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Author Topic: The use of Crypto currencies in our country.  (Read 1172 times)
yazher
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May 01, 2019, 04:20:19 PM
Last edit: May 01, 2019, 04:30:57 PM by yazher
Merited by bones261 (2), vapourminer (1)
 #1

Since the rise of the cryptocurrencies, there are so many countries adopting it so quickly and one of them is my country (The Philippines).
in early 2014 one of the first online Wallet was created and that was Coins.ph, according to Wikipedia Coins.ph is a financial services platform founded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson in Metro Manila, Philippines. this wallet helps us a lot for using bitcoins in many ways. today I want to show you the use of Crypto Currencies in our country with the help of this Online Wallet.

1. Paying Bills with BTC

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With the help of Coins.ph It only takes a few seconds to pay your bills in our country, Select the bill type you want to pay. You can use Coins.ph to pay your utilities (electricity and water), government services, broadband, telco, cable, credit card, and tuition fees.

2. Buying Load or (Phone Credit) with BTC

image loading...

In our country, you can also buy a load with BTC off course with the help of Coins.ph. and wait, it has a 10% rebate too if you buy 100 php worth of load you get 10 php rebate. that was cool right?

3. Buying Game Credits with BTC

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Coins.ph is the only game credit outlet in the Philippines that charges zero fees. You’ll always get the exact amount you pay for! This one really helps me a lot cause I don't need to go on Town Just to buy a Steam Wallet Code, All I need to do was load my wallet and Boom! my Steam Account is loaded with credits.

4. Cash out at Thousands of Locations

image loading...

We can also cash out our Crypto Currencies through these options: eGiveCash at Security Bank ATM. No debit card needed. Padala Centers like
M Lhuillier, Palawan Pawnshop, and LBCBanks such as UnionBank, Security Bank, and 30+ other banks.
As of now Coins.ph support Crypto Currencies such as BTC, ETH, BCH, and XRP.


so these are the things we can do in our country with our Crypto Currencies, what about you? what can you do with your Cryptocurrencies in your country?





Source:
https://coins.ph
https://en.wikipedia.org/wiki/Coins.ph


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May 01, 2019, 04:25:17 PM
 #2

I'm also currently residing in the Philippines. Let's be honest here. Though there are definitely a good number of bitcoin "investors" here, most people use Coins.ph's services(the ones you listed) through our local fiat, the Philippine peso. Some(or most) people are poor enough, to actually risk holding bitcoin for their payments.

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May 01, 2019, 04:48:55 PM
 #3

It's still hard to see bitcoin daily in every country.
Until people start using mobile wallets with few hundreds of dollars and scanning qr codes to make payments.... Or if some services like Airbnb or u we start accepting it.

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May 01, 2019, 04:54:09 PM
 #4

It's still hard to see bitcoin daily in every country.
Until people start using mobile wallets with few hundreds of dollars and scanning qr codes to make payments.... Or if some services like Airbnb or u we start accepting it.

I honestly don't see bitcoin being widely widely used(besides on countries that's overtaking economic crises) unless bitcoin becomes stable enough and unless wallets becomes too easy-to-use enough. It's going to take more years in my opinion.

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May 01, 2019, 05:51:41 PM
 #5

For those of you who didn't know and I think you'll be happy to hear about it is that coins.ph was recently bought by Go-Jek a ride hailing Indonesian company that recently became a fintech company when they launch GoPay locally. With the recent takeover it is said that they are expected to add various services to the existing local wallet provider. Services that involves more about financing such as micro-loans, and insurance services is expected to be added in Coins.ph soon. For the Philippines it may not be enough that only one or two companies (the other one is rebit) is making cryptocurrencies look useful in the country but to tell you the truth when it comes to crypto adoption we are in a better position compared to other countries even banks such as UnionBank and RCBC are moving fast when it comes to infusing blockchain and crypto into their businesses.

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May 01, 2019, 05:56:10 PM
 #6

I think bitcoin needs to stabilize prices, it will become popular in every country. The connection of sharks and news makes the price of bitcoin easily shaken, so bitcoin is a risk at this point.
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May 01, 2019, 06:30:03 PM
 #7

There are clubs in Makati that accepts bitcoin payments through coins.ph at one point, and if I'm not mistaken it is still an on-going deal in between the two. For me, the coins.ph wallet had been my go-to app whenever I don't want to meddle with people, line up and pay my bills. The last thing I wanted this service to have is to partner with grocery and retail stores for it to be the ultimate crypto service dealing with bitcoins, ETH and BCH.




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May 01, 2019, 08:30:18 PM
 #8

I don't know the country you from. But bitcoin purchasing abilities has not gotten that strong from where I am. You can only use it as a medium of payment when the other party accepts it
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May 01, 2019, 11:51:00 PM
 #9

This is pretty useful to all investors and bitcoin traders as they can always pay or buy whatever they want using bitcoin because of coins.ph good service.

Only investors and bitcoin traders really know the risk of what they are doing, so my estimation is that out of 100 users of coins.ph I guess there are only like 50% that really use bitcoin and other crypto currency for whatever purpose they like to achieve. But if bitcoin will be more and more popular this ratio will surely increase in favor of bitcoin.

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May 02, 2019, 12:09:24 AM
 #10

It's good to have such things in Phillipines as it's one of the most places where crypto has become a real life daily currency.
There's also another topic explaining this but not so much extensive information as yours which i appreciate to know.

Let's see what other countries will do by following Phillipines

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May 02, 2019, 12:18:30 AM
 #11

Though Philippines is a small nation, it is highly advanced with these kind of technology based adoption. It is hard to find similar services around the world in different countries. Going through the Op it is clear that almost every service can got under one platform accepting bitcoin for all its services.
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May 02, 2019, 01:06:14 AM
 #12

This is really useful for Filipinos who are engaged in using crypto. Although there's still a whole lot of Filipinos who don't know these things, we're lucky enough that it's accepted in our country and is also supported, with the help of coins.ph we can possibly do a lot of things with our bitcoin. It's much more convenient for us

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May 02, 2019, 01:10:53 AM
 #13



The business environment in the Philippines as far as Bitcoin and even other cryptocurrencies is facing a bright future. We have governmental agencies who are not closing their mindset on this new development as they know that the country can eventually benefit from this rising trend. The service provider called Coins.Ph has been doing a generally good job in responding to the needs f the Filipino people. I could not think many people can be able to participate with Bitcoin without Coins.Ph. And now we also have coming competitors all making this industry here merrier and more exciting.


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May 02, 2019, 01:17:19 AM
 #14

There are clubs in Makati that accepts bitcoin payments through coins.ph at one point, and if I'm not mistaken it is still an on-going deal in between the two. For me, the coins.ph wallet had been my go-to app whenever I don't want to meddle with people, line up and pay my bills. The last thing I wanted this service to have is to partner with grocery and retail stores for it to be the ultimate crypto service dealing with bitcoins, ETH and BCH.

This is what I was actually waiting for. There are a lot of stores in general especially in Robinsons' malls that accepts payments through PayMaya, but why not through Coins.ph? Not sure why it's taking so long, or if Coins.ph is actually trying their service to get accepted in the first place. I don't mind it even if the transactions go off-chain.

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May 02, 2019, 01:34:00 AM
 #15

In as much that Bitcoin is used people for the payment of goods and services, about 30% of the general population of people in the Bitcoin ecosystem actually use it for this. The remaining percentage are either trading with it to earn more or they are hodling it in their wallet waiting for the price of Bitcoin to raise in value. Bitcoin is now considered as an investment Asset by a lot of people in the crypto space than seeing it as a currency for transaction of goods and services.

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jakelyson
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May 02, 2019, 01:49:03 AM
 #16

Coins.ph have made great efforts to providing good services to us Filipino people. I often use their services for paying bills and getting phone credits. And through them, more people are getting acquainted with bitcoin and cryptocurrency. But I still see them as a centralized institution. They became the bank where we deposit our bitcoin and use their app to convert fiat and to pay bills.
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May 02, 2019, 01:57:32 AM
 #17

Coins.ph have made great efforts to providing good services to us Filipino people. I often use their services for paying bills and getting phone credits. And through them, more people are getting acquainted with bitcoin and cryptocurrency. But I still see them as a centralized institution. They became the bank where we deposit our bitcoin and use their app to convert fiat and to pay bills.
Coin ph is indeed one of the large exchange services. Even I, who lives in Singapore, used the service. I have known him since 2015, so in my opinion the reputation of the exchange is good and as long as I use it I feel very comfortable. Luckily for people in the Philippines, they get a good service in supporting crypto transactions.
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May 02, 2019, 02:55:22 AM
 #18

I have trouble when I want to use cryptocurrency to buy something especially buying something in my real life because there are not many offline stores accept cryptocurrency.
But I already try to buy a prepaid card with bitcoin in the past, and I am happy to use that. But still, it needs a third party service that can help me to convert my bitcoin to fiat.
That will be great news for people from your country since they can use cryptocurrency to buy many things and I am sure that the list of the merchant will grow in the future.


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turkandjaydee
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May 02, 2019, 03:34:34 AM
 #19

I have known this site since a long time ago because of their 0.001 btc airdrop before.  Grin
Sadly, even tho my country is also one of Philippine's neighbour country (Indonesia), there is not much services they offer in my country. There are only options for cash out and phone credit.
Those paying bills and buying credit games with BTC are really interesting services for me.

Even I, who lives in Singapore, used the service. I have known him since 2015, so in my opinion the reputation of the exchange is good and as long as I use it I feel very comfortable.
What are the available services provided by them in Singapore?

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May 02, 2019, 04:20:48 AM
 #20

I thought that eGiveCash at Security Bank ATM is no longer an option?

"Outlet is temporarily unavailable. Please visit https://status.coins.ph for live updates."

Anyways, Philippines is really a haven for cyrpto enthusiast. You can even buy Bitcoins at our local 7-11 stores. But adoption though is slow, we need more online and off line stores to accept Bitcoin as mode of payment.

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