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Topic: A Public Market is Turning 'Cashless' in the Philippines - page 4. (Read 1216 times)

hero member
Activity: 1246
Merit: 588
Its great to see more and more countries ready to be cashless, cashless payment can be more efficient and fast way to do transaction and every people in society now looking for more and more quick way to make transaction and cashless payment could eliminate the cost to produce the fiat especially the coin, and this cashless payment could be the trigger for crypto adoption
It isnt still unless the transaction process will be solved. Mind that the main reason why this people uses this type of payment option because it is way more convenient than bringing physical money. Now for the current situation of bitcoin it directly defeat the purpose of being convenient in any ways
full member
Activity: 616
Merit: 100
FRX: Ferocious Alpha
 Shocked This is really quite amazing of all places and establishment in the Philippines its in the public market that start its cashless payment...and this is a good sign too that people are getting to know digital currency and began to adapt it in their business. This is also one indication of growing economy.
full member
Activity: 560
Merit: 101
This is quite interesting since even a public market where most of the time common folk buy their everyday needs is accepting digital payments.
It is good to see that even a third world country like the Philippines is slowly adapting the cashless society though there are still some people who are reluctant to use this kind of technology and still prefer the conventional method but with persistent education by the people in charge, i am sure they will adapt.
hero member
Activity: 1274
Merit: 516
Its great to see more and more countries ready to be cashless, cashless payment can be more efficient and fast way to do transaction and every people in society now looking for more and more quick way to make transaction and cashless payment could eliminate the cost to produce the fiat especially the coin, and this cashless payment could be the trigger for crypto adoption
full member
Activity: 504
Merit: 100
it seems that I also think that way, cryptocurrency will be an online payment tool, and is equivalent to other online money, but cryptocurrency has a fluctuating price, maybe this is why people are afraid to use and store crypto.
member
Activity: 378
Merit: 55
Be Good to me!
'The new Marulas Public Market in Valenzuela City is the first-of-its-kind ‘DigiPalengke’ initiative in Northern Metro Manila where an entire marketplace is equipped to accept mobile cashless payments.'

https://pia.gov.ph/news/articles/1015376

--

This is quite interesting since even a public market where most of the time common folk buy their everyday needs is accepting digital payments. While this is not entirely related to cryptocurrency, it's as if the people are slowly seeing the convenience and security cashless payments offer to their everyday lives. For years, scan-to-pay stores are just confined within the walls of malls and luxurious places but it seems that we're slowly bringing it to the masses and eventually, it will be the norm to pay only with our smartphones and pre-loaded accounts--and in the future, possibly even cryptocurrencies.

Thats good its started to be a cashless society and lm glad that it will be given soon the price rating increase in the market for us to be ready on a cashless society.
member
Activity: 322
Merit: 10
If that is true that a public market is turning out cashless in the Philippines then that is a good leap if it is using digital payments like cryptocurrency, that is not impossible because technology is fast rising and that if they adopt that cashless payments then it brings confort to the holders of cryptocurrency.
sr. member
Activity: 1232
Merit: 266
> CAMPAIGN MANAGER < https://t.me/TheAndy500
And this is the direction in which the whole world goes. Previously, a camera, video camera, tape recorder, and even a calculator or flashlight were used as separate devices. Now everything becomes compact and we can find it only in one phone. Credit cards are still used as a separate item, but soon they will also be replaced with applications on our phones- replaced by cryptocurrency Wink
full member
Activity: 980
Merit: 114
I like this kind of development and I will said it is a good development that might help the market.  Traders in cryptocurrencies market which everything to became cashless.  Philippines governments are really cryptocurrencies friendly and I believe that this is going to help there economic in future.
full member
Activity: 264
Merit: 100
'The new Marulas Public Market in Valenzuela City is the first-of-its-kind ‘DigiPalengke’ initiative in Northern Metro Manila where an entire marketplace is equipped to accept mobile cashless payments.'

https://pia.gov.ph/news/articles/1015376

--

This is quite interesting since even a public market where most of the time common folk buy their everyday needs is accepting digital payments. While this is not entirely related to cryptocurrency, it's as if the people are slowly seeing the convenience and security cashless payments offer to their everyday lives. For years, scan-to-pay stores are just confined within the walls of malls and luxurious places but it seems that we're slowly bringing it to the masses and eventually, it will be the norm to pay only with our smartphones and pre-loaded accounts--and in the future, possibly even cryptocurrencies.

Well this is true, and it was actually a great start for our community, in which we are one of the most progressive city in the Philippine ,in behalf of this situation we can say that it has both advantages and disadvantages , advantage is that an easy way to buy good and make transactions, but it was hard thing for most of the families to acquire extensive progression of technology,which we can say one of the worst conflict in implementing cashless society.
full member
Activity: 518
Merit: 101
It is true that every government wants the cashless society for their citizens. The Phillippines is doing a great initial and concise step to get or at least try to make the society cashless. It will be worth seeing this advanced step by the Phillippines officials.
member
Activity: 350
Merit: 11
W12 – Blockchain protocol
Although i support this development and hope that it will really works successfully but still i have in doubt because it is really convenient to pay in cash on this kind of place like public market specially if you are in a hurry and the vendor will need extra educated people to hire just to attend the digital transactions. So i think cashless is really applicable only to the malls and supermarkets but not in the public place but anyway cashless is just an alternative option for the consumers as its more safe than bringing money which is prone to be stolen in the place like this.
hero member
Activity: 1246
Merit: 588
The Philippines are just creating an endless excitement in me. I wish every country can just act the way the Philippines have embraced crypto. BTC would have been over 50k USD by now.

wrong paymaya is just another digital wallet that uses FIAT and as stated above by other poster it is highly governed.  Yes, filipinos might be embracing cryptos that much but most of them has the wrong perception and most of them were being scammed.

Almost every year, millions of dollars were added in the scam amounts that was made in the philippines
jr. member
Activity: 238
Merit: 2
The Philippines are just creating an endless excitement in me. I wish every country can just act the way the Philippines have embraced crypto. BTC would have been over 50k USD by now.
hero member
Activity: 2632
Merit: 544
Great adoption for the technology itself with the use of Paymaya.

This will be more interesting if this public market will be exposed to acceptance of cryptocurrency too. This is just the start and soon people will get attached to this type of payment system where they are no longer needed to bring cash but only with their smartphones.

Yes, and this kind of initiative from the Philippine government might be a good headway and might pave for the adoption or used of crypto specially bitcoin in payment services like Paymaya. I'm glad that the Philippines is really moving progressively and I have no doubt that one day we it will rise as one of the Tigers of Asia again. Best of luck to al Filipinos..
hero member
Activity: 2996
Merit: 600
Eloncoin.org - Mars, here we come!
Great adoption for the technology itself with the use of Paymaya.

This will be more interesting if this public market will be exposed to acceptance of cryptocurrency too. This is just the start and soon people will get attached to this type of payment system where they are no longer needed to bring cash but only with their smartphones.
Yes, this will be a start for the acceptance of digital payment in our society on which possibly in the near future the cryptocurrency are the ones of its payment options that every people can choose on which can surely change their financial status in life.
These cashless transactions are regulated and monitored by the government.

So if that day would come when these cashless transactions not only for this market including crypto's, it will also be monitored. Seems like we are really going to that point where most of the transactions are going digital. Even those who aren't aware of it, will be forced to adapt.
member
Activity: 353
Merit: 12
'The new Marulas Public Market in Valenzuela City is the first-of-its-kind ‘DigiPalengke’ initiative in Northern Metro Manila where an entire marketplace is equipped to accept mobile cashless payments.'

https://pia.gov.ph/news/articles/1015376

--

This is quite interesting since even a public market where most of the time common folk buy their everyday needs is accepting digital payments. While this is not entirely related to cryptocurrency, it's as if the people are slowly seeing the convenience and security cashless payments offer to their everyday lives. For years, scan-to-pay stores are just confined within the walls of malls and luxurious places but it seems that we're slowly bringing it to the masses and eventually, it will be the norm to pay only with our smartphones and pre-loaded accounts--and in the future, possibly even cryptocurrencies.

We can see a lot of malls worldwide are turning into digital. Like what you have mentioned about scan-to-pay systems. You know everything comes with a process this will not done overnight, it takes time like you said. And as the time goes by, new discoveries will take place especially in the world of internet like in crypto.
full member
Activity: 736
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
Great adoption for the technology itself with the use of Paymaya.

This will be more interesting if this public market will be exposed to acceptance of cryptocurrency too. This is just the start and soon people will get attached to this type of payment system where they are no longer needed to bring cash but only with their smartphones.
Yes, this will be a start for the acceptance of digital payment in our society on which possibly in the near future the cryptocurrency are the ones of its payment options that every people can choose on which can surely change their financial status in life.
hero member
Activity: 1246
Merit: 588
Although it seems good. I am still hoping til now that paymaya will consider my suggestion to incorporate bitcoin as an option of loading their wallet.

I've contacted them a year ago about that. They've had a good feedback that they will consider it but still have to discuss with the team.

As of now I am not quite surprised about this kind of act. Paymaya and Gcash are being widely used in most of the malls in the philippines. In fact there is one bus company on cebu right now that releases new buses that only accept payments through gcash
hero member
Activity: 2996
Merit: 600
Eloncoin.org - Mars, here we come!
Great adoption for the technology itself with the use of Paymaya.

This will be more interesting if this public market will be exposed to acceptance of cryptocurrency too. This is just the start and soon people will get attached to this type of payment system where they are no longer needed to bring cash but only with their smartphones.
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