Topic: The use of Crypto currencies in our country. - page 4. (Read 1360 times)
It is great to see some countries making good use of this technology. My country hasn't yet accepted btc use and some few weeks ago, the central bank issued a warning agaist bgc use. I just hope things change here
Right from start Philippines is a crypto friendly country central bank itself started crypto atm and even public services are user-friendly with crypto
crypto currencies need to be stabilized for prices, because the price of bitcoin itself is easy to go down, we know that in some countries it can already buy tickets by exchanging coins, I hope this becomes the currency of everyday life
The good thing about cryptocurrencies is that they will never be able to stabilize, one of the things that differentiate the stock market from the bitcoin speculative market is because bitcoin usually has a high volatility, that is, bitcoin movements They tend to occur much faster than in the Stock Market.
In the bitcoin market an accumulation stage can last 3 years, less or more, but in the Stock Market tend to occur the minimum movements every 6 to 8 years, a process of accumulation can be that time or more, in addition to the bitcoin market they do not have a backing, everything is based on the Law of Supply - Demand, that is why economists, governments and banks can never agree with bitcoin, because they prefer safe actions, prefer gold that is stable and all actions that represent security.
Be happy that you can enjoy the facilities available to be able to carry out crypto transactions, because crypto is not fully recognized in my country, because to be used as a legitimate transaction, until now it has not been allowed. maybe still looking for the right rules so that the state is not blamed later.
crypto currencies need to be stabilized for prices, because the price of bitcoin itself is easy to go down,
Its stabilizing sometimes but it may not be possible to stabilize the price permanently because cryptos are intended to be born with a volatile characteristic .
we know that in some countries it can already buy tickets by exchanging coins, I hope this becomes the currency of everyday life
Brazil is one of a country that recently introduce that idea but other countries especially south east asia are already done with that . right now asean countries are now foccusing on the exposure of cryptos since there are still lots of people that arent aware about cryptocurrency . crypto as a currency for everyday life is possible and already happening to some country
This is really useful for Filipinos who are engaged in using crypto. Although there's still a whole lot of Filipinos who don't know these things, we're lucky enough that it's accepted in our country and is also supported, with the help of coins.ph we can possibly do a lot of things with our bitcoin. It's much more convenient for us
Thats true, its a great opportunity that in our country we used crypto. Because some of Filipinos are invested and they can use it in anywhere, cryptocurrencies is really useful and its fast in terms of payments and Coins.ph is popular for all the transactions.
In as much that Bitcoin is known widely in the world, In my country, Bitcoin is hardly used by people for their transaction of goods and services. Just a hand full of people are privileged enough to know and use Bitcoin for their online transactions. Due to this, you can hardly use Bitcoin to pay or buy goods and even pay for services provided.
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.
Actually you are right on that. Philippines has not fully adapted the usage of Bitcoin and other type of cryptocurrency due to the fact that most of the people residing in the country are poor enough to afford purchasing Bitcoin or taking the risk on using Bitcoin as an alternative from fiat. Well, the usage of coins.ph is open for everybody in the country because I mostly get notified that my friends are starting to get engaged into it and enjoy the services they offer because it have 5 different wallets in one account Peso, Bitcoin, Bitcoin Cash, XRP, and ETH which is convenient as well to be used in any of the services featured by the OP.
I agree with you, and this is what I'm waiting for,
The use of cryptocurrency in Southeast Asia, especially the Philippines has never happened before even though bitcoin has not been legalized. In our country I have not met people who use Bitcoin for purposes other than trade and investment.
The use of cryptocurrency in Southeast Asia, especially the Philippines has never happened before even though bitcoin has not been legalized. In our country I have not met people who use Bitcoin for purposes other than trade and investment.
crypto currencies need to be stabilized for prices, because the price of bitcoin itself is easy to go down,
Its stabilizing sometimes but it may not be possible to stabilize the price permanently because cryptos are intended to be born with a volatile characteristic .
we know that in some countries it can already buy tickets by exchanging coins, I hope this becomes the currency of everyday life
Brazil is one of a country that recently introduce that idea but other countries especially south east asia are already done with that . right now asean countries are now foccusing on the exposure of cryptos since there are still lots of people that arent aware about cryptocurrency . crypto as a currency for everyday life is possible and already happening to some country
The use of cryptocurrencies in southeast asia, particularly the Philippines is unprecedented even though bitcoin is not yet legalized in that country. The Philippines, according to their Central Bank has experienced a large increase in virtual currency transactions in 2018 compared to the previous year. These transactions are fiat to virtual currencies, virtual currencies to fiat and remittances facilitated through virtual currencies. If this trend continuous, this southeast asian country will become the hub of virtual currencies in the future.
I would like to see cryptocurrency available in every country. It has always seemed strange to me that the United States could not resolve the issue of their use for so long, while the countries of the east are already actively integrating cryptocurrency in their countries. It’s good if the new policy allows digital assets to be legal.
Cryptocurrency and cash can successfully coexist together. I see many areas in which the use of cryptocurrency in general has good prospects. This is a transport system, energy, payment, real estate system. If they finally work out rules for regulating cryptocurrencies and can approve them in leading countries, then I think this will help and reduce the amount of fraudOr we can all be using the same cryptocurrency as in real life currency as well just like fiat without any differentials. That would make a better economy where everyone could share the same process and the same value.
There would not be so many discrepancy between each fiat type as well like Euros, Dollars etc
I live in Vietnam and the State Bank of Vietnam has declared that the use of bitcoin and other similar virtual currency is illegal as a mean of payment.
The Philippines has always been a major country in the world of cryptocurrencies. We hope in the very near future more countries across the globe especially those with strong economy would appreciate the power of bitcoin.
As bitcoin will be more popular in most countries of the world, maybe we can expect that mass adoption for bitcoin will now be possible. But education for cryptocurrencies should be instilled first in the minds of the people so that they will be more ready in facing crypto world with confidence.
The Philippines has always been a major country in the world of cryptocurrencies. We hope in the very near future more countries across the globe especially those with strong economy would appreciate the power of bitcoin.
In my country the use of the bitcoin currency is something that is already normal, it is present in all the business options, either in real estate sales and real estate, this due to the high inflation and the country situation that is currently being experienced.
In each sale, you can deal with the seller, and offer Bitcoin as a payment method, and will gladly accept, not only for sales, for the purchase of goods and services, although there is no type of Bitcoin ATM in the country. , if it were like this and they gave currencies such as Euro or Dolar, I think the economy would begin to dynamite drastically because people would only look for obtner bitcoins, this would have a great effect on the market, since bitcoin would have better support, around 30 millions of inhabitants of a country can boost bitcoin much more if they are entered with the right strategy, this is already happening.
In each sale, you can deal with the seller, and offer Bitcoin as a payment method, and will gladly accept, not only for sales, for the purchase of goods and services, although there is no type of Bitcoin ATM in the country. , if it were like this and they gave currencies such as Euro or Dolar, I think the economy would begin to dynamite drastically because people would only look for obtner bitcoins, this would have a great effect on the market, since bitcoin would have better support, around 30 millions of inhabitants of a country can boost bitcoin much more if they are entered with the right strategy, this is already happening.
..coins.ph is the number one exchange crypto wallet that is use by most of filipinos which gives an oppurtunity to a lot of people to do things easy such as online paymnet of bills,converting of fiat money to altcoins and vice versa which is more convenient and more easiest way to do..but i think few people can afford to use Bitcoin as mode of payment for its volatility and high price value..
There isn't much to do with bitcoin in my country. Seems people fear to risk a new business field, when someone start a kind of business, everyone else just copy it. An example of this are the exchanges: everyone who wants to invest in crypto field opens a new exchange.
Then we have lots of exchanges, but no services to pay bills with btc, or to receive salary in btc, or famous shops accepting btc for goods.
Then we have lots of exchanges, but no services to pay bills with btc, or to receive salary in btc, or famous shops accepting btc for goods.
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?
my country is a very impoverished country because of the politicians who govern my country. My country is a country where it has a very high level of corruption, but what most shocks me in my country is the fact that the government does not give people freedom, my country's government does not create policies so that technology is something that is present in the life of every citizen of my country and unfortunately things like bitcoin is something that probably less than 1% of the people of my country may have heard of. i I convert btc to Fiat. The only thing I buy with direct with bitcoin are refills
I don't know the country you from. But bitcoin purchasing abilities has not gotten that strong from where I am. You can only use it as a medium of payment when the other party accepts it
That one that shows about is also an online wallet but it help us (Filipinos) to easily switch our Bitcoin into Fiat. Also we have choices if we are going to pay fiat or Bitcoin. I hope in your country someone will also develop something like that to help all of you.
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