Sound like you seem to promote coins.ph and BuyBitcoin, you should show the screen shoot of the exchange so that peoples will trust because the majority of users have not know that exchange,maybe can make it this exchange be in the know.
Thats right more on newbies haven't exchange. If they trust and they dont know what is the value of their exchange,coins.ph abd buybitcoin.ph can outweigh the bitcoin users. And also screen shot can make idea to newbies how to exchange 
Topic: Bitcoin Use In Philippines - page 9. (Read 10042 times)
Sound like you seem to promote coins.ph and BuyBitcoin, you should show the screen shoot of the exchange so that peoples will trust because the majority of users have not know that exchange,maybe can make it this exchange be in the know.
It seems Philippines still lack the necessary facility for the massive adoption of bitcoin. Internet connection may be the biggest hurdle for the process.
As per the latest stats, more than 40% of the total population in Philippines is having access to internet and the percentage is growing rapidly. 40% is a very good number, I'd say.
You forgot coinage.ph and btcexchange.ph which are the real "open" exchanges. Their volumes are in the range 100~200 BTC per day.
If I recall correctly your also in the area Dabs so you know best
It's still a cool idea though
The ease of use is likely the only problem, if it was integrated where phone credits could be loaded with Bitcoin using Smart or Globe then it would reach the next level.
Sam Kaddoura, co-founder of bitcoin exchange, BuyBitcoin.ph, said: "Those who do not want to go through the hassle of opening bank accounts or pass the requirements for credit cards will embrace bitcoins."
But in reality opening bank account is not that hard. I imagine that exchanges want from you almost the same kind of credentials as normal banks. And on top of that if Op said that internet connection is not that common among Philippine people and they also do not own smartphones it will be a long way to follow until bitcoin could be used freely.
But in reality opening bank account is not that hard. I imagine that exchanges want from you almost the same kind of credentials as normal banks. And on top of that if Op said that internet connection is not that common among Philippine people and they also do not own smartphones it will be a long way to follow until bitcoin could be used freely.
This is just patently wrong. The average Filipino doesn't have enough of a paper trail or ID's to even pass the AML/KYC verification requirements for the banks here (I'm in Manila), let alone the initial and maintaining capital requirements to even keept the account open.
Yeah I don't know how I'm using bitcoins here in the Philippines. I have fiber optic internet in the poor Muslim island of Mindanao. Sometimes I even use bitcoins while drinking my mocha at Starbucks or Krispy Kreme. The perception of poverty is from folks that haven't been to the Southern USA. In fact it's difficult to find a Filipino not staring at their mobile device. More filipinos are on Facebook that any other nation per capita.
Mobile phone penetration here is beyond 100%, with smartphone penetration at 15% and counting. Having your own internet line is relatively easy here, with the numerous prepaid options that could give unlimited access (but certain bandwidth caps do apply), but even without it, you could rent a computer here at any of the hundreds of thousands of internet cafe's that have sprung up around the archipelago starting at $0.23 USD/hr
No mention of Rebit for remittances from the US to PI?
https://rebit.ph/
Or the brain trust that practically owns all of these Bitcoin operating units in the Phillippines?
http://sci.ph/
Satoshi Citadel Industries pretty much runs Bitcoin in the Phillippines. If you want to stir the hornets nest, best to contact someone from SCI with your idea, and they'll hopefully make it happen in the PI.
https://rebit.ph/
Or the brain trust that practically owns all of these Bitcoin operating units in the Phillippines?
http://sci.ph/
Satoshi Citadel Industries pretty much runs Bitcoin in the Phillippines. If you want to stir the hornets nest, best to contact someone from SCI with your idea, and they'll hopefully make it happen in the PI.
It seems Philippines still lack the necessary facility for the massive adoption of bitcoin. Internet connection may be the biggest hurdle for the process.
As per the latest stats, more than 40% of the total population in Philippines is having access to internet and the percentage is growing rapidly. 40% is a very good number, I'd say.
Yeah I don't know how I'm using bitcoins here in the Philippines. I have fiber optic internet in the poor Muslim island of Mindanao. Sometimes I even use bitcoins while drinking my mocha at Starbucks or Krispy Kreme. The perception of poverty is from folks that haven't been to the Southern USA. In fact it's difficult to find a Filipino not staring at their mobile device. More filipinos are on Facebook that any other nation per capita.
Quote
Smart phones (Android & iPhone) ownership is not that prevalent with Filipinos, however it is slowly growing as their purchase price drops. Now you can get a second-hand one for about 3 to 5 days salary.
Internet access costs PHP5 (about 10 minutes labour) per 15 minutes.
Free WiFi is not readily available except in very limited locations in major cities.
It seems Philippines still lack the necessary facility for the massive adoption of bitcoin. Internet connection may be the biggest hurdle for the process. Internet access costs PHP5 (about 10 minutes labour) per 15 minutes.
Free WiFi is not readily available except in very limited locations in major cities.
Sam Kaddoura, co-founder of bitcoin exchange, BuyBitcoin.ph, said: "Those who do not want to go through the hassle of opening bank accounts or pass the requirements for credit cards will embrace bitcoins."
But in reality opening bank account is not that hard. I imagine that exchanges want from you almost the same kind of credentials as normal banks. And on top of that if Op said that internet connection is not that common among Philippine people and they also do not own smartphones it will be a long way to follow until bitcoin could be used freely.
Text messaging is cheap and common in the Philippines. I'm sure as the market grows SMS will be used more and more. I would be surprised if there isn't an sms ready Bitcoin wallet yet. But in reality opening bank account is not that hard. I imagine that exchanges want from you almost the same kind of credentials as normal banks. And on top of that if Op said that internet connection is not that common among Philippine people and they also do not own smartphones it will be a long way to follow until bitcoin could be used freely.
Sam Kaddoura, co-founder of bitcoin exchange, BuyBitcoin.ph, said: "Those who do not want to go through the hassle of opening bank accounts or pass the requirements for credit cards will embrace bitcoins."
But in reality opening bank account is not that hard. I imagine that exchanges want from you almost the same kind of credentials as normal banks. And on top of that if Op said that internet connection is not that common among Philippine people and they also do not own smartphones it will be a long way to follow until bitcoin could be used freely.
But in reality opening bank account is not that hard. I imagine that exchanges want from you almost the same kind of credentials as normal banks. And on top of that if Op said that internet connection is not that common among Philippine people and they also do not own smartphones it will be a long way to follow until bitcoin could be used freely.
I use coins.ph, mainly to convert my XBT to PHP, and buy PH cell (mobile) phone load when out of the country. They have a good Android app for those services.
No exchange is "to big to fail". In the Philippines, the same can be said with their banks. We are use to that.
Like all exchanges, I NEVER leave significant XBT holdings in any type of "on-line" wallet. Coins.ph even recommend that you transfer your XBT out of their wallets as soon as they are not needed there. I generally keep no more than about XBT0.01 in my coins.ph wallet (for cell load purposes). If they close up, I can afford to loose that.
No exchange is "to big to fail". In the Philippines, the same can be said with their banks. We are use to that.
Like all exchanges, I NEVER leave significant XBT holdings in any type of "on-line" wallet. Coins.ph even recommend that you transfer your XBT out of their wallets as soon as they are not needed there. I generally keep no more than about XBT0.01 in my coins.ph wallet (for cell load purposes). If they close up, I can afford to loose that.
coins.ph and BuyBitcoin. Both appear to be well operated, economical, and offer normal exchange
what's the daily volume of these?
Unknown by me, as they do not publish that information on their web sites.
Hmm... never trust these sort of small exchanges. They can crash at anytime and your coins can disappear. At least never store your coins with them.
I say forget about anything that isnt the main exchange ones unless you want to be a pioneer and try for yourself a service that may very well be a scam.
If you HAVE to then do it quick and dont leave a single satoshi on there.
Those two companies are simply on ramp/off ramps for BTC in the Philippines, you make an order, pay for it, and they send you the BTC to the adress you specify. I know Coins.ph has their own in-house webwallet, but, I mostly just use them to buy BTC from time to time.
coins.ph and BuyBitcoin. Both appear to be well operated, economical, and offer normal exchange
what's the daily volume of these?
Unknown by me, as they do not publish that information on their web sites.
Hmm... never trust these sort of small exchanges. They can crash at anytime and your coins can disappear. At least never store your coins with them.
I say forget about anything that isnt the main exchange ones unless you want to be a pioneer and try for yourself a service that may very well be a scam.
If you HAVE to then do it quick and dont leave a single satoshi on there.
coins.ph and BuyBitcoin. Both appear to be well operated, economical, and offer normal exchange
what's the daily volume of these?
Unknown by me, as they do not publish that information on their web sites.
Hmm... never trust these sort of small exchanges. They can crash at anytime and your coins can disappear. At least never store your coins with them.
You forgot coinage.ph and btcexchange.ph which are the real "open" exchanges. Their volumes are in the range 100~200 BTC per day.
coins.ph and BuyBitcoin. Both appear to be well operated, economical, and offer normal exchange
what's the daily volume of these?
Unknown by me, as they do not publish that information on their web sites.
Hmm... never trust these sort of small exchanges. They can crash at anytime and your coins can disappear. At least never store your coins with them.
coins.ph and BuyBitcoin. Both appear to be well operated, economical, and offer normal exchange
what's the daily volume of these?
IMO, Localbitcoins is the biggest Bitcoin exchange (in terms of volume) there. Both coins.ph and BuyBitcoin are relatively new, and most people are unheard about their services.
coins.ph and BuyBitcoin. Both appear to be well operated, economical, and offer normal exchange
what's the daily volume of these?
Unknown by me, as they do not publish that information on their web sites.
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