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Topic: Bitcoin could be used to pay for Bills,load and for travel in the Philippines - page 11. (Read 18540 times)

member
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Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

the Philippine government is very keen to see a business opportunity. By legalizing bitcoin, the government will automatically get a number of benefits, one of them is the number of tourists who enter because tourists will be greatly spoiled with facilities provided by the government, both governments will get an increase in foreign exchange because there will be an increase in trade. the tourists and various other benefits. countries in the region should follow in the footsteps of the Philippine government in order to compete in the tourism sector and other fields.
full member
Activity: 686
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Although it is not good to spend them now it is great that in future there is a real word use for bitcoin. Always good news about bitcoin from the philipines
Yes, Philippines is one of the best country where you can use your bitcoin. Many businesses are now accepting bitcoin and this is with a help of their local wallet which is coins.ph and I think this wallet is also available in thailand. Therefore more countries will be more crypto haven and soon it will be most of the country.
full member
Activity: 1176
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I liked the idea of this bitcoin wallet it can pay a lot of merchants it is very convenient but I think they don't have a rival in the country right now that's why their rate is too low from the current price which is not good. And with this wallet you dont have access to your private keys.
hero member
Activity: 991
Merit: 500
Well that's a great news for the people of Philippines I am really excited about this and amazed on how clearly they are using this technology. Bitcoins popularity is gearing up quickly also Filipino government is heading towards development with advanced technology and they are much better in using BTC in a unique path.
member
Activity: 445
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Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

The Philippines is one country that provides such good support for the development of cryptocurrencies. This is very good because everything in the Philippines can develop well, not all countries have the same opportunity. The Philippines must continue to strive to improve the development of cryptocurrencies in their country to be even better.
Agree, little by little Philippines was started to adopt cryptocurrencies... Coins.ph wallet is one among them... Then the Unionbank bank of the Philippines which was reported to build atms for bitcoin purposes... Some places also started to have a bitcoin machine.. Even some travel agencies already accepting bitcoin payments... This are only some of the things that Philippines adopting cryptocurrencies... Hopefully soon more people will have proper knowledge regarding bitcoin and cryptocurrencies..
sr. member
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Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.



The app is really useful because of its flexible usage. You can do almost all of you want with this exchange, plus, Philippines is very supportive in cryptocurrency because of the freedom it gives to its citizens. I often use the app for buying cellular phone loads. It also stores different kinds of altcoins like xrp, eth and bch.
hero member
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How true was that bitcoin now can be used as a mode of payments in the Philippines. So if that is really happening , bitcoin will become as one Of the  world currency  now  functioning  just  like the local currency. .

That's still far to happen, many still don't have proper knowledge about bitcoin and I must say roughly 1% ( estimated ) of the population use or at least knew about bitcoin. Bitcoin popularity has just emerge and it's still young so it's indeed a long way to go for it.

I am using that app also. However, I do not use my bitcoin for travel. Bitcoin for me is my investment. I believe that waiting for its value to rise will give more profit.

Good for you and remember coins.ph is a third-party wallet so don't store your bitcoin there if you're planning to hold, instead use other wallet that let's you hold private key/seed.
sr. member
Activity: 1246
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Really interesting to hear. I expect my country to legalize and start accepting bitcoin as a currency for payment and many more. I just read a thread stating that a gentleman accepting bitcoin as payment in his Coffee bar in London. I am sure such good news will spread over encouraging new merchants and business man to accept bitcoin in their own respected shops.
hero member
Activity: 3052
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Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

I am using that app also. However, I do not use my bitcoin for travel. Bitcoin for meismyinvestment.
Same with my point too.Although it's really a great advantage for us but as long as i still have my fiat to cater to all my needs,i make sure that my bitcoins are still safe in my wallet.I know i will make a bigger profit from them once a bull run starts so for now,i still prefer to use paper money than using my bitcoins for my own convenience.
legendary
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It's no surprise since even the small retailers in the Philippine market accept bitcoin as payment method. But the cost of using BTC as mode of payment is very unreasonable. Your BTC will automatically be converted by CoinsPH to peso, which is significantly lower compared to its actual value in the market.
The actual value isn't significant unless you're going to spend a lot consider it as the service fee for using their exchange. The money you lose due to their lower rates can be reduced since coins.ph has cashbacks whenever you pay your bill or buy load.

And I don't think it's wise to use bitcoin now since it has not realized its full value and potential yet.
Others don't have time to wait for Bitcoin's "full value".
mk4
legendary
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I have a question for your Filipinos on this forum, how is it I see so much news about Bitcoin adoption in your country, and so many Filipinos talk to me about Bitcoin (I meet many of them actually especially if you work with IT!) but actually not a single one of them spends Bitcoin like I do.

None are earning, all are buying their own, a few are trading but I don't consider that using. Basically, none of them earn or pay bills or anything. Is it because outside Philippines they are not really using Bitcoin? It doesn't make sense!
Simply because probably majority thinks that bitcoin will rise in price soon or long term, which definitely makes sense and is a very reasonable excuse to not spend bitcoin whether you like it or not. Also, they might have bought at a higher price hence they don't want to spend it. People not earning bitcoin straight off isn't uncommon, as some people prefers to focus on careers instead of trying to earn online.
member
Activity: 574
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this is good. I am very happy a country like Phillippines is making so much progess with bitcoin even faster than most of the top developed countries. I am 100% positive we will see more countries adopt and use bitcoin for various forms of payment and transactions just like the Phillippines in time coming.
member
Activity: 1120
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Bisq Market Day - March 20th 2023
Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.


Philippines will come to the full light usage of Bitcoin when this Coins.ph are able to integrate Bitcoin payment to pay for Bills and Book for travel, hope that my own country will one day come to their right senses to adopt the use of Bitcoin as a method of payment. Bitcoin will be the future currency but more time for it to get there.
full member
Activity: 420
Merit: 106
It is good to know that how open the Philippines is to cryptocurrency hope my country would also become that open to cryptocurrency use. But actually seeing how the market is for Bitcoin currently and how scarce it is I wouldn't be spending my Bitcoin at places where fiat could be used.
legendary
Activity: 2996
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Leading Crypto Sports Betting & Casino Platform
Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.


It's no surprise since even the small retailers in the Philippine market accept bitcoin as payment method. But the cost of using BTC as mode of payment is very unreasonable. Your BTC will automatically be converted by CoinsPH to peso, which is significantly lower compared to its actual value in the market. And I don't think it's wise to use bitcoin now since it has not realized its full value and potential yet. I don't wanna regret when bullrun comes, so I'm keeping my bitcoins for now. I honestly wanted to accumulate more of it if I have money to spare.
You have your own points and opinions, but bitcoin also needs to be introduce as a form of currency and not just an investment thing, opening a much
wider venue for people to also learn and understand how crypto works, if this can be showed in a daily transactions process more people will gather the
ideas and from each countries it will be start being adopted.
full member
Activity: 1540
Merit: 219
Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.

It's true that you can pay your bills, card bills, buy games, and cellular load using the app coins.ph, that is why using this application is a big help for us because we don't need to convert our bitcoin into cash to pay bills.
copper member
Activity: 2142
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Limited in number. Limitless in potential.
But I wouldn't use Bitcoin to pay for anything that fiat can pay with unless it's very necessary, if I were you. Bitcoin is a provably scarce resource, don't waste it. HODL. Cool
People who did this is those people who has insight of bitcoin as a a means of payment not a as a commodity.

Coins.ph does have a feature that your funds there were not affected in every move of bitcoin price (if you want), so it's okay to use it as a payment method for almost type of bills, from private to government facilities, utilities, insurance, gift certificates/cards for most of the famous stores, game credits and can even pay for donations to charities and etc. That's why it's too hard replace this service (bitcoin related) here.
hero member
Activity: 1176
Merit: 509
Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.


It's no surprise since even the small retailers in the Philippine market accept bitcoin as payment method. But the cost of using BTC as mode of payment is very unreasonable. Your BTC will automatically be converted by CoinsPH to peso, which is significantly lower compared to its actual value in the market. And I don't think it's wise to use bitcoin now since it has not realized its full value and potential yet. I don't wanna regret when bullrun comes, so I'm keeping my bitcoins for now. I honestly wanted to accumulate more of it if I have money to spare.

The reason behind the lower rate of coinsPH when converting Bitcoin to peso than on it's actual value in the market is because those are the fees for the company. CoinsPH will use it to compensate their employees and other operating expenses.
member
Activity: 504
Merit: 10
Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.


It's no surprise since even the small retailers in the Philippine market accept bitcoin as payment method. But the cost of using BTC as mode of payment is very unreasonable. Your BTC will automatically be converted by CoinsPH to peso, which is significantly lower compared to its actual value in the market. And I don't think it's wise to use bitcoin now since it has not realized its full value and potential yet. I don't wanna regret when bullrun comes, so I'm keeping my bitcoins for now. I honestly wanted to accumulate more of it if I have money to spare.
member
Activity: 420
Merit: 10
Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.



How true was that bitcoin now can be used as a mode of payments in the Philippines. So if that is really happening , bitcoin will become as one Of the  world currency  now  functioning  just  like the local currency. .
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