Topic: Bitcoin Use In Philippines - page 6. (Read 10059 times)

It's not as hard as it may appear. All I need to find is a sari sari with WiFi available and a smartphone or tablet. The all the sari sari then needs to do is open an account with one of the Philippines bitcoin exchanges and they are ready to accept bitcoin.

Of course, there will be a learning curve for the sari sari, but that is where I can help (gratis). I doubt that the sari sari will get much bitcoin trade, however it will certainly be a good promotional tool. It could be the first sari sari in the Philippines to accept bitcoin!

well is very good to know that a country is using bitcoin to do several things already like normal fiat

I think aquino will be no longer in that position because in social media and in different places in our country, they more likely to have a president that can depend our country in another country and he can grow the economy of the philippines and we all know that, that is duterte.

LOL. Of course they're not the one receiving the bitcoins directly. It will passed to a third party which is the coins.ph.

About the sari sari store? LOL. GL.

Thanks for the list a few more big names like UP (UPAN) would be cool but hopefully it will grow larger over time to cover all of them even if it is just through conversions at present it might get the universites to go who is paying all these tuitions and open a door.
ICU ranking system not bad #1,#2
http://www.4icu.org/ph/


Best of luck with it, having a lot of sari sari stores taking Bitcoin would be interesting.

Id much prefer my cousin Aquino to get a new term

The quoted universities do not accept bitcoin directly. You send your bitcoin to coins.ph, they convert it to PHP, and then coins.ph pay the university on your behalf.

Next week, when I have time, I'm going to see if I can get my local sari sari to start accepting bitcoin. Should be an interesting exercise.

well i guess all got the answer about wich country would be the first to follow bitcoin  and well it will make some turists travelling into there to be able to spend their bitcoins

Yeah one of coins.ph service.

Those in the list are big names especially ADMU. Hope State Universities like PUP should adapt this system. If you're not aware PUP is a big name too with a tuition fee of only 10 million satoshis per semester.

Accepting bitcoins as tuition fee? oh? really? i didn't know that and also the following university are the greatest and big school in philippines and also their tuition fee are big. LOL

Yeah it requires login to see the list. As of now , these are the Universities in their list :

- Ateneo De Manila
- La Salle Greenhills
- Miriam College
- San Juan University - Recoletos

All are big names.

This is cool, it must have flown under the radar since I was not aware that their were Universitites in the Phillipines that accepted Bitcoins.
I can't see the list since it requires a log in but I am a bit curious what Universities are listed there.

Yes and i think phillipines can adopt bitcoin in 2016 because we have a new president and as filipino citizen we can introduce bitcoin to new president .

well some country is taking the advantage of bitcoin already what is needed to others follow instead block it?

I see the current Filipino bitcoin exchanges developing in two main directions over the near term; processing overseas remittances, and providing BTC to PHP conversions for Filipino businesses.

The current biggest growth potential for the exchanges is in remittances. As this Pera Padala business development grows, I believe that these exchanges need to start shifting their focus on getting Filipino businesses to start accepting bitcoin for payment of goods and services. This is not going to be easy and will take a lot of "leg work".

Once a Filipino merchant has been convinced to accept bitcoin, he/she then needs internet access at the point-of-sale (POS) and a smartphone/tablet/PC with suitable wallet to accept/tansact the payment. I see it working this way:

1.  Business gives the customer the price converted to BTC at the current exchange buy rate.

2.  Customer logs on to WiFi at POS and sends the BTC to the merchant's wallet QR code displayed at the POS.

3.  The merchant checks the payments confirmation(s) in his wallet and, once suitable confirmation is received, passes over the goods/service paid for to the customer.

4.  At (say) the end of the day, the merchant uses his bitcoin exchange to convert the BTC takings into PHP and have that deposited into his/her bank account within 8 business hours.

One of the problems here is the confirmation time. This is mainly to prevent "double spending". It would be up to the merchant to determine what is an acceptable confirmation. For smaller transactions, just being seen by one or two peers may be sufficient confirmation, taking just a few seconds. The larger the transaction, the more confirmations would be needed, taking more time.

Another problem is the exchange rate volatility, which can go up as well as down.The bitcoin exchanges offer a few ways to eliminate this volatility.

The advantages for the merchant include:

• No credit/debit card fees/commissions.
• Less work/costs associated with handling cash.
• Good business promotion - at least initially while few merchants accept BTC.

Now, if only SM would accept BTC!

There are literally thousands of "branch locations" in the Philippines where receivers can get their money (fiat) "instantly". Check out the methods offered by the Filipino bitcoin exchanges. I would hazard a guess that 98% of Filipinos live within 30 minutes travel to one of these "branch locations".

As for "instant", it is not quite "instant". most Filipino bitcoin exchanges only do their banking/Pera Padala once a day on business days only, so "instant" at present can only mean within 8 business hours.

As the Filipino bitcoin exchange grows, I hope to see them arranging Pera Padala 7 days a week and multiple times a day. Then you could send bitcoin to the exchange Sunday morning and have the cash available for pick-up within a few hours the same day.

Yup i guess so if there is a country adopted bitcoin fully as a curency in their country and accepted it officially by the goverment it would be great

Seems Philipines will overtake any other country in bitcoin adoption. I am really impressed by how quickly they had adopted everything so fast, and are still doing so. We need to have more countries and specially Greece to do it.

Its one of the services that coins.ph have. If you have a wallet there you can see all of their awesome services. As of now only few universities are in their list but it's a big step and hoping for more universities here will adapt that.

woow that was awesome i imagine that i could paid my school tutions with bitcoin to,by the way i was curious about the unevrsity which you said maybe if you find the link please share here and let us know thanks