Bitcoin could be used to pay for Bills,load and for travel in the Philippines - page 7.

xvids

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Quote from: btc_angela on April 05, 2019, 10:31:09 PM

Quote from: nydiacaskey01 on April 02, 2019, 12:25:39 AM

Quote from: ramsdaj28 on March 28, 2019, 09:51:35 PM

Coinsdotph needs some competition. I admit, coinsdotph has been very efficient since bitcoin craze entered the Philippines. But as years passes by, it seems that they are taking advantage of being the only RELIABLE btc exchange/wallet in PH. Taking advantage in the sense that Filipino bitcoin users has no choice but use coinsdotph to encash their btc earnings, and that it turns out that they are monopolizing the btc exchange in PH (in terms of BTC to PHP exchange).

Other than that issue, I am fine with coinsdotph. I just hope they'll take another step to level up their service.

Actually they have a competition which is Abra, its an Android and IOS based app that allows user to send and received Bitcoins, Ripple, Bitcoin Cash and and perform cash out transaction at accredited establishments. Good thing about coins.ph is they have a lot of options on how to buy Bitcoins. Last saturday I tried to buy Bitcoin using touchpay, and it works like an ATM. Just insert cash and Bitcoin will appear in your account.

Yes, I heard about it that in the Philippines you can go to any 7-11 store and go to their kiosk and buy bitcoin, is that right? I thought though that the government is going to allow other exchanges to enter. Any updates on that news? Or maybe I didn't get my facts straight?

Yes you could use 7-11 store to load up your coinsdotph account.
And in your coinsdotph you could trade your Philippine Peso into crypto we could also buy ETH,XRP and BCH because they add it into their wallet.

layoutph

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Bitcoin is indeed a good payment method. If you want to buy groceries in super markets using Bitcoin, simply cashout your Bitcoin from coins.ph and convert it to GCash to pay the bills.

btc_angela

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Quote from: nydiacaskey01 on April 02, 2019, 12:25:39 AM

Quote from: ramsdaj28 on March 28, 2019, 09:51:35 PM

Coinsdotph needs some competition. I admit, coinsdotph has been very efficient since bitcoin craze entered the Philippines. But as years passes by, it seems that they are taking advantage of being the only RELIABLE btc exchange/wallet in PH. Taking advantage in the sense that Filipino bitcoin users has no choice but use coinsdotph to encash their btc earnings, and that it turns out that they are monopolizing the btc exchange in PH (in terms of BTC to PHP exchange).

Other than that issue, I am fine with coinsdotph. I just hope they'll take another step to level up their service.

Actually they have a competition which is Abra, its an Android and IOS based app that allows user to send and received Bitcoins, Ripple, Bitcoin Cash and and perform cash out transaction at accredited establishments. Good thing about coins.ph is they have a lot of options on how to buy Bitcoins. Last saturday I tried to buy Bitcoin using touchpay, and it works like an ATM. Just insert cash and Bitcoin will appear in your account.

Yes, I heard about it that in the Philippines you can go to any 7-11 store and go to their kiosk and buy bitcoin, is that right? I thought though that the government is going to allow other exchanges to enter. Any updates on that news? Or maybe I didn't get my facts straight?

nydiacaskey01

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Quote from: ramsdaj28 on March 28, 2019, 09:51:35 PM

Coinsdotph needs some competition. I admit, coinsdotph has been very efficient since bitcoin craze entered the Philippines. But as years passes by, it seems that they are taking advantage of being the only RELIABLE btc exchange/wallet in PH. Taking advantage in the sense that Filipino bitcoin users has no choice but use coinsdotph to encash their btc earnings, and that it turns out that they are monopolizing the btc exchange in PH (in terms of BTC to PHP exchange).

Other than that issue, I am fine with coinsdotph. I just hope they'll take another step to level up their service.

Actually they have a competition which is Abra, its an Android and IOS based app that allows user to send and received Bitcoins, Ripple, Bitcoin Cash and and perform cash out transaction at accredited establishments. Good thing about coins.ph is they have a lot of options on how to buy Bitcoins. Last saturday I tried to buy Bitcoin using touchpay, and it works like an ATM. Just insert cash and Bitcoin will appear in your account.

DigitalCyberius

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Quote from: Jating on March 29, 2019, 01:53:37 PM

Quote from: DigitalCyberius on March 28, 2019, 10:37:44 PM

It would be nice as an option, so long as the people of the Philippines are aware of a couple things:

A. If the power goes out (with all the frequent storms), you might not be able to use your BTC.

Obviously, all of us will be affected not just the Philippines if ever there is a wild spread black out as transactions needed to used the internet.

Quote from: DigitalCyberius on March 28, 2019, 10:37:44 PM

B. The price can fluctuate wildly. When the bubble burst, many people lost the majority of their money, would hate to see that happen to people in the Philippines.

I'm sure they have that in mind, most Filipinos here have been here prior to the big boom in 2017. So they should know by now how crypto works to their advantage.

Quote from: DigitalCyberius on March 28, 2019, 10:37:44 PM

Maybe have some Bitcoin set aside in case it goes up, maybe some on the side to trade and buy things with, but don't let it completely replace other forms of cash, as it may not be the best payment option.

Have a great day,
The Cyberius team.

I don't think that Philippines will be a cashless society, I'm not seeing it in the next 5-10 years or more. They still rely on their local banks, but at least those they have more options right now and happy that the current administration is very supported of crypto-currency although coins.ph is heavily regulated (KYC/AML compliant).

Just wanted to make sure. I know some folks in the Philippines, and didn't know how much the poster knew about BTC.
Absolutely, the more options the better (at least it would seem), and BTC can make a good alternative in some circumstances.

I will add that there's also the danger of crypto exchange hacks or even personal hacks to steal BTC, which seems to be a rampant and unsolved problem. As well as fake exchanges & scams.

Thanks for the response.
Have a good day,
The Cyberius team.

hen cet

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Quote from: Aldrinx00 on March 28, 2019, 11:08:19 PM

That's great but i wouldn't use bitcoin to pay for bills etc, i would rather hold it because it is scarce and i know bitcoin price will hit 5-6 figures in the future. Using coins.pH is good but the fees are enormous, time for some remittance company like western union to enter crypto.

The Philippines is one of the countries in Southeast Asia that is thinking forward where to improve the world of tourism, opening up to the use of cryptocurrency.
The government only makes regulations that can reduce the abuse of crypto for the progress of development in their country.

Jating

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Quote from: DigitalCyberius on March 28, 2019, 10:37:44 PM

It would be nice as an option, so long as the people of the Philippines are aware of a couple things:

A. If the power goes out (with all the frequent storms), you might not be able to use your BTC.

Obviously, all of us will be affected not just the Philippines if ever there is a wild spread black out as transactions needed to used the internet.

Quote from: DigitalCyberius on March 28, 2019, 10:37:44 PM

B. The price can fluctuate wildly. When the bubble burst, many people lost the majority of their money, would hate to see that happen to people in the Philippines.

I'm sure they have that in mind, most Filipinos here have been here prior to the big boom in 2017. So they should know by now how crypto works to their advantage.

Quote from: DigitalCyberius on March 28, 2019, 10:37:44 PM

Maybe have some Bitcoin set aside in case it goes up, maybe some on the side to trade and buy things with, but don't let it completely replace other forms of cash, as it may not be the best payment option.

Have a great day,
The Cyberius team.

I don't think that Philippines will be a cashless society, I'm not seeing it in the next 5-10 years or more. They still rely on their local banks, but at least those they have more options right now and happy that the current administration is very supported of crypto-currency although coins.ph is heavily regulated (KYC/AML compliant).

xvids

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Quote from: Sithara007 on March 28, 2019, 10:31:04 PM

Quote from: xvids on March 02, 2019, 03:14:05 AM

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.

But how effective is this? Are you able to use this local wallet for shopping in the super-markets? Are you able to book flight tickets using this mode of payment? I researched a bit about the legality of Bitcoin in the Philippines. The good news is that it seems to be 100% legal there, unlike the situation in countries such as India and China.

Well If I am not mistaken we could book flight with our local wallet and also pay for some online shop like LAZADA .
We could use our credit card or debit card for purchasing online and we could pay our credit card and debit card bills through Coins so basically we could pay anything with BTC.
Coins is our bridge to spending crypto into the real world.

Aldrinx00

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That's great but i wouldn't use bitcoin to pay for bills etc, i would rather hold it because it is scarce and i know bitcoin price will hit 5-6 figures in the future. Using coins.pH is good but the fees are enormous, time for some remittance company like western union to enter crypto.

DigitalCyberius

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It would be nice as an option, so long as the people of the Philippines are aware of a couple things:

A. If the power goes out (with all the frequent storms), you might not be able to use your BTC.
B. The price can fluctuate wildly. When the bubble burst, many people lost the majority of their money, would hate to see that happen to people in the Philippines.

Maybe have some Bitcoin set aside in case it goes up, maybe some on the side to trade and buy things with, but don't let it completely replace other forms of cash, as it may not be the best payment option.

Have a great day,
The Cyberius team.

Sithara007

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Quote from: xvids on March 02, 2019, 03:14:05 AM

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.

But how effective is this? Are you able to use this local wallet for shopping in the super-markets? Are you able to book flight tickets using this mode of payment? I researched a bit about the legality of Bitcoin in the Philippines. The good news is that it seems to be 100% legal there, unlike the situation in countries such as India and China.

ramsdaj28

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اللعنة

Quote from: xvids on March 02, 2019, 03:14:05 AM

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.

Coinsdotph needs some competition. I admit, coinsdotph has been very efficient since bitcoin craze entered the Philippines. But as years passes by, it seems that they are taking advantage of being the only RELIABLE btc exchange/wallet in PH. Taking advantage in the sense that Filipino bitcoin users has no choice but use coinsdotph to encash their btc earnings, and that it turns out that they are monopolizing the btc exchange in PH (in terms of BTC to PHP exchange).

Other than that issue, I am fine with coinsdotph. I just hope they'll take another step to level up their service.

xWolfx

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Quote from: hen cet on March 16, 2019, 10:17:20 PM

I know that the Philippines accepts bitcoin for payment transactions and hopes that this will be an invitation for other countries in Southeast Asia to jointly legalize bitcoin, which means a step forward in the application of digital currencies, because it cannot be claimed by a country.
As for domestic daily needs, they still use their own official money. If a country legalizes bitcoin, we can be sure the development of bitcoin in that country will be very fast.

Now this is a pretty interesting one. More things need to happen before the economy of a country develops further, like for example having enough economic freedom for the private sector to move relaxed enough to expand their operations and doing that they can produce more tax revenue which ultimately benefits all the country.

Better foreign trade deals and a lot other aspects that needs to be carefully assessed by the economists of that country. In fact, how would foreign trade develop?. In Bitcoin? What if the other country is not using it?

That would be pretty interesting to see in the future.

nydiacaskey01

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Quote from: xvids on March 02, 2019, 03:14:05 AM

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 don't trust coins.ph in terms of storing money or cypto assets since aside from BTC, you can also keep XRP, BCH and ETH. Try to check their their thread in Pilipinas section and see how many complaints we're posted specially in the option to cash out and accounts with big amount stored are closed without notice.

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Quote from: xvids on March 02, 2019, 03:14:05 AM

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 an ever-growing country about Cryptocurrency. A friend of mine said that when he travels to your country, everyone can pay some of the expenses with Bitcoin or some other popular Altcoin, but not everything is okay. Accept payment by cryptocurrency. But I hope to come here and experience this.

carlo_0000

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5 years and 5 time i ve got to the Philippines
only first year i used visa

after it was only bitcoin, i can say i was so happy with that no need any card anymore just my cryptos
and converting btc/php fees is far less than using your card where you have such huge fees even if you don't use it)

there you can cash out pesos form your bitcoin in less than 5 minutes with cardless atm (unless it get stuck happens lot of time)
and also no id needed (other cashout you need id and wait and fees)

when here in my country i need to withdraw to my bank and still takes couple of days

only bad thing there is the very very slow internet speed, you need to pray first to use it lol
i hope they will work on better internet

1 time i get stuck there lot of days because i was not able to make a transaction when i was in mindoro
internet speed is close to 0kb/s there

bhabygrim

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Quote from: Vaskiy on March 27, 2019, 03:17:50 PM

Quote from: xvids on March 27, 2019, 12:16:02 PM

Quote from: hyunee on March 26, 2019, 11:09:14 PM

Quote from: xvids on March 02, 2019, 03:14:05 AM

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.

There is a thread in the gambling discussion saying that we should not gamble our bitcoin and that changed my mind.

He's right, bitcoin could grow any time soon. So, why do we need to use bitcoin if we can gather more from it in the future?

Well we all have different opinion and of course Bitcoins price could grow but let's not forget that it could also drop down as well.
And the question is why wouldn't you use it as a regular currency?
We all want Bitcoin to be accepted and now that it is being accepted you aren't going to use it,
Why would you demand for acceptance if you would just ignore it when it is being accepted?

That's very simple, when the usage and acceptance of bitcoin increases automatically there will be good circulation of bitcoin in the market. Also the need for bitcoin will increase high, but when this scenario exists people tend to hold to experience the growth and get good profit. Most of the users who ignore after acceptance and keep hold were the low volume holders.

Seem's like there are more people who rather hold it than to spend it like a normal money,
Back then most of the Bitcoin users want to see it being accepted and used as a normal currency,But now that we could seems like they are ignoring it .
They all want Bitcoin to grow and now that it is growing by showing it's being accepted most of us are ignoring it.

purple.thoughts

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Yes. I agree. Just hodl the bitcoin you have and do not use it for buying goods only if necessary. I am a filipino too and when I first had my access to coins.ph way back 2016 I just wasted it in topping up my mobile and realized that it will grow.

demonz666

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Quote from: Wind_FURY on March 02, 2019, 03:27:33 AM

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

yes I agree with you. it would be very disadvantage if we use bitcoin to pay bills or necessities of life, which we can actually pay for using fiat money. bitcoin is a digital asset that we must save and then we sell when the price is high. we must be patient waiting for that day to come.

PlusOne88

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Holding back as much bitcoin is good and not pay it, but without utility it will become what it has been through these days. Only the real usage would make it more stable and so I would prefer to use it and should I want to do earn from storing it, then I would just keep some for the right time.

Topic: Bitcoin could be used to pay for Bills,load and for travel in the Philippines - page 7. (Read 18550 times)