Another good news for cryptocurrency in the Philippines

boyptc

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Quote from: paxmao on January 20, 2022, 08:51:01 AM

Not being knowledgeable on the specfics, I think that Philippines is clearly one of the countries that can most benefit from crypto. Millions of unbanked people whoe need to carry on financials as usual and understand the use of the smart devices, even if not educated. It is the perfect environment to have a use case for a easily traded coin, perhaps litecoin or other with a low fee that can be used daily.

True.

It's a developing country and many people are becoming open with cryptocurrencies. And that's the why many of the folks are going to maximize the potential of crypto and get the benefits from it.

There's also the help of the NFT games that have been making rounds in the country. It has forced the players to educate themselves towards crypto so it's also a blessing in disguise.

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Quote from: mirakal on January 20, 2022, 09:31:55 AM

Quote from: paxmao on January 20, 2022, 08:51:01 AM

Not being knowledgeable on the specfics, I think that Philippines is clearly one of the countries that can most benefit from crypto. Millions of unbanked people whoe need to carry on financials as usual and understand the use of the smart devices, even if not educated. It is the perfect environment to have a use case for a easily traded coin, perhaps litecoin or other with a low fee that can be used daily.

Banking is not a problem in the Philippines, as long as the area has internet, they can access their money and do transactions online. We have GCASH with over 50 million registered users, i think they are the biggest in the digital world (fiat) and they are planning to enter in the crypto world.

Its still a presumption or rumor since these had been said on last years.

https://www.rappler.com/business/cryptocurrency-trading-available-soon-gcash/
https://www.philstar.com/business/2021/05/31/2101925/gcash-eyeing-cryptocurrency

For now it wasnt implemented yet but who knows right?

mirakal

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Quote from: paxmao on January 20, 2022, 08:51:01 AM

Not being knowledgeable on the specfics, I think that Philippines is clearly one of the countries that can most benefit from crypto. Millions of unbanked people whoe need to carry on financials as usual and understand the use of the smart devices, even if not educated. It is the perfect environment to have a use case for a easily traded coin, perhaps litecoin or other with a low fee that can be used daily.

Banking is not a problem in the Philippines, as long as the area has internet, they can access their money and do transactions online. We have GCASH with over 50 million registered users, i think they are the biggest in the digital world (fiat) and they are planning to enter in the crypto world.

paxmao

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Not being knowledgeable on the specfics, I think that Philippines is clearly one of the countries that can most benefit from crypto. Millions of unbanked people whoe need to carry on financials as usual and understand the use of the smart devices, even if not educated. It is the perfect environment to have a use case for a easily traded coin, perhaps litecoin or other with a low fee that can be used daily.

Daltonik

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It is also good news for residents of the Philippines, as Bloomberg reports, the largest bank in the Philippines, UnionBank, together with Swiss custodian Metaco and IBM, is going to add trading and storage of digital assets for its customers to the line of services. Cathy Casas, head of the UnionBank blockchain group, believes that it can be expected that over the next five years approximately 3-5% of Filipinos will be able to place cryptocurrency on their accounts.
So it is possible that UnionBank customers will soon have the opportunity to buy, accumulate and sell cryptocurrencies.

https://www.bloomberg.com/news/articles/2022-01-20/crypto-enthusiasm-prompts-philippine-bank-to-launch-trading

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Quote from: Unblock_news on February 17, 2019, 11:42:30 PM

Iloilo properties for sale accepts crypto as payment

These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.

The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.

The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.

Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment

What a great news, I keep reading and stumbling across news like this, just earlier I've read that a small tech shop in the philippines is accepting bitcoin as payment, considering that it's just a small scale business but is very accepting and has adapted cryptocurrency, is a good sign that bitcoin or cryptocurrency is paving its way through the smallest after making an impression to big businesses. And now, this news just proves that the catalysts of massive adaptation of bitcoin is now increasing and nothing, even the life status can stop it.

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Quote from: Thanasis on February 18, 2019, 02:56:51 AM

Already philippines have regulations for using cryptos?

If its still in the uncertain phase,then using bitcoin for buying properties without regulations may bring some difficulties later.

The said properties was not own by the Government, it is a private properties by rich people, and buying it using Bitcoin and Litecoin is the same as buying it with fiat, it will just bring some difficulties to whoever buys that if the needed legal documents are not legit, the Government might take the property in that case, but this is all good in my jurisdiction since the owners are crpytocurrency enthusiasts.

It is a nice move for them because they don't need the money that much (since they are rich) and holding bitcoin 'till its price skyrocket again is no problem for them at all.

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Quote from: Aying on October 15, 2019, 08:24:02 AM

Quote from: CarnagexD on October 15, 2019, 05:25:09 AM

Quote from: Unblock_news on February 17, 2019, 11:42:30 PM

Iloilo properties for sale accepts crypto as payment

These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.

The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.

The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.

Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment

Maybe in this way many people in the Philippines might recognize the use of cryptocurrencies because, for me, it not just like an investment but can be also used as a mode of payment in different transactions. As of now, we can totally see different industries that accept bitcoin and other cryptocurrencies. I also think that the owner now has a good investment in cryptocurrencies maybe it is now one the whale in the market. Lastly, having a business that accepts cryptocurrencies is a new way to make a better profit.

really good news, if the way people think about crypto is open. and can already use crypto to shop is really extraordinary.
In my country philippines many people are open minded about crypto currency. all people want to develop and use an easy way of transactions. philippines are included to those country who are mostly using cryptocurrency as payment. online shopping here is already have cryptocurrency payment method. so this will be the start of crypto growth in philippines.

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Quote from: CarnagexD on October 15, 2019, 05:25:09 AM

Quote from: Unblock_news on February 17, 2019, 11:42:30 PM

Iloilo properties for sale accepts crypto as payment

These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.

The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.

The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.

Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment

Maybe in this way many people in the Philippines might recognize the use of cryptocurrencies because, for me, it not just like an investment but can be also used as a mode of payment in different transactions. As of now, we can totally see different industries that accept bitcoin and other cryptocurrencies. I also think that the owner now has a good investment in cryptocurrencies maybe it is now one the whale in the market. Lastly, having a business that accepts cryptocurrencies is a new way to make a better profit.

In my country philippines many people are open minded about crypto currency. all people want to develop and use an easy way of transactions. philippines are included to those country who are mostly using cryptocurrency as payment. online shopping here is already have cryptocurrency payment method. so this will be the start of crypto growth in philippines.

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Quote from: yulionoo on October 15, 2019, 01:31:44 AM

of course this is good news. both the buyer and seller can benefit. the buyers can get the property they can buy property with the crypto they have and the seller also get crypto which can also be used directly as an investment tool. property and bitcoin are attractive investment tools and now many people are interested in investing in both. investing in property and bitcoin I think is more profitable than investing in the stock market or bank.

To people who are open minded this venue of investment is really a good place to invest your money, if you understand the concept both being a payment process and store asset will be able to collaborated. This move from bitcoin believers will bring more interest to those who are not yet
inside this industry.
Also a good proof that bitcoin is another payment venue that can be used as an alternative to the existing payment process.

pecson134

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Quote from: CarnagexD on October 15, 2019, 05:25:09 AM

Quote from: Unblock_news on February 17, 2019, 11:42:30 PM

Iloilo properties for sale accepts crypto as payment

These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.

The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.

The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.

Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment

Maybe in this way many people in the Philippines might recognize the use of cryptocurrencies because, for me, it not just like an investment but can be also used as a mode of payment in different transactions. As of now, we can totally see different industries that accept bitcoin and other cryptocurrencies. I also think that the owner now has a good investment in cryptocurrencies maybe it is now one the whale in the market. Lastly, having a business that accepts cryptocurrencies is a new way to make a better profit.

The Philippines is one of the top countries with higher usage of internet worldwide so it won't be surprising that using bitcoin or accepting bitcoins as a method of payment would be an option. Probably transaction other than selling properties would start to accept bitcoin even small scale business who can do such payment would be available in the future.

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Quote from: Indrawan77 on February 19, 2019, 05:32:52 AM

Well its surprising that Philippines took the crypto adoption seriously, its a very good news and good way to become example for other countries to adopt crypto, but I think its a bit forcing to make people must convert to bitcoin or litecoin to purchase the house, crypto suppose to be an option for payment so the government not misunderstand that crypto want to shift fiat usage, but I really happy to see another things can be bought using bitcoin, its mean we are near with the mass adoption and finally bitcoin could act as currency

Correct. No matter how big or small the news was as long as it is about Bitcoin or cryptocurrency in general, I think it would help other people without an idea to become aware that there was once a digital money that is way more convenient to use just like buying loads, paying bills, goods and services it will be a big thing in this cryptocurrency industry most especially in the Philippines.

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Quote from: Unblock_news on February 17, 2019, 11:42:30 PM

Iloilo properties for sale accepts crypto as payment

These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.

The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.

The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.

Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment

Maybe in this way many people in the Philippines might recognize the use of cryptocurrencies because, for me, it not just like an investment but can be also used as a mode of payment in different transactions. As of now, we can totally see different industries that accept bitcoin and other cryptocurrencies. I also think that the owner now has a good investment in cryptocurrencies maybe it is now one the whale in the market. Lastly, having a business that accepts cryptocurrencies is a new way to make a better profit.

blckhawk

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That's unexpected, but a good start to spreading the word about cryptocurrencies. If more people would become aware of its existence and would attract more investors, the market would indeed grow. However, there's still a lot to go through. We're still far away from almost complete adoptation. It's still good to see that the word is spreading especially in third world countries such as the Philippines.

There's also a possibility that it would replace current payment systems, but there's still uncertainty.

yulionoo

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of course this is good news. both the buyer and seller can benefit. the buyers can get the property they can buy property with the crypto they have and the seller also get crypto which can also be used directly as an investment tool. property and bitcoin are attractive investment tools and now many people are interested in investing in both. investing in property and bitcoin I think is more profitable than investing in the stock market or bank.

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Philippines is the only one country in Southeast Asia have adoption bitcoin as payment, other country like Indonesia, Myanmar, Malaysia still not adopt bitcoin as digital legal currency payment, Indonesia can use bitcoin but only for investment assets and people can't use bitcoin as digital currency payment. Malaysia have the same rule like Indonesia with bitcoin only as investment and never allowing for transaction payment, by the way to make tourist interested with Southeast Asia they have legal bitcoin as payment transaction.

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Quote from: Unblock_news on February 17, 2019, 11:42:30 PM

Iloilo properties for sale accepts crypto as payment

These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.

The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.

The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.

Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment

Oh my God! Iloilo is just one hour boat ride away from my hometown Bacolod City. This is huge news to the Philippine crypto community. This is a great start for them to bring awareness to Bitcoin and cryptocurrencies in the Philippine market.

Here in Bacolod City, there’s a restaurant already that is accepting Bitcoin for payments. If only my dad has the capability of reviving his coffee shop and mini-resto, I would not hesitate to adopt Bitcoin and other cryptocurrencies as mode of payment.

For me, this is a very good sign now for Philippines to slowly adopt into crypto payments like these proponents in Iloilo.

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It's good to know that even province businesses in the Philippines are into crypto. It will be a good type of business since they're going to invest their earnings. I haven't heard about that strategy. The good thing about the Philippines is they're open for the latest technology trend as well as the blockchain technology. If most countries would do the same, cryptocurrency could possibly grow and rise as digital money which could possibly help the economic growth at the same time.

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Quote from: Unblock_news on February 17, 2019, 11:42:30 PM

Iloilo properties for sale accepts crypto as payment

These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.

The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.

The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.

Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment

The issue about cryptocurrency in the Philippines have became outdated already, the government all of a sudden felt fear due to the increasing number of crypto users in the country. Now that such great news came in, we will surely be able utilize the use of it more than ever. There are certain of places in the country thay allows the use of crypto already as mode of payment and by that, we can see that the people are being smart for they have great plans with their crypto investment in the future.

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Quote from: Unblock_news on February 17, 2019, 11:42:30 PM

Iloilo properties for sale accepts crypto as payment

These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.

The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.

The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.

Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment

This was a great news and is sign for global adoption. As these business accepts bitcoin, it became more known and thus can increase its value in the near future. Mamy organizations are opening their company for bitcoin and other currencies. Also, payments that we suppose to do in our daily lives became easier because of this digital platform. The only thing to be aware of was its price volatility for our funds can be decrease in value in aome cases.

Topic: Another good news for cryptocurrency in the Philippines (Read 9862 times)