Philippines Central Bank Considers Issuing Its Own Digital Currency. - page 2.

mk4

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Quote from: Bttzed03 on July 30, 2020, 07:22:07 AM

Kung hindi ako nagkakamali, Petro was issued out of desperation para makawala sa mga international sanctions kaya na-devalue ng sobra yung fiat currency nila. Hindi nila talaga napaghandaan yan.

Mukhang wala naman ganung factor dito sa atin and BSP is also taking their time.

Yeap, so far very unlikely for something bad to happen dahil so far mejo goodss parin ang Philippine Peso, pero I wouldn't underestimate the PH government(and the central bank) in terms of their capability to fuck up. Grin

Of course, hoping for the best.

dothebeats

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This is old, and I think nasa stage pa rin ng research ang ating financial analysts and economists tungkol dito. Malamang eh mapatagal pa ng kaunti ang pagkakaroon natin ng ating digital currency, and to think na maraming ibang bagay ang nakahain sa plato ng ating mga ekonomista at mga opisyales ng gobyerno, malamang din ay bumagal ang isinasagawang research kaugnay nito. Tatagal pa siguro ng isa o dalawang taon bago magkaroon ng opisyal na draft tungkol dito sa digital currency na ito, o may tsansa ring ma-scrap ang idea na ito dahil na rin sa ilang failed 'experiments' sa ibang bansa kaugnay nito.

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Quote from: rhomelmabini on July 29, 2020, 10:05:22 AM

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Well, PHX is just bank-backed by UnionBank itself and other institutions pero itong gagawin talaga ng BSP is more on the national scale I guess.

Definitely on a national scale since it's BSP. The point is, a bank they oversee is implementing it already. Kumbaga, hindi na nila kailangan magsimula sa wala. They can invite representatives from UB sa mga discussions.

Quote from: mk4 on July 30, 2020, 12:55:27 AM

Makes me really skeptical knowing what happened to Venezuela's Petro-Dollar[1]. If they went ahead with this, hopefully they're going to do it with good intentions in mind.

Kung hindi ako nagkakamali, Petro was issued out of desperation para makawala sa mga international sanctions kaya na-devalue ng sobra yung fiat currency nila. Hindi nila talaga napaghandaan yan.

Mukhang wala naman ganung factor dito sa atin and BSP is also taking their time.

mk4

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Makes me really skeptical knowing what happened to Venezuela's Petro-Dollar[1]. If they went ahead with this, hopefully they're going to do it with good intentions in mind.

[1] https://news.bitcoin.com/petro-dollar-system-crumbles-us-dollar-could-collapse-from-the-worlds-oil-wars/

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Quote from: rhomelmabini on July 29, 2020, 05:22:24 AM

Quote

The Philippine central bank has created a committee to look at the feasibility and policy implications of issuing its own digital currency, Governor Benjamin Diokno said on Wednesday.

“We have to first look at the findings of the group before making a decision,” Diokno said in a virtual briefing. The initial results of study is expected next month.

https://www.bloomberg.com/news/articles/2020-07-29/philippines-central-bank-mulls-issuing-its-own-digital-currency

Ano sa tingin niyo sa mga kababayan? Sa tingin ko mukhang matutuloy yan but not optimistic dahil sa tingin ko ang ganitong usapin ay dadaan muna sa masusing pag-aaral. Mukhang yung news about digital dollar of US has an impact dahil dito.

Talagang aabot yan sa strict na proseso kabayan, dahil hindi biro ang ganyang plano lalo na central bank ng Pilipinas ang nakasalalay dito. Malaking organisasyon ang naka focus sa ganitong usapin, kasi hindi lang isang tao ang apektado neto kundi buong bansa. Kapag hindi maganda ang kalalabasan ng sariling digital currency, apektado ang ekonomiya natin, pero kung mabuti ang resulta tayo rin ang makaka benepisyo.

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Quote from: rhomelmabini on July 29, 2020, 05:22:24 AM

Quote

The Philippine central bank has created a committee to look at the feasibility and policy implications of issuing its own digital currency, Governor Benjamin Diokno said on Wednesday.

“We have to first look at the findings of the group before making a decision,” Diokno said in a virtual briefing. The initial results of study is expected next month.

https://www.bloomberg.com/news/articles/2020-07-29/philippines-central-bank-mulls-issuing-its-own-digital-currency

Ano sa tingin niyo sa mga kababayan? Sa tingin ko mukhang matutuloy yan but not optimistic dahil sa tingin ko ang ganitong usapin ay dadaan muna sa masusing pag-aaral. Mukhang yung news about digital dollar of US has an impact dahil dito.

Sa tingin ko maiimplement ito kapag obsolete na ang blockchain tech. Sa sobrang bagal ng tech development ng Pilipinas, ang nangyayari puro plano lang in papers, bihira ang nagmamaterialize. Feeling ko lang sumasakay lang sa trend ang BSP, or possible gumagawa ng project para makuhaan ng malaking komisyon. Anyway, sana nga mali ang iniisip ko, pero parang hindi pa ready ang infrastructure ng Pinas pagdating sa ganyang usapin.

rhomelmabini

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Quote from: Bttzed03 on July 29, 2020, 06:33:00 AM

Sounded like an old news to me nung nabasa ko title. Upon searching for old articles, eto 2018 pa nila pinaguusapan yan - Philippines Central Bank Studying the Possibility of Issuing its Own Digital Currency

The only difference is the time that article has been published it was the time of the late Governor of BSP Nestor Espenilla Jr. but right now it's the time of Diokno.

Quote from: Bttzed03 on July 29, 2020, 06:33:00 AM

Anyway, mukhang patapos na ang first stage (research) at isusunod na ang debates/discussion among BSP executives. Baka isang taon o mahigit ang itatagal bago sila magpasya.

Unionbank and their PHX stablecoin is waving at BSP by the way Grin

Talagang mabusisi ang ganito at mag-assume na rin ako that it will be done before the final tenure of the incumbent President kasi that will mark a legacy from his administration, just my two cents. Well, PHX is just bank-backed by UnionBank itself and other institutions pero itong gagawin talaga ng BSP is more on the national scale I guess.

Bttzed03

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Sounded like an old news to me nung nabasa ko title. Upon searching for old articles, eto 2018 pa nila pinaguusapan yan - Philippines Central Bank Studying the Possibility of Issuing its Own Digital Currency

Anyway, mukhang patapos na ang first stage (research) at isusunod na ang debates/discussion among BSP executives. Baka isang taon o mahigit ang itatagal bago sila magpasya.

Unionbank and their PHX stablecoin is waving at BSP by the way Grin

rhomelmabini

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Quote

The Philippine central bank has created a committee to look at the feasibility and policy implications of issuing its own digital currency, Governor Benjamin Diokno said on Wednesday.

“We have to first look at the findings of the group before making a decision,” Diokno said in a virtual briefing. The initial results of study is expected next month.

https://www.bloomberg.com/news/articles/2020-07-29/philippines-central-bank-mulls-issuing-its-own-digital-currency

Ano sa tingin niyo sa mga kababayan? Sa tingin ko mukhang matutuloy yan but not optimistic dahil sa tingin ko ang ganitong usapin ay dadaan muna sa masusing pag-aaral. Mukhang yung news about digital dollar of US has an impact dahil dito.

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