Another good news for cryptocurrency in the Philippines - page 2.

clickerz

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I am happy with development and updates regarding the crypto adaption in Philippines. Now seeing that some property owners accepts crypto is a welcome one especially in Iloilo.Slowly, crypto/bitcoin will become mainstream.

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Another case in which it is said that law enforcement agencies would like to control the cryptocurrency and prevent people from using it is impossible. Crypto users are growing exponentially.

Yeah, its difficult and complex. Right now, they are discussing a bill, The Digital Assets Act which include FinTech, Cryptocurrency and other form of Digital Assets. Though its good to have one to protect consumers/users but in the case of cryptocurrency which is decentralized is different.

cutesgirl

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Philippines look good for cryptocurrency because have regulation for bitcoin as transaction payment, their economic country not good but they want to build and accept bitcoin as their payment system, I hope for my country want to allow bitcoin as legal payment transaction and give more benefit for bitcoin and altcoin.

carlfebz2

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Quote from: FlamingFingers on September 23, 2019, 02:15:08 PM

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Another case in which it is said that law enforcement agencies would like to control the cryptocurrency and prevent people from using it is impossible. Crypto users are growing exponentially.

it is definitely not possible to cryptocurrency and people from using it, the enforcement agencies are just trying to play on their intelligence by saying that, I know bitcoin and cryptocurrency in general has changed whole lots of people lives in Philippines

The government are only afraid of the next revolution that bitcoin is gonna create, because bitcoin will majorly be used as a transaction in mostly all transactions in future. Imagine moving billions of dollars with a transfer fee of less than one dollar within minutes

Not to break your positivism but that wont really be an easy path.We are on adoption phase but it doesnt move out fast as we expected due to regulation matters.
Government would always be an issue, even if they cant totally get rid of crypto but with their ruling it do set out parameters which would really block out the fullest potential of adoption.Good thing that we are seeing countries that do reconsider out cryptos existence and make use of it.

FlamingFingers

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Another case in which it is said that law enforcement agencies would like to control the cryptocurrency and prevent people from using it is impossible. Crypto users are growing exponentially.

it is definitely not possible to cryptocurrency and people from using it, the enforcement agencies are just trying to play on their intelligence by saying that, I know bitcoin and cryptocurrency in general has changed whole lots of people lives in Philippines

The government are only afraid of the next revolution that bitcoin is gonna create, because bitcoin will majorly be used as a transaction in mostly all transactions in future. Imagine moving billions of dollars with a transfer fee of less than one dollar within minutes

qwertyup23

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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

Anything that is related to cryptocurrency as being the medium of payment is good news, especially that the exposure of bitcoin can quickly materialized across the country.

Throughout the years, any electronic cash or money is branded as a scam and has been stigmatized due to recent scam attempts done. That is why, whenever you hear someone introducing a brand-new type of currency in the internet, the first thing that they would think is an another scheme with shenanigans along the way (this is the case here in the Philippines).

News that involve bitcoin being accepted as another option for payment can slowly eliminate this kind of stigma if people were to start accepting it more as a payment option.

veleten

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great news for all crypto enthusiasts in Philippines , the more companies trade directly for bitcoin the better
this is the only way to have mass adoption and no need to have middle men in a form of banks or exchanges to convert bitcoin to cash and vice versa
meantime there are many question as to the legality of such operations in Phili
how are they going to pay taxes on sales? they would want to convert crypto into fiat this way or another because the government
would not know what to do with the "3% of the 13 bitcoins tax"

semobo

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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

some other good news like what you are mentioned in your topic is the medicine for the investors who had the only confident with the cryptocurrency investment on his future so that I appreciate this and it will be very useful for people in that country.

yvesp110

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Quote from: Chrystora123 on July 19, 2019, 02:00:49 PM

The Philippines is one of the countries in Southeast Asia after Singapore that gave a green signal to blockchain technology and cryptocurrency. I think developing countries need to learn more in the blockchain and even use cryptocurrencies as an innovation for them to be able to compete with countries that have advanced in terms of innovation Grin

I am from the Philippines and I am glad they are not banning crypto currencies, I heard it and read it but I don't hear or read anything about our country having an interest to Blockchain technology. I may be mistaken or not but if that is true, then that would be amazing since more and more crypto currencies might bloom in our country.

Blockchain technology is of great worth and value and I think that if you are able to invest in the technology, like start a Bitcoin ATM making company, you might make some good money with the investment. In addition, the technology could help the government build some great system that is transparent and instant for work related to finances.

fortunecrypto

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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

I am from the Philippines and that was a good decision on the part of the lot owner, this is very rare we do not have a market place that caters for Cryptocurrency users how I wish we have one, when the community is banded and supports each other here in the Philippines, we could soon have one.

finaleshot2016

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If that's the case then I might go to Iloilo and buy a property now. Cheesy

Quote from: samputin on July 21, 2019, 01:49:01 AM

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It is nice to know that some people in the Philippines started to use cryptocurrencies like bitcoin as a payment in selling their properties. These people, no doubt, are well informed on the use of cryptocurrencies and knew where to use it. The Philippines have already made a significant progress in adopting bitcoin as mode of payment and investment and I hope it can sustain it.

It really is good news. This is one way to show that cryptocurrencies are really being known across the country. Our government is also cool about it and with this kind of simple way of acknowledging crypto and adopting it, I'm pretty sure that it can be sustained. Let's just be positive about it. Grin

Let's not just be positive, we should support the community here in our country so the government will try to learn at least the basics and the advantages of bitcoin so they can implement a nationwide transaction of cryptocurrency. And also wish that the development of the blockchain itself will help us to make a better economy with advanced technology.

samputin

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It is nice to know that some people in the Philippines started to use cryptocurrencies like bitcoin as a payment in selling their properties. These people, no doubt, are well informed on the use of cryptocurrencies and knew where to use it. The Philippines have already made a significant progress in adopting bitcoin as mode of payment and investment and I hope it can sustain it.

It really is good news. This is one way to show that cryptocurrencies are really being known across the country. Our government is also cool about it and with this kind of simple way of acknowledging crypto and adopting it, I'm pretty sure that it can be sustained. Let's just be positive about it. Grin

akosijue

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I also think that there many potential and interested investors here in the Philippines. Though, most (or 50%) of the Filipinos are not that tech-savvy so they doubt these kinds of things and would be willingly invest in what they think they know like investments from agents and cases of those skyrockets because of these.

Hope some projects like Traxion would be successful in implementing cryptocurrencies and online payments and banking.

Chrystora123

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The Philippines is one of the countries in Southeast Asia after Singapore that gave a green signal to blockchain technology and cryptocurrency. I think developing countries need to learn more in the blockchain and even use cryptocurrencies as an innovation for them to be able to compete with countries that have advanced in terms of innovation Grin

rosepetals

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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

Thats a very great news,Filipinos were very open for different options inorder to conquer poverty.A positive output to all Filipinos that there is an existing currency which it can be used to profit if mass adoption happens.

Spaffin

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The popularity of cryptocurrency and the attraction of new investments will always be influenced by news about cryptocurrency in the information space, as well as the development of infrastructure for the use of cryptocurrency in society. I believe that the recent statement by Donald Trump has a very strong pressure on the entire cryptocurrency market.

Janation

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if news like this is done simultaneously by many countries, it will certainly produce new investors, and regular investors will also fill market demand, so prices are expected to rise and form new ATH

It is done by a lot of countries, people accepting Bitcoin, accepting other cryptocurrencies, it is already done by a lot of contries, any changes? None.

What will you do to produce more investors? Increase the price, lower the risk. Is this possible? It is but the thing is that Bitcoin is decentralized so it is hard to do, so hard. Even the article we are talking about doesn't want to hold his BTC since he is directing it in a coinsdesk wallet because if he wants to hold it, I think it will not be in exchange.

Periodik

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I am from the Philippines and have been to Iloilo several times. I admire that the city does not only boost of a beautiful and well-organized city, but also of an advanced way of doing commerce.

However, I am mainly curious as to how the legal papers would be accomplished. Would they be indicating the sell price in their deed of sale in Bitcoin? I'm afraid that would somehow be considered illegal. I assume that papers would still be bearing the value and payment in fiat, in Philippine Peso for this matter.

peter0425

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Quote from: otong on June 20, 2019, 05:38:48 PM

Quote from: andieoke on June 19, 2019, 08:57:10 AM

I have long heard that the Philippines is a country that is friendly to cryptocurrency, therefore many companies or stores accept Bitcoin as a means of payment. And rightly the comments above, if this country does not accept Cryptocurrency as a legitimate payment instrument, then accepting Bitcoin as a means of payment for property will cause a big problem for a store or company in the future.

all possibilities are possible and no one can know for sure if all countries accept crypto currency as a legitimate payment system of course the government will make things go well I believe it

and my hope is that I hope that in the Philippines I will not accept payments in crypto currencies, but all countries in the world can accept crypto payments because that would have a great impact on the development of crypto and to stabilize the price of coins on the market

Don't be discourage as not only the Philippines is not accepting bitcoin or crypto as payment but the rest of the world as well. Although there are some friendly countries who are now implementing LN. So perhaps if Philippines really wanted to be one the most bitcoin friendly in Asia, stores there should adopt LN, just saying.

Canoppo99

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The owner of those properties is ready to take risk in cryptocurrency investment, actually there are a lot of property seller who accept cryptocurrency as payment method, I also glad to hear that UnionBank was create ATM to help philipinos to convert philippine pesos to cryptocurrency and vice versa, thanks for the article. I hope this will also works for tourist too.

congresowoman

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Quote from: nydiacaskey01 on June 20, 2019, 06:23:03 PM

Cryptocurrency is gaining ground in the Philippines. There is this card called Pensionado and it is hosted by LoyalCoin and it gives rewards to its users.

I see, this is a good thing. But when was this launched? Did the government just started to lay down regulations on the use of cryptocurrency? Don't get me wrong, I want to have this but I am currently looking into the legitimacy of this project. Thanks for the information bud.

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