PHcoin https://bitcointalksearch.org/topic/annphcoin-the-mission-to-stimulate-philippines-job-economy-with-phcoin-589992
Many have tried but still struggling.
Last time I checked, the Philippines is still Bitcoin-centric, except a brief flirting with Stellar. How will you approach the adoption of Pesobit with many Filipino freelancers still don't know about Bitcoin?
There is still a strong barrier to fiat (Philippine pesos), that's the biggest hurdle. And you can't ride along BTC's fiat pathways, it will defeat the purpose of having Pesobit.
Now, it is easier for one to convert BTC->Fiat with bank partnerships. You can easily convert even convert your BTC->FIAT in 5 minutes and withdrawable via a cardless ATM of a bank (Security Bank). And we can also ride the current path of the BTC<->FIAT because they do have an API that can be used for automation and there's also a way for PSB->FIAT to cut out the transaction charge that BTC->FIAT has.