Its a stepping stone
But as long as their are a lot of places that provide exchanges for Pesos in the phillippines then it will work well.
Have integration with Globe and Smart and it will succeed pronto ^^.
Ton of those stores everywhere.
Topic: [2014-08-25] Companies see bitcoin’s potential in PH (Read 832 times)
legendary
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I agree that bitcoin could play an important role in Philippines. I know a lot of seamen are Filipino and they send money back home all the time using western union. Think of the all the fees they could safe.
I think bitcoin industry is still long way away from competing with credit cards or even PayPal as far as remittances are concerned.
I give it 5 years for smartphones to be so cheap and infrastructure coming online in the third world, that banking by yourself becomes possible for poor people. Imagine their power.
If we can start dominating the remittance market, this alone would send the price through the proverbial roof. Raise up poor people and help set them free from their current slave boxes and lack of opportunities.
http://www.sunstar.com.ph/cebu/business/2014/08/24/companies-see-bitcoin-s-potential-ph-361554
Not many know how bitcoins can be exchanged or used but Nick Sullivan of ChangeCoin believes that with time, more people will appreciate using bitcoins to purchase things online. He added that with many overseas Filipinos sending their money back to the Philippines, they will appreciate using bitcoins.
Not many know how bitcoins can be exchanged or used but Nick Sullivan of ChangeCoin believes that with time, more people will appreciate using bitcoins to purchase things online. He added that with many overseas Filipinos sending their money back to the Philippines, they will appreciate using bitcoins.
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