Topic: GCash offering crypto services soon (Read 1150 times)

Looks like FoodPanda is German and trades one the German stock exchange.  Grab looks to be Singaporean trading on NASDAQ.  A cursory glance doesn't show that the same entities control both corporations, but it doesn't show that they don't either.  This can be of interest because if you own both Coke and Pepsi, it really doesn't matter much if one gains in marketshare at the expense of another.  

I did not know that feature of FoodPanda, and we normally wouldn't use it, but it is interesting.  I kinda have to wonder if they are basically trying to shut FoodPanda down in The Philippines and the 'bad' business decision wasn't a method of doing it...


... I am anticipating a situation where due to a largely engineered/phony food crisis, people are compelled to get rations from the state using QR code apps.  Most people will comply or they won't eat.  Nothing will be said about the vax...at first.  That will come with the following new 'health crisis' once people are acclimated to using a rationing system and the methods of implementing this are sufficiently tightened down.

If such a plan is undertaken it would imply a simple one-to-one relationship between a provider (the state and their distributors), and the consumer.  Barter and other complexities would interfere with and complicate execution.  Best to simplify things by quietly sidelining and closing things which could interfere with such a system.  The problems which are likely to show up (e.g., people dying of starvation) can be blamed on other undesirable things (e.g., 'cash') and on the people who wish to use such relics.

pwede bang paki share yong sinasabi mong announcement ng partnership? dahil parang wala naman ako nababasang ganito both Gcash and coins.ph site , kung meron man sa facebook tiyak fake news yan bagay an usong uso sa facebook at iba pang social media platform.

and besides karamihan nga satin eh gusto na dumistansya sa Coins.ph eh so kung makikipag partner ang gcash eh ano pang aasahan din nating serbisyo?

Maganda talaga sana coins.ph for an exchange. Very convenient ito and ang dali mag convert from crypto to cash para makapag bayad ka ng mga bills, etc. Pero over the years na ginagamit ko si coins.ph, mas lalo silang nagiging restrictive and strict sa TOS nila.

I remember, wala pang EKYC before siguro around years of 2017. When they implemented EKYC, they even asked for my GCash transaction history, etc. para lang ma-prove na legit yung origin ng funds ko. Now na naging okay na ang lahat, when they found out na yung proceeds ng BTC ko ay nanggagaling sa isang gambling website, they restricted and limited my withdrawal limits.

Kaya to be honest, nag hihintay talaga ako na magkaroon ng malaking competitor si coins.ph kasi medyo sumosobra na talaga sila sa regulations nila.

Actually, hindi lang naman exclusive ang coins sa Pilipinas pero sa ibang bansa rin. Interchangeable yung .ph sa coins.ph para ibang website nila sa ibang bansa. Ang mahirap nga lang sa coins.ph ay minsan hindi sya convenient gamitin dahil sa sobrang strict nito at yung mga paminsan minsan banning at limits nila sa mga users.

In regards naman sa partnership ni Gcash at Coins.ph, I think nagkamali sya ng basa dahil ang pinost na partnership ni coins.ph ay yung celebration ng partnership nila sa Globe Rewards at hindi sa gcash mismo. Anyways, I hope na yung Gcrypto na pinaplano ni Gcash ay competitive sa coins.ph pero I doubt na mangyari ito.

Pwedeng ganun na lang nga talaga kung ayaw nila ng mas malaking obligation, ung ginawa kasi ng Maya eh investment lang talaga kagaya nga ng mga nasabi ko na sa mga unang post ko, bale focus lang sila sa business / investment side at hindi nila sinama ung pag hahandle ng deposit at withdrawal gamit ang mismong crypto coins na inooffer nila, kung ganyan lang din gagawin ng GCash medyo limited lang din ang sasabak pero hindi naman din natin alam ung pang matagalang plano nitong dalawang naglalakihang digital payment process sa bansa natin, malay natin db..

Mas mainam kung ganun yung mangyayari dahil yang bigatin na kalaban nila ay kilala rin sa iilang mga bansa. Tungkol naman dun sa sinabi mong nakita mo sa facebook posts ng coins.ph na partners nila si gcash ay napasilip ako kung nag-announce ba sila na partnership nila ito pero hindi ko nabasa o baka nalampasan ko lang kakascrolldown. Pero kung totoo man ito ay mas mapapadali narin yung palitan ng mga cryptocurrencies sa pamamagitan nila. Habang tumatakbo naman ang araw ay siguradong marami pang maglalabasan na malalaking kompanya na mag-ooperate ng cryptocurrencies dito sa atin bansa.

Nakita ko sa facebook ng coins.ph ang naka post ay partner sila ng gcash. Siguro ay hindi sila competitor ang isa sa magiging malaking competitor nila ay ang paymaya or maya.

I agree. Malapit na talagang i-release kasi meron na silang notification sa app nila na "cryptocurrency coming soon". Sana naman maganda ang magiging services nila when it comes to cryptocurrency, at mas murang fee kapag magtatransfer to banks or money transfer outlet like Palawan, Cebuana, or M-Lhuiller.

Food panda sucks, I've used them many of times and what I only like them is you can send someone food away from you and in another location if you want to treat someone. I've used gcash for loading up with my balance there but why is it that they've changed the terms and only PayPal or visa. That's crazy, knowing that they're in a country where it's mostly dominated by gcash/paymaya.

That can happen but if they're wise enough, they're not going to use any local payment method.

Mas magiging maganda yan panigurado sa mga old known wallets kasi nga mas kilala sila at yung magiging customers nila, nandyan na at kailangan nalang mag explore pa.
Ang mahirap lang talaga dito ay kung magstick lang sila sa plan nila na magiging wallet lang sila tapos buy and sell lang tapos walang withdrawal at deposit.
Yun naman kasi talaga ang dapat sa mga wallets kahit na custodial wallet sila, kung registered naman sa BSP nandun yung tiwala ng mga tao.

Oo kahit ganun muna para mdyo magkaroon ng idea yung mga GCash users na wala pang alam tungkol sa crypto, pag nagtuloy tuloy naman yan malamang sa malamang dadami rin yung magiging feature nila, sa ngayon ung masimulan muna nila maiooffer at maintroduce sa mga users nila ang crypto eh malaking bagay na yun para sa paglaganap at paglago ng crypto sa bansa.

Magandang simulain na yan para both Maya at GCash eh merong crypto offer and along the way mag aadjust at magdedevelop na rin sila ng mga sarili nilang wallet na makikipagkumpetensya sa abra at coins.ph.

I'll take the liberty of replying in English due to the thread title and relevance.  I live in-country but am not literate in the language.  This according to my Wife.

Today, as with most days, we ordered food with Food Panda.  COD is suddenly not available.  Nor was gcash.  They suggested PandaPay.  PandaPay could be loaded only with PayPal or Visa.  Both of these options are pretty well controlled fully by (satanic creeps within) the U.S. sphere so we don't have PayPal, and the one time we use the credit card for one of the money services (ShopeePay or some such) some scammer in Manila started using it too so we don't use the cards very much.  (I will say that BPI was good about reversing the charges of the scammer as is the case in the U.S., but it's still a giant hassle so we avoid taking chances with the card.)

The event with Food Panda was enough to get us off our asses and trying Grab for food delivery.  It's actually a much better user experience so we'll probably use that going forward.  Interesting that one fuck-up, or allowing one 24 hour period where the corp/gov policies impact one's customers, can cost a business a huge chunk of their user-base.

I figure that most likely Grab, LBC, etc will be pressured to come under full Western or general one-world technocratic domination in terms of money transfer and will capitulate.  I project that upon this happening the stage will be set for smaller players, even down the barangay level, to turn a few pesos facilitating transactions.  Hope so.  And more than that, I hope that more and more they use crypto for back-end settlements and the like.  I do expect that at some point, and maybe not that far in the future, the procedures for getting food will be similar to what they are now for getting shabu.

May nakita na akong post tungkol ulit sa gcash crypto. Mukhang malapit na nating makita kaso ang tingin ko lang baka tulad lang din ng sa Maya na app.
Simpleng buy and sell palang ang meron sa nabasa ko pero ok na rin at magandang start para sa top crypto sa market. Para mas maraming mga kababayan natin ang makabili at magkaidea tungkol sa crypto. Baka kabahan na yung mga ibang malalaking local exchange dito sa atin.

Yeah mukhang ganon na nga ang mangyayari , pati Binance ay maapektuhan ng Gcash adoption na to.

lalo nag mas less risk at masy direct trading .


and also? ito ang magiging dahilan ng mas malawak na adoption ng mga pinoy sa crypto since magkakaron sila ng options maniban sa direct sending ng cash to cash basis, sa pagkakataong ito ay pwede na din sila mag invest lalo na yong may mga funds na naka stock lang at hindi nagagamit.

Kung magkakaganun medyo magiging madalang na rin ang paggamit ko ng binance p2p kasi kung direkta na sa GCash medyo mas madali na sya at kagandahan pa eh mas madaming mga kapwa pinoy natin ang makakapag avail at posibleng matuto na rin sa pagccrypto, hindi puro hype lang na kadalsan eh nasusunugan ng pera dahil sa maling impression sa crypto, pag GCash na medyo mapag aaralan at matutukan yung opportunidad sa tamang paraan ng investment sa crypto.

I think kung sakali man na mag-implement ng cryptocurrency si Gcash sa platform nila, sobrang dali lang para sa kanila na mag-allow ng ganitong bagay tulad ng crypto payments thru different Gcash accounts. Kaso nga lang hindi sila yung dapat magdecide nito kundi yung mga business owners, kung iaallow nila na mag-accept ng crypto payments sa kanila mga businesses lalo na't volatile and crypto at pwede bumaba at tumaas.

Agree, wala naman masyadong issue when it comes sa KYC lalo sa mga trusted companies like coins.ph o Gcash since alam natin yung security ng mga documents at identity natin. Para lang din kung magbubukas ka ng banko na required yung identification. Anyways, hindi ba bago ka mag-P2P trading sa binance required din ang KYC?

Gawin sana nila na pwede gamiting pambayad ang crypto sa mga business outlets na tumatanggap ng gcash. Kapag ito ay nangyari, mas magiging crypto-friendly ang bansa natin at mabubuksan ang isip ng mga kababayan natin na nagsasabing ito ay scam.


Wala namang masama sa KYC kung sa mga trusted companies natin isusubmit ang mga private info natin. Paraan lang ito ng mga institution na protektahan ang kanilang business sa mga kriminal na pwedeng gamiting ang kanilang platform sa masamang paraan tulad ng money laundering.

Yung option kase sa maya buy and sell lang, wala pa talaga syang deposit at withdrawal ng cryptocurrency kaya kung magiging ganito lang den ang option sa Gcash, mas ok paren si coinsph. Sana gawin nila ang katulad ng kay coinsph at mas higitan pa ito. Dumadami nga ang competition sa atin pero most of them naman required na talaga ng KYC kaya yung mga may ayaw ng ganito ay sa Binance P2P paren ang bagsak. Well, let's see kung ano ba ang magiging regulation, let's hope nalang for a supportive government.

Gumaganda na talaga ang competition dito sa atin, at sana ay magtagumpay yung mga wallet na yan with their crypto adoption kase tayo ren naman ang makikinabang dito at mabibigyan ng maraming option para makagamit ng cryptocurrency. I read the recent news from gcash with regards to adoption, its very interesting and let's see kung paano ba talaga nila ito magagawa ng mas effective at makipagcompete kay coinsph.

Yes, magandang feature ito... Kung hindi ako nagkakamali, may ganitong feature din sa Maya pero since mas maliit yung market share nila, limited lang ang impact nila in comparison sa GCash.

Base doon sa screenshot na shinare ni @abel1337, mukhang hindi kasama ang send and receive feature sa GCrypto.