Topic: How Phillipines adopting BITCOIN (Read 1434 times)
at first i thought that asian country are more stricker than others because i heard a lot of news on the past that china , korea , india , etc were all restricting the use of cryptocurrency . in the case of philippines im already aware about thier terror president but its nice to see that he gladly accept bitcoin . anyway , this is a good jump start about the adoption for cryptocurrecies and lets hope that this country can push their support , so that many people can now have a confident to invest .
The Philippines has a crypto friendly leader who although a bit controversial appears to be doing some good things for the country. Reducing crime with a no nonsense policy, and not pushing bitcoin forwards. Good times for the Filipino people
Wow this is very nice to see how even the Philippines have succeeded in using bitcoin as a digital currency to pay for goods. I was just curios though as to how people in the Philipines have adopted the use of bitcoin. Is the use of bitcoin now for selected products and stores only or almost on any store and products?
I see Asia, the Philippines including the countries that have a positive impact on Bitcoin at this time, a good sign for cryptocurrency for Asia, especially Fillipine, I am sure that in the future Bitcoin in the country will be good and develop all over filiipine, I hope other countries likeneighboring countries can better adopt Bitcoin for people and countries, especially ASIA.
The adoption of bitcoin around the world is progressing and many big companies are also to hse the cryptocurrency despite its price depreciation. The Philippines are among the countries that are considered cryptocurrency-friendly becahse the government itself welcomes blockchain and fintech companies to establish their businesses in this southeast asian nation. The Philippines can now establish itself as one of fintech hubs in asia in the future.
BEFORE:
Negative impact on the economy as per the past government.
The remittance market is increasingly $26 Billion annually which is rank no. 3 in the world.
Charities has limited reach internationally because of high transfer fees.
Unqualified merchants to accept digital currency.
10% transfer rate from fiat money.
NOW:
You can now purchase goods using a bitcoin in some small online merchants.
Availability of Bitcoin Atm located in Salcedo Street, Makati Philippines.
Bitcoin as donations given to the charities reaches internationally
Pay services using bitcoin.
Buy foods and drinks in the fastfoods in the philippines.
Lastly, increasing and growing numbers of people using bitcoin in the philippines.
This is how our country adopting a new technology, How's yours? Please share with us.
Yes,many people in the Philippines now are adopting bitcoin and using it in many transactions. But also there are several reports already that people are using bitcoin to scam big amount of money.Negative impact on the economy as per the past government.
The remittance market is increasingly $26 Billion annually which is rank no. 3 in the world.
Charities has limited reach internationally because of high transfer fees.
Unqualified merchants to accept digital currency.
10% transfer rate from fiat money.
NOW:
You can now purchase goods using a bitcoin in some small online merchants.
Availability of Bitcoin Atm located in Salcedo Street, Makati Philippines.
Bitcoin as donations given to the charities reaches internationally
Pay services using bitcoin.
Buy foods and drinks in the fastfoods in the philippines.
Lastly, increasing and growing numbers of people using bitcoin in the philippines.
This is how our country adopting a new technology, How's yours? Please share with us.
phillipines adopting bitcoin is a plus to the cryptocurrency and bitcoin community. it goes to show bitcoin acceptance and usage is growing and with time we will see other countries adopt and accept bitcoin for usage
Actually in Philippines bitcoin is legalize, The government is preparing for a big change and it's on our way to use digital money. We have a lot of start ups company that requires to study the field of blockchain and some schools applies to learn blockchain courses, with this kind of sequence im so proud of my mother country that will change the way of life of filipinos. #LonglifeBitcoin
Wow the Philippines never cease to amaze with their vast adoption into crypto currency, right from airdrop and bounties now they have kicked off with such a good start in making bitcoin easy to use in their country..
Great and good to heard on that news for the phillipines
They believe that's bitcoin are useful currency and to help for the economic growth speciall for the poor people
Bitcoin contribute for the charity institutions and can use easier to buy and convert into fiat authozed by the bank
They believe that's bitcoin are useful currency and to help for the economic growth speciall for the poor people
Bitcoin contribute for the charity institutions and can use easier to buy and convert into fiat authozed by the bank
Cheers to that. Remittances will be the key driving factor in the country where this is a big part of the economy. Also due to the number of people using online it’s also better for merchants to use it.
It's good to hear that Philippines have accepted bitcoin and making good use of it. I hope all the countries will adopt this new technology very soon. All we can do is just hope for that day.
Its a great opportunity for filipinos. As far as I know there are some stores in the Philippines that accept bitcoin for payments. It is a big help for filipinos who don't have job , it can also help the economy of the country. Bitcoin is open for everyone who wants to invest unless it was banned in your country. I hope that many countries from Southeast Asia finally accept and adopt bitcoin in the future.
Well this is great for the Philippines, the only thing that they need to do is to influence everyone around there that BTC can actually help, and that is what I think the main problem is, we just really to have to convince them that BTC is real and that Bitcoin ATM in Makati City can be proof that BTC is legitimate.
Love the Philippines. This place is characterized by freedom and friendliness to everything new. This included Bitcoin. I think this is the right decision. With the help of Bitcoin, the Philippines will be able to move even further in terms of economy.
I live in the Philippines and I don't think it is helping that much.
I think it's been years since the cryptocurrency, Bitcoin was legalized in our country and still now small population in our country only uses it. I am not saying that they are literally using it but earning and investing it. We have a popular exchange called coins and the users thought they are using Bitcoin to pay their bills even though they are not really doing that. The exchange or coins is responsible for converting their Bitcoin in their wallets into fiat and that fiat is being paid in their wanted places or platforms like Steam or other financial bills.
I don't know the extent to which Bitcoin is used in the Philippines, but I always think that most Southeast Asian countries are crypto-friendly countries, such as Singapore, Malaysia and Indonesia, where there are many crypto enthusiasts and Many small exchanges.
Yeap. Philippines actually adopting bitcoin little by little. I hope that some stores will also use bitcoin as their payment method in receiving money aside from debit cards from different banks. Philippines have their legit app where you can store and use your bitcoin in cashing out and topping up your mobile phones or even pay bills payments online.
this is amazing, i am glad a phillipines have accepted and adopted the use of bitcoin. it goes to show the world wants bitcoin and it will only take a short time before we see so many countries accept and adopt bitcoin for use
I think the Philippines has done its best by accepting Crypto as one of the payments and can even be used as a sale and purchase of goods using bitcoin, of course this is very good news and will be able to push up the price of bitcoin. philippines by accepting bitcoin.
I think so too the Philippines uses crypto which is not famous and that makes the bitcoin coin from there the Philippines adopts bitcoin which is useless to me so and that is also the best way to thank you 
This is very nice to hear. I am sure that this makes great impact and will give the best example of usage for bitcoin in every country. I believe that the Bitcoin ATM's are very important for raising the usage of bitcoin. We have still no bitcoin ATM in our counrty and we are waiting of it. Also paying services and the food chains bitcoin usage is very important too. It shows us that the Philippines will be the one of the leading country about the bitcoin.
BEFORE:
Negative impact on the economy as per the past government.
The remittance market is increasingly $26 Billion annually which is rank no. 3 in the world.
Charities has limited reach internationally because of high transfer fees.
Unqualified merchants to accept digital currency.
10% transfer rate from fiat money.
NOW:
You can now purchase goods using a bitcoin in some small online merchants.
Availability of Bitcoin Atm located in Salcedo Street, Makati Philippines.
Bitcoin as donations given to the charities reaches internationally
Pay services using bitcoin.
Buy foods and drinks in the fastfoods in the philippines.
Lastly, increasing and growing numbers of people using bitcoin in the philippines.
This is how our country adopting a new technology, How's yours? Please share with us.
I think malaysia slowly adopting it well . mostly private enterprises like ATM Bitcoin and exchange plus some merchant both offline and online Negative impact on the economy as per the past government.
The remittance market is increasingly $26 Billion annually which is rank no. 3 in the world.
Charities has limited reach internationally because of high transfer fees.
Unqualified merchants to accept digital currency.
10% transfer rate from fiat money.
NOW:
You can now purchase goods using a bitcoin in some small online merchants.
Availability of Bitcoin Atm located in Salcedo Street, Makati Philippines.
Bitcoin as donations given to the charities reaches internationally
Pay services using bitcoin.
Buy foods and drinks in the fastfoods in the philippines.
Lastly, increasing and growing numbers of people using bitcoin in the philippines.
This is how our country adopting a new technology, How's yours? Please share with us.
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