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Author Topic: Businesses in Manila accepting crypto as payment (hotels groceries, cars, houses  (Read 879 times)
Tyr808 (OP)
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June 06, 2020, 11:51:12 PM
 #1

What are the main businesses in Manila currently accepting crypto as direct payment?
Anything really - coffee shops, groceries, cars, gold, houses, hotel bookings and so forth.

Would be good if there was one single web page in English keeping an up to date list of those.
- free advertisement for those shops who would be keen to get listed on the page once running
- good resource for international crypto travellers
- promoting crypto adoption (for what it's worth) in the country
- website operator would profit from say shilling reflinks or top ad solutions for shops willing to pay some extra for added visibility

Unless there's already something like that?

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June 07, 2020, 12:28:37 AM
 #2

check mo tong thread na to Small Business that accept bitcoin or cyptocurrency here in PH, worth it ba? they post businesses there that accept bitcoin you might find a store located in manila or near manila area that accepts bitcoin.

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June 07, 2020, 07:17:49 AM
 #3

~ Unless there's already something like that?
My search always leads me to this old article - Got some bitcoins to spend? Here are 7 merchants accepting bitcoins in the Philippines
Most stores/establishments listed there are no longer in operation while the others no longer accepts bitcoin.



It would be nice if someone could actually set it up and maintain it but it's going to take time.

Another old article (my new find) but I haven't verified yet if they still accept btc - Stores in the Philippines That Accepts Bitcoin
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June 07, 2020, 07:49:03 AM
 #4

Unless there's already something like that?

I think hindi ganoon mapopromote yung use ng crypto bilang mode of payment sa mga local stores and merchants. Why? We already have GCash and Paymaya, in which mas convenient kasi local fiat ang gamit and hindi magfafluctuate yung price compared to crypto. Yes, users can invest easily in crypto, but then mode of payment? I think malulugi lang sila kung ganoon. And also, hindi pa ganoon katanggap yung crypto kaya medyo matagal pang process pag dadaanan nito para maapprove ng DTI and even BSP na gamitin to bilang modern mode of payment.

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June 07, 2020, 04:15:03 PM
 #5

I think mahirap ipromote ang paggamit ng cryptos dito sa bansa natin. Ang mga pinoy sa pagkakakilala ko ay multitasker para lang kumita ng pera. Sa tingin ko manghihinayang ang karamihan na gastosin mga bitcoins nila just for liesure or simple things. Mas gugustuhin pa nila gumamit ng fiat kasi alam nila na volatile ang cryptos. Its either gumastos sila then biglang bumagsak o tumaas ang price.
My ganung mindset na kasi tayo.
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June 07, 2020, 05:30:56 PM
 #6

For other members who have already posted their answers in Filipino I think it's important to say that the OP does not understand our language as I recalled on the past topic he have created here in our local board, so maybe adjusting/editing your post in English would help this guy better understand the crypto acceptance here in the Philippines. @OP to answer your question what businesses accept cryptocurrencies here in the Philippines your choice will only be limited to small businesses who have owners that have an interest in crypto but after that there are no big companies like groceries, malls, real estate, car manufacturers accepting crypto as a direct payment, to give you an idea the link mentioned by acroman08 in his post is what type of businesses accept crypto here in the country it's mostly in Filipino though but you can easily translate it with your browser.

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June 07, 2020, 09:35:54 PM
 #7

I’ve tried looking for those businesses who accepts bitcoin before in Metro Manila but unfortunately, I didn’t find anything. Though I found a vlog from coinsph regarding businesses who accepts bitcoin so I called them to ask if they still accept bitcoin but unfortunately all of them is not active anymore. Businesses in Philippines still refused to accept bitcoin maybe because of so many reason especially the volatility of bitcoin. Its good to have a site about this one but I didn’t know anything aside from the news on Bitpinas.

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June 08, 2020, 12:05:12 AM
 #8

It's a good idea if someone will create such websites with updated business that directly accept crypto coins as a payments. This will help us to easily find where shall we spend our bitcoins to the near place where we are located.
I only saw one website but this wasn't updated and was posted 6 years ago. Maybe if ever someone will create a website like what you have suggested, it is easier for us to find those and would be a great help for the desired adoption.
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June 08, 2020, 04:59:00 AM
 #9

Well, I've been traversing the main roads of Manila, specifically from Pasig to Makati, then Taguig (BGC) to Pasig (and its nearby cities) and sad to say, I can't remember any instance where I see any establishment that openly accept BTC as of mode of payments for their services. There may be some small business available here and there but they are not searchable in the net and you (nor I) won't be able to know that they existed if you're not locally involved with them.
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June 09, 2020, 02:59:55 PM
 #10

In my experience naman very small as in hirap ka na hanapin ang mga establisimiyentong tumatanggap ng Bitcoin o ibang Cryptocurrencies sa Metro Manila. Lalo pa ngayong panahon ng pandemiya, lahat sila siguro busy sa ibang bagay at mas busy para sa survival, up to the point na hindi na muna tatakbo ang negosyo. If there is a system in the Metro that has this acceptance sa cryptocurrency para gamitin ng mga tao like in Fiat currency, mas marami tayo maachieve.

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June 09, 2020, 04:34:39 PM
 #11

Marami na ring mga pinoy ang pumapasok sa mundo ng cryptocurrency at paggamit ng bitcoin pero base sa experience ko wala pa kong na-encounter na businesses or any establishments na nagaaccept ng bitcoin or cryptocurrency as payment. Kaya nagagamit ko palang ang aking bitcoin sa pagbayad ng bills, online shopping at gaming pins through online. Pero buti nalang nauuso na ang digital currency at pagbayad sa mga mall gamit ang e-wallet tulad ng gcash at paymaya dahil hindi natin kailangan maghanap ng banko para magwithdraw ito into fiat dahil pupwede natin ito ilagay sa ating e-wallet na convenient saating mga crypto users.

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June 09, 2020, 05:13:53 PM
 #12

I think mahirap ipromote ang paggamit ng cryptos dito sa bansa natin. Ang mga pinoy sa pagkakakilala ko ay multitasker para lang kumita ng pera. Sa tingin ko manghihinayang ang karamihan na gastosin mga bitcoins nila just for liesure or simple things. Mas gugustuhin pa nila gumamit ng fiat kasi alam nila na volatile ang cryptos. Its either gumastos sila then biglang bumagsak o tumaas ang price.
My ganung mindset na kasi tayo.

I think thats why specifically "Manila" ang tinatanong ni OP so since ito ang sentro ng kalakaran sa bansa ay mas madaling mag market gamit ang cryptocurrency.
Kumbaga sa ma maraming opportunity na sa manila mag spend ng Bitcoin ang kapwa natin pinoy ganon din ang mga Dayuhan na merong hawak na Bitcoin at willing gumastos pag bumisita sila dito sa Pinas.









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June 17, 2020, 05:24:02 AM
 #13

Susundan ko tong thread mo paps, naghahanap din kasi ako ng mga stores and serevices na tumatanggap ng crypto para kasing ang astig ng dating kapag ang ibabayad natin ay btc at ibang alts na stable na ngayon sa market. Sana may makapagshare na within QC lang.  Smiley Smiley
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June 17, 2020, 09:51:47 AM
 #14

At one point in time, bars in Ortigas and in Makati were accepting bitcoin and ETH for drinks and the entrance fee in partnership with coins.ph for a promotion I believe. Hindi ko lang alam kung hanggang kailan nag-run yung said promotion pero I believe na hindi naman talaga siya ganun kabenta. Most businesses that accept cryptocurrencies are situated far from the capital, ironically, gaya nga dun sa isang thread na nag-outline na marami sa Pampanga, Cavite at sa ilan pang probinsya ang talagang nag-aaccept up to this day unlike ngayon.

Siguro when a massive surge comes once more, magkakaroon ulit ng iilang shops and businesses dito sa NCR na mag-accept to ride the hype, pero hopefully they stay as is for good na to promote bitcoin as a payment method and its utility sa pagbili-bili and not just some other investment scheme.

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June 17, 2020, 08:14:09 PM
 #15

At one point in time, bars in Ortigas and in Makati were accepting bitcoin and ETH for drinks and the entrance fee in partnership with coins.ph for a promotion I believe. Hindi ko lang alam kung hanggang kailan nag-run yung said promotion pero I believe na hindi naman talaga siya ganun kabenta. Most businesses that accept cryptocurrencies are situated far from the capital, ironically, gaya nga dun sa isang thread na nag-outline na marami sa Pampanga, Cavite at sa ilan pang probinsya ang talagang nag-aaccept up to this day unlike ngayon.

Siguro when a massive surge comes once more, magkakaroon ulit ng iilang shops and businesses dito sa NCR na mag-accept to ride the hype, pero hopefully they stay as is for good na to promote bitcoin as a payment method and its utility sa pagbili-bili and not just some other investment scheme.

I can see a lot of reasons kung bakit mas madami sa rural areas ng bansa kumpara sa mga urbanized areas natin isa na dito is yung pagiging tourist spot ng mga lugar na ito which for any business will always find away to accept most of the payments the tourist will have, I've visited several tourist spots na din sa ibang bansa at kahit mga provincial areas ito at hindi modernized katulad ng mga siyudad they have atms, small stores na tumatanggap ng credit card payments, as well na din cryptocurrencies kaya siguro madami tayong napapansin na ganito sa mga pronbinsya. Bukod dun medyo ideal na din ang pag-tanggap ng crypto sa mga lugar na ito dahil in some cases yung volume ng tao ay hindi ganun kadami sa probinsya na pwedeng maging maayos yung flow if ever may nag-bayad/nag-transact through crypto payment, pag nasa city ka and yung na-una sayo magbabayad ng Bitcoin expect mo na hahaba yung pila dahil dito.

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June 18, 2020, 12:43:37 AM
 #16

What are the main businesses in Manila currently accepting crypto as direct payment?
Anything really - coffee shops, groceries, cars, gold, houses, hotel bookings and so forth.

For that, if you have coins.ph account, refer to their supported merchants. Not a direct payment though but at least your BTC balance can be used.

The majority of businesses in Manila are far from accepting crypto payment. The most used here is fiat cashless system e.g GCASH, Paymaya, Debit Card, Credit Card which is much quicker and less hassle. So if you want to use your bitcoin, the best thing to do is to cash out from these payment services then used it directly to the merchants. No need to purchase a card as scanning the QC code to make payments is enough.

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June 19, 2020, 09:02:10 AM
 #17

It's kinda hard to find a merchant or shops that actually accept crypto payment here in Manila. I tried searching but I only saw old articles so I am not sure if those stores still accept bitcoin payment or if they already stopped. Even though I'm living in Metro Manila, I have not encountered nor found a shop that accepts bitcoin payment. It's kinda understandable since most Filipino people still depend on fiat and does not have any idea about crypto and bitcoin. And I also think that one of the reasons why we rarely see shops that are open to crypto payment is because most customers might just ignore this option since fiat is more convenient for most.

If I'm not mistaken, there is a topic here in the local board before about Paolo Bediones saying he made his first bitcoin transaction in his resto-bar. However, I don't know if they are still open for crypto payments since the tweet he made last 2017 was deleted already.
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June 19, 2020, 09:40:18 AM
 #18

It's kinda hard to find a merchant or shops that actually accept crypto payment here in Manila...
Siguro mga Php150k pwede ka na mag start ng sarili mong merchadise then payment method is crypto, syempre kailangan i-consider yung value so siguro weekly change ka ng price for the items. Pwedeng pwede ang ganito sa ONLINE BUSINESS tutal naman yun ang usong uso ngayon sa kabila ng pandemyang kinakaharap natin. Although kakaunti pa nga lang talaga ang nakakaalam kung kaya kakaunti din ang posibleng gagamit ng gantong pamamaraan sa pagbabayad.

Katulad ngayon mataas ang value so malamang yung iba dyan iisipin na much better kung PHP pa rin ang gagamiting pambayad or credit cards.
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June 19, 2020, 10:45:42 AM
 #19

It's kinda hard to find a merchant or shops that actually accept crypto payment here in Manila...
Siguro mga Php150k pwede ka na mag start ng sarili mong merchadise then payment method is crypto, syempre kailangan i-consider yung value so siguro weekly change ka ng price for the items. Pwedeng pwede ang ganito sa ONLINE BUSINESS tutal naman yun ang usong uso ngayon sa kabila ng pandemyang kinakaharap natin. Although kakaunti pa nga lang talaga ang nakakaalam kung kaya kakaunti din ang posibleng gagamit ng gantong pamamaraan sa pagbabayad.

Katulad ngayon mataas ang value so malamang yung iba dyan iisipin na much better kung PHP pa rin ang gagamiting pambayad or credit cards.

kung coins.ph lang naman ang main nag pagkukunan ng bitcoin at doon rin tayo mag exchange, siguro hindi gaaanong viable ang business using bitcoin dahil sa exchange rate, medyo masakit.

kagaya now.. kung ang isang buyer bibili ng bitcoin sa coins.ph (regardless of the payment method) ang makukuha niyang price is  486,636.75  while kung mag bebenta naman is 467,318.61, so malaking pasanin sa buyer dahil over 19k pesos ang kailanga niyan para lamang mabili ang item dahil yung seller is based naman talaga siya sa exchange standard exchange rate at kung minsan, bumababa rin ang exchange rate ng coins.ph compared sa standard price.
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June 19, 2020, 04:07:46 PM
 #20

I have heard about Abra app and the opportunity it brings to Cryptocurrency enthusiasts around the world. Do you know if that is a Filipino owned company? I would consider that a business that uses crypto as mode of payment. Though I am not familiar with the said platform and I do not have any idea how it works, it has been a talk of the crypto town a long time back. I'm just curious if any of you have tried it.

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