The use of Crypto currencies in our country.

Ranly123

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Quote from: yazher on May 01, 2019, 12:20:19 PM

Since the rise of the cryptocurrencies, there are so many countries adopting it so quickly and one of them is my country (The Philippines).
in early 2014 one of the first online Wallet was created and that was Coins.ph, according to Wikipedia Coins.ph is a financial services platform founded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson in Metro Manila, Philippines. this wallet helps us a lot for using bitcoins in many ways. today I want to show you the use of Crypto Currencies in our country with the help of this Online Wallet.

1. Paying Bills with BTC

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With the help of Coins.ph It only takes a few seconds to pay your bills in our country, Select the bill type you want to pay. You can use Coins.ph to pay your utilities (electricity and water), government services, broadband, telco, cable, credit card, and tuition fees.

2. Buying Load or (Phone Credit) with BTC

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In our country, you can also buy a load with BTC off course with the help of Coins.ph. and wait, it has a 10% rebate too if you buy 100 php worth of load you get 10 php rebate. that was cool right?

3. Buying Game Credits with BTC

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Coins.ph is the only game credit outlet in the Philippines that charges zero fees. You’ll always get the exact amount you pay for! This one really helps me a lot cause I don't need to go on Town Just to buy a Steam Wallet Code, All I need to do was load my wallet and Boom! my Steam Account is loaded with credits.

4. Cash out at Thousands of Locations

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We can also cash out our Crypto Currencies through these options: eGiveCash at Security Bank ATM. No debit card needed. Padala Centers like
M Lhuillier, Palawan Pawnshop, and LBCBanks such as UnionBank, Security Bank, and 30+ other banks.
As of now Coins.ph support Crypto Currencies such as BTC, ETH, BCH, and XRP.

so these are the things we can do in our country with our Crypto Currencies, what about you? what can you do with your Cryptocurrencies in your country?

Source:
https://coins.ph
https://en.wikipedia.org/wiki/Coins.ph

I am using this wallet for years and it never fails me from paying my bills to buying mobile loads and many more. Although transaction fee is high when using the blockchain but it is very convenient using this wallet.

Austin_Lord

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Quote from: Ris88 on June 19, 2019, 02:36:17 AM

I am very optimistic about my own country even though our government has not legalized bitcoin, as a second currency does not mean that in the future the government of our country does not want to legalize it, but it takes time to process it, because I have seen several applications that use blockchan technology like The DANA and OVO applications have represented very good developments in my country, to slowly but surely use them ...

Why you are optimistic??? Just try once.. it will be effective for you i am sure..

Austin_Lord

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Yeah thats great that bitcoin provides soo much facilities for people..well this is not any type of scam.. people are more convenient now due to bitcoin purchase...

Ris88

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I am very optimistic about my own country even though our government has not legalized bitcoin, as a second currency does not mean that in the future the government of our country does not want to legalize it, but it takes time to process it, because I have seen several applications that use blockchan technology like The DANA and OVO applications have represented very good developments in my country, to slowly but surely use them ...

romero121

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From the thread came to know about the increased acceptance level of bitcoin within the country, and now from the market place section saw an user who has posted for selling of motorbike with payment accepted fully in crypto or partially. Here is the link https://bitcointalksearch.org/topic/honda-cbr-600rr-track-bike-road-legal-daynight-custom-lights-paint-job-5155942, and this shows more the acceptance from the realtime users more can be expected from the service renders who see it something new for them.

glomet

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I am proud of other countries that use cryptocurrency as a medium of exchange. but in my country I have not allowed the use of cryptocurrency. I hope cryptocurrency will be successful this year.

john_nautica

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philippines i think has adopted the best thing for crypto use, maybe it needs to be copied in countries in southeast asia, in my country the use of crypto is prohibited by the government and is only allowed to be traded it cannot be used for payment transactions.

Kensyin

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In some countries out there already legalized crypto money, one of them in Brazil has been able to watch cinemas, they can already use crypto money, and the question? I don't know which country you came from. But the ability to buy bitcoin is not so much from where I am. And you can only use it as a payment medium when other parties receive it

Crypto5060

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In my country, few merchants accept cryptocurrency as payment option. Most majority still feels is a scam or probably one ponzi scheme which will end someday. Everyday use its still far from us.

zee11225

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Quote from: joinfree on June 06, 2019, 12:35:17 PM

I wish all the other countries who are making a whole lot of derogatory remarks about cryptocurrencies and its use would see the benefits that the people of Philippines are gaining from it. Cryptocurrency can be used as an accepted medium of payment. All that is really necessary to do is to educate people about it and show them how to use it. Hopefully this would be achieve in future.

In my country, I may not use crypto money to make payments, because it is only considered a commodity that can be traded. In my opinion this is better than crypto money totally banned.
As a futures trading means the commodity is bitcoin and altcoin, which can be traded on the crypto exchange freely, without any fear. Little by little the government realizes that banning crypto money is useless, it is better to organize and issue policies that attract tax.

Aldrinx00

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I am also from the Philippines and used coins ph a lot for converting cryptocurrencies to fiat and vice versa. Coins ph is a great platform however the conversion and transaction fees are quite high, well i guess it's for a smooth transaction and not wait for too long. I also used it to buy load, overall its quite good.

Krislaw

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Quote from: yazher on May 01, 2019, 12:20:19 PM

what can you do with your Cryptocurrencies in your country?

I am just trade crypto on my country as digital assets on futures exchange.
We can do for my own bitcoin and altcoin as Digital assets not as payment for buy product or goods,

rodel caling

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Quote from: mk4 on May 01, 2019, 12:25:17 PM

I'm also currently residing in the Philippines. Let's be honest here. Though there are definitely a good number of bitcoin "investors" here, most people use Coins.ph's services(the ones you listed) through our local fiat, the Philippine peso. Some(or most) people are poor enough, to actually risk holding bitcoin for their payments.

You had a point some or most of the filipino people are poor but doesn't mean their nothing capable to invest in bitcoin or crypto because their are so many ways take and grab the opportunity to become a bitcoin holder to get possible to change life in the future.

DoublerHunter

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Not only online store bitcoin can be used here in my country, but also it can be used in a coffee shop and or even there's an internet shop here who also accepted bitcoin. Online stores are very common that they also have to use bitcoin but I think usually you need to convert first to fiat then purchase the product online. The outside store that accepts bitcoin is only to scan their QR code and then automatically send your payment to them.

nydiacaskey01

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Bitcoin in my Country is used as usual like in other Countries to buy items online and even in restaurants and boutiques. I met with a high school friend of mine who is also in Cryptocurrencies and together we had this idea putting up a car wash that accepts Bitcoin as payment. We thought it is a good idea because by the time full service is done, transaction maybe completed. This car wash that we plan to put up will be complete with a cafe that serves burgers and frappes.

Eraldo Coil

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To be honest, I didn't expect this move from our Country. Yes, I know that coins.ph existed before but accepting it like this is just great for us. And I hope that they will do the same thing as well in other countries. I invited some of my friends to this forum but they seem rushing for money instead of focusing in the technology cryptocurrencies can bring. If there is any thing that should be regulated, that is money laundering by the use of cryptocurrency.

xSkylarx

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Quote from: MFahad on June 11, 2019, 02:46:28 AM

Quote from: joinfree on June 06, 2019, 12:35:17 PM

I wish all the other countries who are making a whole lot of derogatory remarks about cryptocurrencies and its use would see the benefits that the people of Philippines are gaining from it. Cryptocurrency can be used as an accepted medium of payment. All that is really necessary to do is to educate people about it and show them how to use it. Hopefully this would be achieve in future.

It will be happened when all countries's governments accept bitcoin or crypto currency and allow to use it in legally manners. As we know only few countries allow crypto currencies in their countries and a lot of countries ban it because they don't faith on bitcoin or crypto currency, same here in my country, crypto is not allow to use it but people use it and do trade hiddenly.

I think main reason why it is not that easy to make bitcoin acknowledged by some countries is because it can be easy to perform money laundering by using bitcoin. Criminals can send and receive money in the form of bitcoin or any other crypto to many countries in short span of time. Transactions are anonymous making those criminals difficult to capture.

Mike Mayor

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Quote from: bering on June 11, 2019, 07:07:06 AM

For those who live in the countries were adopted bitcoin they might be easilly to see bitcoin used for daily life but could be different situations if people from the countries who still not admitted bitcoin as the currency that they cannot use bitcoin for their daily life so also with me in my country that currently i only can use my bitcoin as virtual assets and trading tools and i could not use my bitcoin at the shopping malls or daily life

Have you looked properly? It is still a while until we have physical bitcoin transactions with people. Online stores many accept bitcoin as a payment with the payment processor like coinpay and bitpay for example.
Bitcoin doesn't need to be admitted or recongines as a currency to be used. I prefer it not to be recognised then I can say its magic internet money and its not real.

bering

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For those who live in the countries were adopted bitcoin they might be easilly to see bitcoin used for daily life but could be different situations if people from the countries who still not admitted bitcoin as the currency that they cannot use bitcoin for their daily life so also with me in my country that currently i only can use my bitcoin as virtual assets and trading tools and i could not use my bitcoin at the shopping malls or daily life

CBANX2

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Many countries are now adopting cryptocurrency for virtual payments such as Bill Payment, credit card payment, etc. and the use of Bitcoin in the corporate sector is creating a ground for the cryptocurrency in the open market.

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