not to spend my coin but to hold it for longer period of time.
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April 21, 2019, 09:35:59 PM
 #218

Bitcoin is already used to pay bills. Many people in the Phillipines surely were already paying their bills with Bitcoin, but ok, this is still such an amazing development because it means that even more people will be doing so. We need any people to switch from fiat to Bitcoin in order to grow our market cap and be taken more seriously by the old rich guys of this planet!

Are you sure about paying bills wih your Bitcoin? Or are you going to convert it to your local fiat currency first before paying anything. You might be paying more or less than the total amount of your bills if you pay it directly with your Bitcoin, converting them could help you assure youre paying the exact amount, since the very volatile nature of Bitcoin will fluctuate anytime, it might fluctuate during the time you process the payment if you use Bitcoin directly.
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April 21, 2019, 09:39:33 PM
 #219

 Cool
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April 21, 2019, 11:17:07 PM
 #220

can foreigners enjoy this fantastic opportunity of using this native bitcoin wallet of the Philippines?
In my country, Crypto can be used as form of payment to any of a product. It's just that, a third party is needed to make transaction possible. An online shop available in my country could accept Bitcoin as a form of payment, all kind of good is just one click away with the use of crypto wallet. But I prefer not to spend my coin but to hold it for longer period of time.
Now that is awesome for a country to have a payment method through cryptocurrency. It is amazing to see how some countries are fully trusting bitcoin as their payment method despite of the bad news and discouragement from some countries. Bitcoin is a really good payment method and it not also serve anonymity to the users but also a huge chance of profit to the receivers though.
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