How bitcoin can help for working abroad specially OFW - page 17.

hase0278

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Quote from: jwenbu on October 19, 2017, 03:40:14 AM

Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
Please share more on how bitcoin can help.

They can earn more money via bitcoins but I dont suggest doing it using faucets. They can earn much more doing other methods to earn online. Besides it being used to remit money for their family in Phippines, it can also help them ease in currency conversions from a certain fiat currency to peso. They can also use it to carry their money to and from Philippines conveniently without the risk of losing it somewhere.

buwaytress

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Bitcoin will naturally appeal to the Phiippines, where overseas remittance from their workers abroad has for a long time been its greatest contributor to national GDP. This has been further boosted by Bitcoin's incredible ascent in price. Every dollar, euro, pound sterling, ringgit, riyal that they previously sent home is worth far less than every Bitcoin ever converted from wages.

People have been complaining about the cost of Bitcoin transactions too, but even at the most expensive I've paid, it's still a huge savings on the fees from competing remittance services.

When South Asia's own overseas workers, who also send back a lot of wages, discover Bitcoin and use it, well. That will be the next wave of adoption.

lordquanta

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Quote from: jwenbu on October 19, 2017, 03:40:14 AM

Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
Please share more on how bitcoin can help.

Bitcoin or crypto currencies can make life easier for people who want to transfer their money to their relative from overseas. This is the best case scenario for bitcoin at its best. Because if you go by the traditional way then it takes a lot of time to get the money. There are huge charges on the sending money and overall this transaction doesn't yield much. That the cost of transfering money from one to other country is high. And these financial institutes had monopoly so far on this area. Bitcoin and other crypto are making big splash in this area. Where money can be transferred to the person from different country in record less time (considering you are paying bit high transaction fees) and securely. The high transaction charges for the bitcoin is still less compared to the traditional ways.

earning bitcoin from faucet is not good idea. Stay away from them as they make more money for people who are running it.

AimHigh

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Quote from: jwenbu on October 19, 2017, 03:40:14 AM

Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
Please share more on how bitcoin can help.

I believe that bitcoin is a big help for those OFW because as you said about remittance they cannot pay a big amount of taxes and remittance pay in the ramittances branch if they use bitcoin to remit their money in their family there is no additional payment and of course because of the flactuation of currency theres a chance that there money was increase.

pealr12

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My wife is an ofw , and i do bitcoin to help my wife to earn money for our future. Cause this is the only job that i know , my wife is so happy when he knew that im earning trice than her 1 month salary. I dont want my wife to leave us again and work in other country.

iamTom123

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Quote from: jwenbu on October 19, 2017, 03:40:14 AM

Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
Please share more on how bitcoin can help.

The Philippine government is very supportive of the growth and potential of Bitcoin in particular and the cryptocurrency in general. There would be coming two exchanges that can open next year making the Philippines marketplace excited and booming. Bitcoin has yet to reach the mainstream but there is a growing interest with it judging on the growing client base of Coins.ph.

Personally speaking, Bitcoin has opened many doors for me to make some money online. I have some investments now denominated in Bitcoin and I believe that there is a good future for cryptocurrency in the country considering that Filipinos are known to be good adopters of new innovations especially involving online. Filipinos belong to the top in terms of social media use and are known to be good online freelancers that is why many employers preferred to hire outsourced workers based in the Philippines.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: joshua10 on October 19, 2017, 04:02:39 AM

bitcoin, of course, can help our countrymen ofw anybody can use bitcoin to ask you what I can only answer there? so much bitcoin is capable of bitcoin because for everyone it can insert their work bitcoin so that they have income too big for them too? so in my perspective so bitcoin help those ofw ...

What the hell are you talking about? - your words dont make any sense

Bitcoin is a source of earning for people who trade and have stuff to sell. Working abroad has nothing to do with bitcoin because bitcoin does not discriminate people on the base of place of birth or residence. If you want to trade bitcoin you can jolly well do so. If you talk about bitcoin being banned in many countries then there are several ways to circumvent that and still use bitcoin.

Aamir1

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People working abroad doesn't need to worry about sending money home anymore with Bitcoin. They can simply buy bitcoins and send them home, or they can also cash out the Bitcoins in a local bank in their country as it is all done online. Now if i want to send money to someone living in a different country than mine, i can simply go to Localbitcoins.com and sell some bitcoins providing the bank account given by that person, and he will receive the cash in there while i will pay bitcoins from here. So bitcoin has really made a lot of things very easier for a lot of people.

Lancusters

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Bitcoin helps more people to work at home but receive their salaries abroad. It can be much more profitable. As for the Philippines, the people themselves are to blame for that don't have the money. Who you were forced to choose a dictator Duterte President. Dictators don't like bitcoin and therefore you will soon and bitcoin will not help but that is another topic.

khitcathy

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I think bitcoin can really be helpful for working abroad specially OFW since they can do it as a part time business. They can use bitcoin to remit money in their love ones and they can use it to buy products.

jwiz168

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OFWs are the wealth and workforce of the Philippine economic strength and therefore , if only they can save as much and return to invest on emerging markets, they won't need to be afar anymore and be with their love ones.

josh07

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as I know the excess amount of bitcoin users around the world and its volume to help them to help other countries as bitcoin is for everyone else and what is it? so bitcoin is a great help to all of us even if you have a job or not so I think the bitcoin can afford to help our countrymen ofw so that their lives are just as good as my eyes on your question ...

TheCoinFinder

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While working abroad, you need not to carry cash in your pocket.
Bitcoin can help us paying and being paid internationally without government verification barriers.
Bitcoin has very intense effect on world's economy. It helps us saving time, not only rich people but financially weak tribes are also benefitting from bitcoin.

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Quote from: jwenbu on October 19, 2017, 03:40:14 AM

Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
Please share more on how bitcoin can help.

This is true on which I do have an OFW friends which did even completely stop and go home into their country and focus on full time with bitcoin because they can earn more than on the amounts than on their previous job.It is really a risky thing to do but those people did handle the risk but now they are really earning huge and the good thing here is that they are together with their loved ones.

joshua10

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bitcoin, of course, can help our countrymen ofw anybody can use bitcoin to ask you what I can only answer there? so much bitcoin is capable of bitcoin because for everyone it can insert their work bitcoin so that they have income too big for them too? so in my perspective so bitcoin help those ofw ...

jwenbu

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Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
Please share more on how bitcoin can help.

Topic: How bitcoin can help for working abroad specially OFW - page 17. (Read 3027 times)