How Phillipines adopting BITCOIN - page 6.

aliceHortrex

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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.

It is very nice to see such positive trends in the development of bitcoin implementation in your territory. In Europe, unfortunately, everything is not so smooth, but compared to what was even 5 years ago - this is a huge progress. Thank you for the information: I propose to update the topic with the emergence of new changes regarding bitcoin and cryptocurrency in the Philippines!

aryaadikariyansyahsuwarto

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This Is Promissing Project

I really applaud the country, Philippines is a country that is also a lot of connoisseurs of bitcoin, they have done a bit of bitcoin accepted by the country, and the results are very suitable for what they expect. Give a loud pat.

EllieBasti05

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Activity: 95

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Yes, Philippines starting to accept the third party policy for bitcoin transactions. They also form an anti money laundering team to monitor each transactions if the crypto company has given a license to operate in the Philippines. Setting of regulations to protect the users and investors in the Philippines.

jake zyrus

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Quote from: Phantomberry on October 26, 2018, 03:42:04 AM

I'm from Philippines also and i believe that government are positive on cryptocurrency and they are regulate the laws about it.

Me too I'm from Philippines I am happy that my country are are open minded about the new technologies of cryptocurrency. The government regulate the laws cause they see the good impact of cryptocurrency a good oppurtunity to gain more profit to help people to become successful.

redsap

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Wow that was nice move for philliphines bitcoin can making a very good impact for theor economic in their country

Coin-1

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I am glad to hear that Philippines is adopting Bitcoin. I am confident that the government pursues right policy in this new area of economy. As a result, the overall demand for crypto currencies is likely to increase, and we see positive movements of the BTC price on global crypto exchange markets. Best wishes to the Philippine nation.

Jerireg05

newbie

Activity: 5

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Phillipines have done a wonderful job in making bitcoin popular in the country. People are buying their necessary goods using bitcoin. It's a great example for other countries.

Chielath22

newbie

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Phillipines adopting bitcoin through letting its people but everyday goods with bitcoin in the shops, paying fees in the schools and lastle airlines is added to the tally. Bitcoin gets a perfect stage to show the world what can be done with its decentralized system and still having no issues.

Riliseth120

newbie

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Phillipine's adaptation to bitcoin is a truly a examplary work. Letting people pay with bitcoin in stores, school fees, plane ticket is truly amazing.

Abohadan331

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Philippines Bitcoin adoption should be put on a pedestal so that every other country could see Bitcoins potential in the real world. Kudos and love to Philipines.

Minhxx

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This is a great information. Maybe I will take a trip here and try to use my bitcoin at the deals here, no longer have to worry about fiat conversion.

gesdan

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Merit: 100

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.

wow philiphine have the good step for make a bitcoin is work 100% in their country, i hope all country in t he south east asian like thailand, singaprore, indonesia can do the same with philiphines

Janation

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Quote from: Rrtt on October 26, 2018, 06:46:01 PM

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

Availability of Bitcoin Atm located in Salcedo Street, Makati Philippines.

Wow, first time to heard of this and i hope they will add more Bitcoin ATM that are scattered all over the archipelago. I hope that this trend will continue to make Filipinos more aware of the use of bitcoin in the economy.

That Bitcoin ATM is been there for a lot of years now but from the looks of it, I don't think it is not that usually used unlike other countries that you can see every day making a line to Bitcoin ATMs.

Yes, a lot of people know about Bitcoin and other cryptocurrencies but not all of those people want to be part of it or to invest on it since they are scared of being scammed. And that is the misconception of the people to Bitcoin, they think that Bitcoin and other cryptocurrencies are scam but they are not, these scammers are just making Bitcoin and other crpytocurrencies as an escape pod to take all the money of their investors.

Kez1817

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We can see that there are so many changes now in adopting bitcoun than before. I think not only in the Philippines has this kind of scenario if all about bitcoin. Before people are too scared and afraid to use and engage in bitcoin but now people are well informed and educated about bitcoin that makes them to adopt bitcoin easily and use it in different ways like online investment and mode of payments online. Bitcoin is really great.

airdnasxela

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Activity: 728

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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.

Yes you're right because I myself is a Filipino and I am seeing the changes that is happening to my country in terms of adopting to bitcoin and not just bitcoin but to other cryptocurrencies available such as ethereum and etcetera. Before the doubts in this type of business or sort of thing is very high that they would never attempt to know that it really is and what it can do but now, even though there are still some doubts but many have erase those doubts that they started to be curious with it that is why when they have understand it, they started investing. I think it is only a matter of time that it will be a nationally recognized here. Me myself before is not that interested with but things changed when I have seen the effects of bitcoin and other cryptocurrencies to my classmates.

kaizerblitz

full member

Activity: 504

Merit: 105

It's a good news on that Philippines is a economic country just like neighborhod country Singapore it seems the government is regulate the laws about bitcoin. Slowy adoptions of bitcoin could easily catch up the people in the philippines of what bitcoin do and how could make it. Let's hope other country will recognize bitcoin as a legal.

dealsmith

newbie

Activity: 31

Merit: 0

Fortunately, in my country, it enable us to join in bitcoin .There are many ATM 's bitcoin , that make us easily to exchange . MOreover , many tech giant has applied bitcoin as a method of payment , and many exchange for bitcoin work really effectively

Rrtt

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Activity: 378

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

Availability of Bitcoin Atm located in Salcedo Street, Makati Philippines.

Wow, first time to heard of this and i hope they will add more Bitcoin ATM that are scattered all over the archipelago. I hope that this trend will continue to make Filipinos more aware of the use of bitcoin in the economy.

crzy

full member

Activity: 2128

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This is really expected, because most of thw Filipinos really support this one and I hope they will have great regulations on the possible exchanges in the Philippines. This is gonna happen around the world, we are getting there slowly but surely.

kendra1107

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Activity: 476

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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.

Now if a third world country like the Philippines can adopt and embrace something like Bitcoin, I don't see any reason why the more advanced and developed countries could not do the same. The reason for this is simply political. Adoption of an innovation like cryptocurrency shouldn't be a problem really because crypto in a sense offers a lot of benefits. But there are also a lot of reasons for adoption to be difficult...and one is political (Does greed make sense?).

Topic: How Phillipines adopting BITCOIN - page 6. (Read 1446 times)