Philippines starting to accept and adopt cryptocurrency. - page 4.

rosepetals

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Quote from: EllieBasti05 on October 19, 2018, 10:00:23 PM

Cryptocurrency transactions has been on the rise in the philippines.

They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.

With the current government administration they are starting to adopt and build even in the technological infrastructure.

In more years to come the country will be more open to blockchain technology like japan and other countries.

We will just hope mate that the next generation of governments will still adopt bitcoin and other cryptocurrencies because those last term politicians were full of greed that they don't even care the benefits that their fellowmen could get.As we all know governments were afraid of cryptocurrencies due to its decentralization concept.

BigTeeths

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It's good news but it will take time before it becomes effective because currently I live in that country and banks are very strict when it comes to crypto income and if they found out then they will close your account. I think it is just going to create a lot of jobs but the acceptance of the bank industry will happen in a few years.

Finn Bery

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It is good news for those who are involved in the bitcoin industry, which is a sign that bitcoin is increasingly gaining acceptance in many countries around the world. In the near future, there will be a boom of bitcoins

BitTraderCute

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Quote from: DeadCoin on November 02, 2018, 03:09:29 AM

Yes this is a very good news it shows how bitcoin become more popular day by day. Already many countries accepted bitcoin now in that Philippine also added. Already Philippine accepted Blockchain technology through some company's. Now bitcoin is also added so the country forward to accept new technology for their people. Other countries also consider about the legalization.

maybe no longer again much government accept and legalize bitcoin in their country.bitcoin and cryptomarket provide technology that usefull in any field.so it could be implemented in real life.

raidzero

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Very cool. PH does seem like a very fast developing country

markdario112616

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The Cagayan crypto valley, TBH I'm not expecting that it will be granted by the Government, though It's a really a good news in crypto world, despite having a lot warnings set out by the BSP in regarding the numerous cases that involves Bitcoin scamming.
Though, I'm just curious on how will the Government regulate the said project, I'm pretty sure that it will be targeted by some officials that aims not for the progress but to benefit from it.

DeadCoin

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Yes this is a very good news it shows how bitcoin become more popular day by day. Already many countries accepted bitcoin now in that Philippine also added. Already Philippine accepted Blockchain technology through some company's. Now bitcoin is also added so the country forward to accept new technology for their people. Other countries also consider about the legalization.

BitcoinCommodor

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Quote from: jojowar on October 28, 2018, 01:06:50 AM

The Phillipine Government has already approved foreign fintech company engaged in blockchain technology and it will be establish in Cagayan Economic Zone, northern part of the country.

Either it is easy for them or not, starting could always be difficult. People aren’t easy with innovation most of the times. It takes a time span to adopt new change. If the government have made amendments in the legislation then people have to cover up the gage. Philippines have made this fantastic step and people have to show some courage. Use this amazing chance.

syamster

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Quote from: darefreads on October 30, 2018, 07:21:46 AM

That's a great news some establishments are accepting bitcoin and I think I can even put some money on my wallet online if I want it to invest in my favorite currency. That can really a easy way to change my currency to cash if I really needed it.

You are right it is really a great time, and happy for us because it will make the price of bitcoin bigger, crypto currency matters a lot, it has the ability to change our life, it makes the people rich and save our future as well, anyone can use and spend it at the time of need, if you have an emergency you can use as it is acceptable at all kind of companies even some hospitals are accepting bitcoin.

rhomzkie26

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Quote from: EllieBasti05 on October 19, 2018, 10:00:23 PM

Cryptocurrency transactions has been on the rise in the philippines.

They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.

With the current government administration they are starting to adopt and build even in the technological infrastructure.

In more years to come the country will be more open to blockchain technology like japan and other countries.

I never know that Philippines is accepted 5 crypto currencies, and those crypto which was I knew are Bitcoin, Ethereum, BCH, and XRP unless the 5 alts is Loyalcoin were they are partnering with 711 convenience store outlet and Lazada online shop, I'm just not sure if this is still a plan or on going process.

Ann Impas

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Love seeing this kind of news as more people is being aware about the use and benefit of cryptocurrency. Philippines as being a friendly with cryptocurreny made a good move. I hoping that even the process in Government will adopt blockchain technology in order to remove bureaucracy in our currency system. This will lessen is not eliminate corruption. God bless Philippines.

Gagah119

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Hoping that it will be followed by other Southeast Asian countries, with the development of technological advancements, I think this will have a positive economic impact on Filiphina, given the growing development of the crypto community in the world.

Seeker#9

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Quote from: VivianJacob on October 31, 2018, 10:27:39 AM

It is a good news that more and more governments have accepted the presence of bitcoin. This is also an incentive for other governments to be more open to the bitcoin market

Some governments that recently banned the use of bitcoin seems to have changed their minds ad one of them is China. One of China's arbitration court ruled in favor of bitcoin and it said that everyone has the right to own cryptocurrency. In the Philippines, its government have already started its own road to bitcoin adoption or legalization by giving license to those crypto exchanges and this move will benefits a lot of crypto holders.

EllieBasti05

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Quote from: Mhd-Bobbi on October 30, 2018, 11:54:33 AM

Quote from: EllieBasti05 on October 19, 2018, 10:00:23 PM

Cryptocurrency transactions has been on the rise in the philippines.

They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.

With the current government administration they are starting to adopt and build even in the technological infrastructure.

In more years to come the country will be more open to blockchain technology like japan and other countries.

You say that "Cryptocurrency transactions have increased in the Philippines."
Then you say that there are 25 companies that will operate in the Philippines.
I did not find what you posted, do you have resources like you said?

I heard it from the news bro. And read it carefully, They are PLANNING to accept approximately 25 companies and didnt drop the names of the companies. It means in the future there are 25 companies will be given a license to operate in the philippines.

If i will find the link on the news bro, i will link it here.

Secionz

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Quote from: zoeylee on October 21, 2018, 07:54:49 PM

This would be a good news to every Pilipino about accepting and adopting crytocurrency. It means that we care now developing in terms of the advancement of technology.

It is good news not only for Pilipino but for the whole bitcoin users. One more country added to the list of cryptocurrency acceptors. It means that world is not realizing the importance of cryptocurrency. With the passage of time more countries will accept cryptocurrency and thus the use of cryptocurrency all over the world will also increase and it will become global currency.

cintamoni

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Quote from: piotrgronowski on October 26, 2018, 09:48:39 AM

As i'm hearing things like that the asian countries has much more liberal approach than european countries i think more often about moving out to one of these countries. In future there can be possibility that these countries will be richer than Germany, France or UK, only china could be richer than USA today but in future who knows.

That is very good for Philipines that government is open for technological news.

I am glad and to much happy that some of government is accepting bitcoin and supporting it. Its a sing that bitcoin is not dead and there's still some chances that bitcoin goes up.

nealdlover

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This is a step forward from the Philippines. By agreeing to put the BTC on the economy, it will help develop their country in all areas of technology, creating more jobs, opportunities and challenges for people to thrive. With the benefits that BTC brings, I am sure other countries will have to legalize and bring it into the trading market in their country.

Shiversnow

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Quote from: h0lybyte on October 20, 2018, 03:15:42 AM

In philippines there were already some licensed crypto currency exchanges, wallets and other platforms dealing with crypto.
It is good to know more governments are allowing their people to adopt crypto without any severeness, this act will also encourage other governments towards crypto adoption

You can really see the improvement of adoption of cryptocurrencies in our country which is philippines. We have a good and trusted wallet which is the coins.ph that already partner in some business and we can also withdraw through atm machines. I hope my country will really adopt cryptocurrencies.

VivianJacob

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It is a good news that more and more governments have accepted the presence of bitcoin. This is also an incentive for other governments to be more open to the bitcoin market

Triwiyono

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this is good news for bitcoin users who live or want to go to philippines, if true the philippines government accepts cryptocurrency like bitcoin, it will make it easier for users or tourists in that country, because it can help a lot of things. and philippines can be an example for other countries if the cryptocurrency not only have a bad impact, but also have a positive impact on the economy.

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