How Phillipines adopting BITCOIN - page 3.

Shiversnow

full member

Activity: 688

Merit: 106

Quote from: EllieBasti05 on October 23, 2018, 02:30:28 AM

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.

Well, Makati city is only city that accept bitcoin in exchange in their product. Having bitcoin atm is more good idea because in the our country which is Philippines most of the people have their problem on how they withdraw their bitcoin into fiat. I think if there will be more bitcoin atm I think we can really say that Philippines fully adopt cryptocurrency.

Souldream

legendary

Activity: 1110

Merit: 1000

Quote from: Captain Sneeze on November 13, 2018, 08:06:45 AM

Quote from: EllieBasti05 on October 23, 2018, 02:30:28 AM

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 am glad that my country which is Philippines adopt bitcoin. I know that many filipinos nowadays already know bitcoin and crypto but they still need to research about bitcoin so they can easily learn bitcoin. Some of them are getting interested on investing like my friends when I first introduced bitcoin to them. Its nice that our government accept bitcoin in our country because I know it will give a lot of benefits to us.

It is good to feel that we, Filipinos are adopting Bitcoin and using it in mode of payments for any transaction. But, Filipinos should research about it before investing. It will be a big help for them because Bitcoin's not a joke, so people who will the interest to invest in it will be knowledgeable enough as the it goes by.

Captain Sneeze

member

Activity: 351

Merit: 11

Quote from: EllieBasti05 on October 23, 2018, 02:30:28 AM

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 am glad that my country which is Philippines adopt bitcoin. I know that many filipinos nowadays already know bitcoin and crypto but they still need to research about bitcoin so they can easily learn bitcoin. Some of them are getting interested on investing like my friends when I first introduced bitcoin to them. Its nice that our government accept bitcoin in our country because I know it will give a lot of benefits to us.

Marbelli

jr. member

Activity: 182

Merit: 1

EndChain - Complete Logistical Solution

Unfortunately, my country has absolutely not implemented a blockchain and a cryptocurrency and is rejecting it in every possible way. Thank God mining was not banned

fulmetal08larz

full member

Activity: 476

Merit: 124

I believe that even if our beloved country, Philippines is running at a slow pace in regards to economic growth, most of the people in our generation are already tech savvy and are curious and interested about ways on how they can conveniently transact smoothly using BTC as mode of payment and as an investment as well. Mass adaption will take place in our country within the next few years, it is very exciting.

virasog

legendary

Activity: 3136

Merit: 1172

Leading Crypto Sports Betting & Casino Platform

Quote from: clickerz on November 08, 2018, 06:30:30 PM

Quote from: Juliedarwin on October 28, 2018, 08:38:54 PM

Many people in the phillipines are already adopting bitcoin because of the pretty good investment of it and the good transactions are so smooth to have. But not to get scam or to experience about to that so scared and worry about.

Philippines really welcomes bitcoin with open arms.Bitcoin gives opportunity many Pinoy which lead to opening an economic zone dedicated to blockchain technology the Cagayan Crypto Hub. The completion is high with other countries to this new exciting technology and Philippines is doing their share too.

You can read updates on Philippine Fintech news here

https://www.facebook.com/FintechPhilippines/

Philippines , although not so advance country but they are fast in adoption of bitcoins and technology. Due to this, they will soon become one of the strongest country. More countries are also adopting the bitcoins but few are still looking to ban the coins which will not benefit those countries themselves.

rudox

full member

Activity: 476

Merit: 100

Philipines congratulations to you all. Your country is now fully cryptolized. The Philippines will be more empowered through cryptocurrency and your country is fully into cryptocurrency to the extent of having retailers accepting crypto for settlement of transactions and even BTC ATM machine already operational in your city. This is awesome. My own country is not even talking about blockchain which the people in government knows next to nothing about crypto. Time will tell.

EllieBasti05

jr. member

Activity: 95

Merit: 1

Quote from: vernl on November 12, 2018, 08:48:34 AM

Quote from: EllieBasti05 on November 12, 2018, 08:42:58 AM

Quote from: ratatat bangbang on November 09, 2018, 12:10:45 AM

It needs more time that it will happened. Adopting bitcoin needs first to be accepted wholely by the country such as the government. For now there are companies and bayad center who accepts bitcoin payment which is a sign that sooner or later bitcoin will be accepted in the Philippines.

The government already accept it. Small merchants in makati and bitcoin ATM was established also in makati. Government will regulate by forming anti money laundering team to monitor all transactions and allowing only companies that given a license to operate in the philippines. This ensures the are not just adopting it but to protect investors and users. Hopefully they will start giving a salary in the form of bitcoin so that bitcoin will spread to the whole country.

Pinoy goverment doesn't accept Bitcoin and drugs dude, i don't know where you get that information they will let Bitcoin free but currently it was illegal just like drugs in Philipines.
Adopting Bitcoin isn't that easy.

How can you say that dude ? Bitcoin is growing in the philippines without the use of mainstream media. Media gives negative comments on bitcoin due to it was used to scam people.
And how come many people engaged to bitcoin mining ? And how come the security bank accepts bitcoin without the permission by the government?
Just do your research dude and dont get fall on Hoax news by the media.

Traslavin

full member

Activity: 461

Merit: 101

Quote from: clickerz on November 08, 2018, 06:30:30 PM

Quote from: Juliedarwin on October 28, 2018, 08:38:54 PM

Many people in the phillipines are already adopting bitcoin because of the pretty good investment of it and the good transactions are so smooth to have. But not to get scam or to experience about to that so scared and worry about.

Philippines really welcomes bitcoin with open arms.Bitcoin gives opportunity many Pinoy which lead to opening an economic zone dedicated to blockchain technology the Cagayan Crypto Hub. The completion is high with other countries to this new exciting technology and Philippines is doing their share too.

You can read updates on Philippine Fintech news here

https://www.facebook.com/FintechPhilippines/

This only mean that we the Filipinos are willing tl learn and are open for new opportunities and possibilities not only to earn but to learn though earning profit is one of the major reason why we are one of the member of this forum but knowing that Filipinos are very positive about this is such a great news for me.

ardhigalau

full member

Activity: 316

Merit: 100

I'm proud to see your country can adapt bitcoin very easily, and I'm sure the people there are very technologically aware. Hopefully this will continue to other countries.

ridertiger

full member

Activity: 490

Merit: 110

it is great to see your country adopting Bitcoin widely. I hope my country will do the same as our economy is not doing well.

Kesari

newbie

Activity: 56

Merit: 0

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.

vernl

newbie

Activity: 29

Merit: 0

Quote from: EllieBasti05 on November 12, 2018, 08:42:58 AM

Quote from: ratatat bangbang on November 09, 2018, 12:10:45 AM

It needs more time that it will happened. Adopting bitcoin needs first to be accepted wholely by the country such as the government. For now there are companies and bayad center who accepts bitcoin payment which is a sign that sooner or later bitcoin will be accepted in the Philippines.

The government already accept it. Small merchants in makati and bitcoin ATM was established also in makati. Government will regulate by forming anti money laundering team to monitor all transactions and allowing only companies that given a license to operate in the philippines. This ensures the are not just adopting it but to protect investors and users. Hopefully they will start giving a salary in the form of bitcoin so that bitcoin will spread to the whole country.

Pinoy goverment doesn't accept Bitcoin and drugs dude, i don't know where you get that information they will let Bitcoin free but currently it was illegal just like drugs in Philipines.
Adopting Bitcoin isn't that easy.

EllieBasti05

jr. member

Activity: 95

Merit: 1

Quote from: ratatat bangbang on November 09, 2018, 12:10:45 AM

It needs more time that it will happened. Adopting bitcoin needs first to be accepted wholely by the country such as the government. For now there are companies and bayad center who accepts bitcoin payment which is a sign that sooner or later bitcoin will be accepted in the Philippines.

The government already accept it. Small merchants in makati and bitcoin ATM was established also in makati. Government will regulate by forming anti money laundering team to monitor all transactions and allowing only companies that given a license to operate in the philippines. This ensures the are not just adopting it but to protect investors and users. Hopefully they will start giving a salary in the form of bitcoin so that bitcoin will spread to the whole country.

ratatat bangbang

jr. member

Activity: 308

Merit: 1

It needs more time that it will happened. Adopting bitcoin needs first to be accepted wholely by the country such as the government. For now there are companies and bayad center who accepts bitcoin payment which is a sign that sooner or later bitcoin will be accepted in the Philippines.

Siren

sr. member

Activity: 826

Merit: 265

Quote from: CryptoGuro1 on November 04, 2018, 12:32:45 PM

Large scale roll out of bitcoin and other cryptocurrencies will occur in these kinds of countries first, just look at south America-Venezuela. I believe these countries will benefit more

Venezuela is a dying country when they adapt bitcoin and accepted this open hands,but the Philippines is a different issue
Asian countries are now welcoming cryptocurrency specially bitcoin because of the technology behind this,and thats blockchain..
Looking how japan welcomes this currencies are more reliable reason than Venezuela and south america

Quennlorna42

jr. member

Activity: 42

Merit: 1

i think of my knowing since bitcoin is well accepted by the philippines and because of that many want to earn and work even if not fulltime yet atleast you have income and many profits and benefits that we get. for me a bitcoin is the best crypto in the world.

raidarksword

member

Activity: 2044

Merit: 16

Bitcoin adaptation in Philippines was not good and popular as of today. It's good thing to know that some Filipinos are now in crypto currency and that's really a good sign that Philippines is having an open mind of what bitcoin really is all about and how it can change the financial scale and improve economic stability. I gave credits to the government that really pushed and accepted bitcoin and believing the ideology of it.

AiBBio

newbie

Activity: 42

Merit: 0

This country uses really all opportunieties that bitcoin gives

kateycoin

full member

Activity: 882

Merit: 104

Many cryptocians are from the Philippines many people use it as payment and also a another income. Filipino is fast leaner about everything so I think many people in the Philippines will be successful in crypto.

Topic: How Phillipines adopting BITCOIN - page 3. (Read 1446 times)