How Phillipines adopting BITCOIN - page 7.

Crafts12

full member

Activity: 405

Merit: 105

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 good to read such news about how the Philippines is now adopting to the bitcoin. I would like to add to your given statement that the Philippine people also have a faith and believe now in the power of bitcoin unlike before. They are now interested in knowing the hows of it and the blockchain. As a matter of fact, some places are conducting a seminar regarding the cryptocurrency and blockchain in Philippines.

btcluisdiki

member

Activity: 448

Merit: 10

I believe that this is indeed a great news for the people in the Philippines where cryptocurrency technology is now adopted by the people. Definitely that btc atm machine in Makati City will multiply soon as there will be more demand for it's use. People in this country had find it to be more convenient to use as a payment currency. currently, Btc is the currency of the future where most of the Filipino people will consider not just for payment transaction but also for investment purposes where it could yield good return of investment.

ruybanoya

newbie

Activity: 47

Merit: 0

bitcoin will be adopting by around the world soon.

Dexter Mills

newbie

Activity: 18

Merit: 0

It is apparent by now that adopting cryptocurrency especially for countries that need a boost in their economy is beneficial. We know that cryptocurrency is in the early stages but that doesn't mean it lacks the potential in digital currency, if more countries are to adopt cryptocurrency for the economy it would mean great things. We are seeing first hand the results of adoption from Philipines and the benefits it held with that decision. With time we'll hopefully be able to see more.

ruybanoya

newbie

Activity: 47

Merit: 0

bitcoin will be accepted by around the world.

Dwey

member

Activity: 251

Merit: 20

This is a really great news for the philippines. It’s good to see the they are accepting bitcoin in a very positive way even if bitcoin is not that legal in the philippines still they are adapting and implementing it in their country i hope this is the start of all countries accepting bitcoin in a positive way.

jose111

jr. member

Activity: 175

Merit: 1

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.

Definitely, even bitcoin is not already been legalized in the Philippines we can see that they slowly adapting it and implementing it in their country. In fact, I was heard some news that government in the Philippines are having and attending some seminars regarding to bitcoin as I can see, they are trying to study and wanted to learn anything about it and there are the willingness to adapting this system and there will be the big possibility or chances that one of this days they will already legalizing it.

LastRolling

member

Activity: 308

Merit: 10

It’s good to see that our country accepting bitcoin in a positive way. Im pretty sure by now all crypto hunters in our country are very much happy and can enjoy all the benefits bitcoin has to offer to our country.

Baofeng

legendary

Activity: 2576

Merit: 1655

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.

The impact will really be felt specially Philippines OFW sending their remittances through bitcoin (coins.ph), and that would be an amazing facts to see in the next couple of years. As you have said its a billion dollar business so it crypto or bitcoin could get a piece of that pie, it would be really a boost to the price of bitcoin. I'm not aware though of fastfood or restaurants that accepts crypto so can you please pointed that out?

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

So people from the Philippines can not try to use bitcoin to purchase something, it is a good movement that the Philippines did, and I think it will give effect to the other Asian country. And soon, bitcoin might have mass adoption in Asia since the chance of using bitcoin is wide open in Asia country. But I am sure that in the other country outside from Asia, bitcoin will grow fast too so the mass adoption in all country will happen.

Naughty Princess

full member

Activity: 952

Merit: 107

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 good that Philippines is one of the country that early to accept bitcoin. Many are benefitted and keep earning from bitcoin and it change their life perhaps. Filipinos are working a business about crypto exchange also, which means that they really support to have own exchange that can be trust by all Filipinos.

Ruffian1314

copper member

Activity: 322

Merit: 0

It is really good to hear that filipinos are becoming positive now in bitcoins even though not all of the population but people who are joining crypto is increasing every year. It means that more filipinos are learning cryptocurrency. I hope that more people will join crypto and increase every year not only in the PH but all around the world.]

lobster88

member

Activity: 504

Merit: 10

Well, I was one of the people and citizen of this country - the Philippines. I am one of those that later was have a negative thought about Bitcoin but as the days and years goes by, it lets me clear my mind and let me see of what Bitcoin truly is. And moreover, adopting to Bitcoin makes for me too easy because as I keep on engaging to it, I cam see more and lots of good opportunities ahead of the crypto currency community using Bitcoin crypto currency.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Yes I see that there's a growing number of Bitcoin users here in the Philippines however the question is how do they treat Bitcoin, how do they look at it. Are they looking at it a payment option? Or they are looking at it as an investment only. For the past 3 years, I haven't seen a merchant in the City where I live that accepts Bitcoin as a pay option. What I am looking at it is people in the Philippines look at Bitcoin as an earning opportunity to them. They earn from sponsoring someone to join or sign up in a exchange site and after claiming the reward, nothing follows.

Carrelmae10

member

Activity: 588

Merit: 10

..it is good to hear that Philippines is now adopting Bitcoin,,as far as i know many Filipinos are engage in Bitcoin and are now using the crypto market..thumbs up to all Filipinos who put their effort in adopting Bitcoin as part of their daily lives..but sad to hear that many Filipinos were scammed using Bitcoin as their mode of operation in deceiving people just to earn money..

felicity06

jr. member

Activity: 251

Merit: 3

Globe-dex.com

It is a great opportunities for all people living in Philippines that they can passively adopted cryptocurrency especially Bitcoin as a source for everything. We can deny that cryptocurrency is one of the most demanding source in terms of money around the world. that's why this may affects our society and at the same time economy.

Siren

sr. member

Activity: 826

Merit: 265

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.

You forgot to mention that there is also a Bitcoin ATM in baguio city or if you don't have any idea about this

Asian countries are starting to fully adopt bitcoin and other legit cryptocurrency,it is going many countries like thailand and Singapore,japan and others while Philippines has no direct order about cryptocurrency but the government has no negative approach in regards this matter

Phantomberry

full member

Activity: 588

Merit: 103

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

cc80aa

newbie

Activity: 182

Merit: 0

Mainstream btcoin adoptions in the Philippines is rising at an exponential rate.As million of user local employees and expat pilipino are starting to utilize bitcoin to settle remittance payments, utility bills,and send payments at lower cost.

After securing $10million in the early stage funding, at the forefront of bitcoin innovation and adaption in the country.The mission and ù the coins development and operating team have beento try to provide easier and more convenient methods of payment for local users

marsadmsmg

newbie

Activity: 5

Merit: 0

This is my first time to post here. Philippines adopting cryptos has a huge benefit not because it will help Philippine economy grow but to help its people to earn even with a small amount of money

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