Bitcoin could be used to pay for Bills,load and for travel in the Philippines - page 9.

TravelMug

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Quote from: ralle14 on March 07, 2019, 07:50:12 AM

Quote from: TravelMug on March 07, 2019, 04:06:38 AM

That is a good idea, I don't know if Coins.ph have that in their pipeline.

They did have a debit card but they eventually removed it for good I don't know the reason why though maybe that was the time when their exchange's aren't regulated.

Oh I'm not aware of that, I thought they haven't issue any debit card yet. But it would be great if they would allow at least that kind of services in the future.

Quote from: ralle14 on March 07, 2019, 07:50:12 AM

Quote from: LbtalkL on March 04, 2019, 07:29:02 PM

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.

They do have a rival in the country the first two exchanges in the Philippines that are regulated was coins and rebit.

Yes there is rebit but I don't think they have reached what coins.ph have done in the Philippines as far as crypto or bitcoin goes. Even there user based grew specially during the peaked on 2017.

xvids

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Quote from: ?? on ??

Philippines still not fully recognized bitcoin in country. I think this is an trial and error if this will be error all btc will be waste. Wait until the price of btc return and sell it into dollar so you can pay your bills.

I don't think you understand it correctly,
Why would all the BTC be wasted if we use it to pay our bills?
Would you tell that to the early users who paid their pizza for 10,000 bitcoins back in 2010?
It is up to the users how would they use their BTC and it wouldn't be wasted since it is a proof that BTC is being accepted as a currency ,

Quote from: ?? on ??

Happy to hear from you. You guys are lucky. But unfortunately Bitcoin is illegal in my country. Hope one day we can also use like you.

Well I hope one day you could also use BTC like us,
Lets just hope that one day your country would accept Bitcoin too.

teejayrichard2

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The Philippines are really making waves in the cryptocurrency world, adopting and using bitcoin for dailly use. I am really impressed and I do hope other countries who are yet to adopt and use bitcoin for day to day payment will see reasons why they should do that. Bitcoin is way faster for payment of all kinds of bills so I see no reason why countries should not use it. Nice one from the Phillippines and soon enough we will hear of other countries doing the same thing.

yohananaomi

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Quote from: xvids on March 02, 2019, 04:14:05 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.

Very happy to hear the news that in your country (Philippines), it has taken one step further by providing convenience facilities to be able to carry out daily needs transactions with this facility. As a Southeast Asian country too, I hope this has a positive impact on the surrounding countries (southeast Asia) to be able to also recognize crypto and can be used as a legitimate transaction.

iqlimasyadiqa

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Quote from: xvids on March 02, 2019, 04:14:05 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.

This is a good development for digital currencies. when bitcoin and other digital currencies can be used easily in the Philippines, the number of financial transactions will increase. Philippines is one of the countries that supports the implementation of digital currencies. I hope that in other countries it will also soon follow what the Philippine government is doing.

sheenshane

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Quote from: ?? on ??

Happy to hear from you. You guys are lucky. But unfortunately Bitcoin is illegal in my country. Hope one day we can also use like you.

Unfortunately, that is a sad thing to know that there are some countries against Bitcoin. So, what country you are now that Bitcoin is illegal to use? Here in our country(Philippines) the government and people were very well known this crypto to them. So far so good because not only wallet platform we had that supported Bitcoin there are also some Banks supported cryptocurrency just like UnionBank here in the Philippines. I think people didn't use as of now their crypto asset they wait the price will increase.

logicgate

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Quote from: ralle14 on March 10, 2019, 06:15:27 PM

Quote from: ?? on ??

Philippines still not fully recognized bitcoin in country.

It is fully recognized in the Philippines, our government is currently monitoring bitcoin exchanges and one of the popular bank in the country is launching their own crypto atm(source).

Quote from: ?? on ??

I think this is an trial and error if this will be error all btc will be waste. Wait until the price of btc return and sell it into dollar so you can pay your bills.

The risk is always there when investing and everyone should know that.

Quote from: Xising on March 10, 2019, 05:55:03 PM

Maybe, the best thing one can do is to exchange it for money, then use the money like it has always been used.

If people are spending it on the same thing(bills,load,food) then it's best to do it directly.

It is able to use if directly or not but it is good, people can buy goods with bitcoin not only in Philippines but all over the world, I have seen so many times when people are buy in my work place they use bitcoin whenever they need something, even in some schools it is being use to pay for school fees, I also use sometime to buy goods online and to pay for bills with very fair transaction fees.

sijonru

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Quote from: ?? on ??

Philippines still not fully recognized bitcoin in country. I think this is an trial and error if this will be error all btc will be waste. Wait until the price of btc return and sell it into dollar so you can pay your bills.

In the Philippines bitcoin can be used legally, especially in tourist areas. Because the government realizes that many bitcoin owners visit this country, so they don't want this opportunity to just disappear.
Of course transactions can occur on the agreement of buyers and sellers who clearly see a hotel and shop dietalase. So, there is nothing to worry about as long as everything is going well.

ralle14

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Quote from: ?? on ??

Philippines still not fully recognized bitcoin in country.

It is fully recognized in the Philippines, our government is currently monitoring bitcoin exchanges and one of the popular bank in the country is launching their own crypto atm(source).

Quote from: ?? on ??

I think this is an trial and error if this will be error all btc will be waste. Wait until the price of btc return and sell it into dollar so you can pay your bills.

The risk is always there when investing and everyone should know that.

Quote from: Xising on March 10, 2019, 05:55:03 PM

Maybe, the best thing one can do is to exchange it for money, then use the money like it has always been used.

If people are spending it on the same thing(bills,load,food) then it's best to do it directly.

Xising

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Quote from: jeromix on March 02, 2019, 04:37:11 AM

Quote from: xvids on March 02, 2019, 04:14:05 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.

It does cost that much because the system will automatically convert your bitcoin to your php wallet and that will make a transaction fee. The problem with is that the higher money will be transacted the higher also the transaction fee will be deducted to your wallet. So, it is not ideal to use bitcoin in paying bills and other ways that one could pay online. I prefer G cash wallet than coins.ph in paying online like load but G cash wallet has no available crypto in it.

I am not sure if many entities have been accepting cryptocurrencies in that manner. I have read that some banks like Security Bank has been accepting and transacting cryptocurrencies once it is linked with trading platforms. However, that's the only bank I have read that does that, therefore, if you plan to use cryptocurrencies similar to how one uses a credit card, I am not sure if that could be useful since not very many business entities accept it just yet. Maybe, the best thing one can do is to exchange it for money, then use the money like it has always been used.

Ucy

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Quote from: Wind_FURY on March 02, 2019, 04:27:33 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

It looks like you are mocking pro-hold people? Lol. Anyway hold doesn't work that much in this current market.

It didn't stop people from buying and selling with Bitcoin during the good old days volatiliy. More people still bought and sold stuff with Bitcoin then acccording to statistics.

Daboy_Lyle

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I'm also from Philippines but I don't use bitcoin to pay those expenses. I do hold that is why I use fiat money instead of Bitcoin. By the use of Bitcoin you can travel Philippines through bitcoins. Using bitcoin is an advantage to everyone especially those Pilipino who uses bitcoin. Its More Fun in the Philippines with Bitcoins you can travel beautiful views and eco-friendly resorts. Philippine's technological use really improves because they/we accept bitcoin as a payment and use it as a household expenses payment.

steveabrahams

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Quote from: xvids on March 02, 2019, 04:14:05 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.

Here in indonesia, our local wallet called indodax and you can't pay that things with bitcoin here but you still can pay electric bill, water, phone bill etc with the unonfficial one, like we pay with bitcoin to someone and the person will provide it.

xvids

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Quote from: LbtalkL on March 04, 2019, 07:29:02 PM

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.

Well that is the only problem that I see right now,
It is against the Bitcoin anonymity they have your personal info and your private key,
But at least you could pay anything with their wallet.

Quote from: dat.ho12492 on March 06, 2019, 11:30:47 AM

Quote from: Baofeng on March 06, 2019, 10:00:29 AM

Quote from: xvids on March 02, 2019, 04:14:05 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 read all the replies but I haven't seen anyone posting any proofs. So I will be posting mine: Grin

This is for my telephone and internet bills: (PLDT)

Credit card bill: (BDO)

And water: (Maynilad)

Why I'm using my bitcoins to pay? Because I believed that they should be treated as currency, simply as that. Grin

Well, a great proof that using bitcoin as currency is starting to become more popular but do you feel that you are wasting your bitcoin or not? Because with the speed of bitcoin, we will soon be able to see better prices in the future, which means that if we accumulate now with bitcoin, our future assets is giant, you should limit the use of bitcoin for payment, we can use cash, I believe that many people will have the same opinion with me, bitcoin should be used for larger purposes, instead of paying for bills only.

Thanks for the proof ,
I don't really have a proof because I don't use the wallet for any bills payment.

Mymikagab

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I'm happy with this method to pay bitcoin to bills etc but in my opinion it's okay to hold bitcoin is just that it can increase the value in the future. There are other options like fiat that can be paid. Coins.ph is the most popular digital wallet in the Philippines, but I would prefer earn bitcoin instead of paying bills. Soon because the value of bitcoin will increase again we all know it

Anyobsss

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Quote from: Wind_FURY on March 02, 2019, 04:27:33 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

OP doesn't mean that he's using his Bitcoin to pay for such but he's just informing us how philippines have adapted crypto payment, which is a great thing since not all country accepts it as payment.

FlightyPouch

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Quote from: kucritt on March 08, 2019, 09:39:45 AM

coins ph is the good platfrom in the philiphines that we can see bitcoin is very booming on philiphine, and i hope all country in the SEA can use bitcoin too for daily use in their country

I am from the Philippines and Bitcoin or any other crypto currencies are not that popular. We are a third world country, it is true that we are not getting behind the development of technology but there are a lot of people that still don't use them nor know them. Some still even think that Bitcoin and other crypto currencies are a scam. Also, for me, it is not like we are using Bitcoin directly but using the exchange wallet's services.

btc_angela

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Quote from: rodel caling on March 08, 2019, 06:53:19 PM

Quote from: xvids on March 02, 2019, 04:14:05 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.

100 percent I agree with you because i use all of that opportunity came from coins ph less stress and pressure travelling go to pay center just use smart phone and internet.

That's really one big advantage of using your coins.ph account. But you need to understand that it takes 3 business days for a clear out. But absolutely, if you are tired and doesn't want to go out and you have funds in your wallet then try it sometimes just to get the experience.

rodel caling

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Quote from: xvids on March 02, 2019, 04:14:05 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.

100 percent I agree with you because i use all of that opportunity came from coins ph less stress and pressure travelling go to pay center just use smart phone and internet.

samycoin

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Quote from: xvids on March 02, 2019, 04:14:05 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.

Of course yes because of local wallet that called"coins.ph" you can use it as payment method that you don't need to place to make pay your bills even buying a load in the store. Many people in the Philippines do that so it can't hassle to them to pay their bills and I think it's convenient.

Topic: Bitcoin could be used to pay for Bills,load and for travel in the Philippines - page 9. (Read 18505 times)