How Phillipines adopting BITCOIN - page 9.

Wittycoin

full member

Activity: 696

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.

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.

chidrawarster

full member

Activity: 406

Merit: 100

Its good to see Philippines using the crypto currency now and many more Asian countries need to come forward and adopt the same way as done by this country.On a longer term of view, crypto space would be used globally by having some regulations in place in the near future.But other countries also would do their own research before taking the crypto space in their daily usage.Lets hope for the best and wait eagerly.

xtrump101

member

Activity: 267

Merit: 11

$onion

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 thats a positive move for the governmant towards cryptocurrencies, but one should consider that this third party wallet providers are regulated by the government and the central bank of the philippines, but not too tight to attract investors this kind of financial firm. good for the philippines.

Renal

member

Activity: 434

Merit: 10

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.

Gilberterp

newbie

Activity: 2

Merit: 0

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.

doodle07

member

Activity: 311

Merit: 10

As how other Asian countries embraces crypto Philippines also have a good acceptance of crypto currencies, I went their and I heard they there was already an automated teller machine for Bitcoin somewhere in Makati City. I hope more countries should learn how to deal with cryptos instead of banning it, crypto especially bitcoin can help the community.

Vernfwiles

newbie

Activity: 25

Merit: 0

Good to see your country adopting bitcoin incredibly. Phillipine have always shared a positive view about crypto currency. It will have an impact on other Asian countries as well. I hopeo more countries would start adopting after this.

EllieBasti05

jr. member

Activity: 95

Merit: 1

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.

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