The use of Crypto currencies in our country.

[matt7]

I can't do anything with bitcoin in my country

Even though you can't use your btc in your country, I would recommend you holding it, or you can buy some more (using exchange or services like buycoinnow which is cryptocurrency payment processor, hoping that some day regulations in your area will change. It's a great investment, and looking at this from the other perspective - you won't be tempted to spend your bitcoins ;p

Agree. Since the very beginning, the number of potential usages of Bitcoin is growing. There are more and more places where you can pay with it. And in the end, you can always sell it when the price will be high.

True. There is not only more places where you can pay with BTC but also more places where you can buy it, like the website you mentioned, in am easy and really fast way

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[joinfree]

I wish all the other countries who are making a whole lot of derogatory remarks about cryptocurrencies and its use would see the benefits that the people of Philippines are gaining from it. Cryptocurrency can be used as an accepted medium of payment. All that is really necessary to do is to educate people about it and show them how to use it. Hopefully this would be achieve in future.

[zee11225]

It was something very great and very different from my country that even people who knew crypto were still very far from 10% of the total population and that caused a lack of support to spread the news and benefits of crypto.

Having crypto is like having wealth stored digitally, especially if the price of bitcoin rises to USD 20,000 like 2017, many people become millionaires.
But the policies of each country are not the same, there are even countries that prohibit the use of crypto because it harms the government. My country's policies are quite wise, not prohibited, but not a means of payment.

[efxtrader]

I wish all the other countries who are making a whole lot of derogatory remarks about cryptocurrencies and its use would see the benefits that the people of Philippines are gaining from it. Cryptocurrency can be used as an accepted medium of payment. All that is really necessary to do is to educate people about it and show them how to use it. Hopefully this would be achieve in future.

The obstacle is on government regulation. Many government not allowing crypto transction in merchant but allow traded in local exchangers. This happen in my country, can not use for merchant transaction but there is big local exchanger with fiat currency pairs

[Mike Mayor]

I think its great that coin.ph allow you to pay for your bills that is a massive jump forward for crypto. Good to see countries embracing it. Can you also buy other physical items?

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.

According to the information you shared, I found that in this country, Bitcoin grows but is only popular among rich people? The poor people do not have money to invest in Bitcoin and ICO projects, so it is still not completely popular in the Philippines. I think Bitcoin should be promoted through national television to become more popular.

You don't need lots of money. You can convert what you already have into btc. It is changing quickly though so I think only some will buy bitcoin. What you talking about is the rich risking btc as an investment with extra money they can afford to lose. Some who cannot afford to lose money might still buy bitcoin since it helps and makes it much easier to spend and pay for bills.

[Sonik33]

I live in Indonesia. My country still does not allow the use of transactions by using crypto currencies. The use of crypto currencies in my country is not prohibited but is illegal. The government does not cover all losses arising from crypto currencies. Therefore crypto currency cannot be used as a payment medium in my country. Crypto currency is only used for investment or trading. But I am sure that someday my country will receive crypto currency as the currency that is worthy of being used for payment transactions.

[mayukus4life]

I think it is just a matter of time, using cryptocurrencies as a medium of payment will get the utmost publicity and adoption it deserves. Like, it’s rightly stated that Bitcoin is being used for payment for services in the Philippines, it will get the desired attention with time. It’s already a movement that cannot be tamed but nurture to grow.

[Aptekary]

There have repeatedly been a statement about the creation of a national cryptocurrency, In addition, in my country a certain cryptocurrency exchanger begins to operate.  In addition, ico company  recently completed a project called the First National Cryptocurrency Bank.  Although there is still no legislative basis for such activities, but I think that these are only preparations for a very promising future.

[Nanagyasi]

It is a great news your country has seen the future so early and you can use btc to perform all these. I wish the situation is same in my country so we can actually enjoy every bit of the benefits of btc use. I'm just hoping it is legalised in my country too

[princesspoppy]

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.

I do agree on this. Coins.ph can be used as a digital wallet where we can deposit fiat money and store it there together with cryptocurrencies like bitcoin,  ethereum, ripple and bitcoin cash but most users only use fiat money that are stored to their wallets,  some do not even know this cryptos and are not even interested to know it.

[automaticmoney]

Utility use of crypto currency  is blocked in india before in 2017 India about to see mass adoption  Unocoin company planned to launch crypto Pos there after india completely ban use of btc for merchants

[MFahad]

I wish all the other countries who are making a whole lot of derogatory remarks about cryptocurrencies and its use would see the benefits that the people of Philippines are gaining from it. Cryptocurrency can be used as an accepted medium of payment. All that is really necessary to do is to educate people about it and show them how to use it. Hopefully this would be achieve in future.

It will be happened when all countries's governments accept bitcoin or crypto currency and allow to use it in legally manners. As we know only few countries allow crypto currencies in their countries and a lot of countries ban it because they don't faith on bitcoin or crypto currency, same here in my country, crypto is not allow to use it but people use it and do trade hiddenly.     

[CBANX2]

Many countries are now adopting cryptocurrency for virtual payments such as Bill Payment, credit card payment, etc. and the use of Bitcoin in the corporate sector is creating a ground for the cryptocurrency in the open market.

[bering]

For those who live in the countries were adopted bitcoin they might be easilly to see bitcoin used for daily life but could be different situations if people from the countries who still not admitted bitcoin as the currency that they cannot use bitcoin for their daily life so also with me in my country that currently i only can use my bitcoin as virtual assets and trading tools and i could not use my bitcoin at the shopping malls or daily life

[Mike Mayor]

For those who live in the countries were adopted bitcoin they might be easilly to see bitcoin used for daily life but could be different situations if people from the countries who still not admitted bitcoin as the currency that they cannot use bitcoin for their daily life so also with me in my country that currently i only can use my bitcoin as virtual assets and trading tools and i could not use my bitcoin at the shopping malls or daily life

Have you looked properly? It is still a while until we have physical bitcoin transactions with people. Online stores many accept bitcoin as a payment with the payment processor like coinpay and bitpay for example.
Bitcoin doesn't need to be admitted or recongines as a currency to be used. I prefer it not to be recognised then I can say its magic internet money and its not real.

[xSkylarx]

I wish all the other countries who are making a whole lot of derogatory remarks about cryptocurrencies and its use would see the benefits that the people of Philippines are gaining from it. Cryptocurrency can be used as an accepted medium of payment. All that is really necessary to do is to educate people about it and show them how to use it. Hopefully this would be achieve in future.

It will be happened when all countries's governments accept bitcoin or crypto currency and allow to use it in legally manners. As we know only few countries allow crypto currencies in their countries and a lot of countries ban it because they don't faith on bitcoin or crypto currency, same here in my country, crypto is not allow to use it but people use it and do trade hiddenly.     

I think main reason why it is not that easy to make bitcoin acknowledged by some countries is because it can be easy to perform money laundering by using bitcoin. Criminals can send and receive money in the form of bitcoin or any other crypto to many countries in short span of time. Transactions are anonymous making those criminals difficult to capture.

[Eraldo Coil]

To be honest, I didn't expect this move from our Country. Yes, I know that coins.ph existed before but accepting it like this is just great for us. And I hope that they will do the same thing as well in other countries. I invited some of my friends to this forum but they seem rushing for money instead of focusing in the technology cryptocurrencies can bring. If there is any thing that should be regulated, that is money laundering by the use of cryptocurrency.

[nydiacaskey01]

Bitcoin in my Country is used as usual like in other Countries to buy items online and even in restaurants and boutiques. I met with a high school friend of mine who is also in Cryptocurrencies and together we had this idea putting up a car wash that accepts Bitcoin as payment. We thought it is a good idea because by the time full service is done, transaction maybe completed. This car wash that we plan to put up will be complete with a cafe that serves burgers and frappes.

[DoublerHunter]

Not only online store bitcoin can be used here in my country, but also it can be used in a coffee shop and or even there's an internet shop here who also accepted bitcoin. Online stores are very common that they also have to use bitcoin but I think usually you need to convert first to fiat then purchase the product online. The outside store that accepts bitcoin is only to scan their QR code and then automatically send your payment to them.

[rodel caling]

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.

You had a point some or most of the filipino people are poor but doesn't mean their nothing capable to invest in bitcoin or crypto because their are so many ways take and grab the opportunity to become a bitcoin holder to get possible to change life in the future.