Topic: The use of Crypto currencies in our country. - page 8. (Read 1360 times)
Offline stores that accept bitcoin as payment for goods and services are still very few in my country due to cryptocurrency technicality, but I use bitcoin to pay for buying data from mobile network provider aside that I must exchange my bitcoin into faint before spending it in local stores. Cryptocurrency still need more adoption and ATM/pos development before it can be easily used for daily expenses.
Also a Filipino user here, I've been using that app too however I think the security bank is unavailable for a month now isn't? I think the banks doesn't want to have any connections with cryptocurrency that's why then temporarily disabled it, It's one of the best option to withdraw since all you have to do is to find an atm unlike the others where in you need to fall in line in remittance centers just to withdraw.
Also let's not forget the risk we're facing using the wallet since the private keys are in their cold storage which anytime might be at risk, I suggest not to store any funds in there.
Also let's not forget the risk we're facing using the wallet since the private keys are in their cold storage which anytime might be at risk, I suggest not to store any funds in there.
I think this is a very good progress. using bitcoin for everyday life is sure to be very pleasant. besides that, we can also get bitcoin by utilizing small businesses that have potential. It's a pity in my country that it can't be done because of some crypto regulations.
different regulations in each country become progressive rights for all governments. lucky for a country that recognizes the use of digital currency, this is because with the regular use and regulation, the circulation of digital currencies will be much more secure. at the moment I also feel fortunate because I can freely use digital currency. I have even used bitcoin to pay various bills every month, while the development of online shops continues to increase very well. 
I thought that eGiveCash at Security Bank ATM is no longer an option?
Honestly they should remove it. I don't get why they still have it up in the cash out list when it's unavailable for several months and counting. Even I, who lives in Singapore, used the service. I have known him since 2015, so in my opinion the reputation of the exchange is good and as long as I use it I feel very comfortable.
What are the available services provided by them in Singapore?
I posted this topic because of Jet Cash's challenge to make a topic that is used to create a thread to enhance our level for English communication skill and I picked this topic cause I thought there's some country who doesn't allow Bitcoin to be a part of their currency some worst cases they were banning bitcoin for silly reasons. That's why I thought what if I tell them "The use of Cryptocurrencies in our country" so that they will have an Idea how it is used here and I also thought on asking them too.
I really admire the countries that use cryptocurrencies as means of exchange. But in my country here the government are yet to allow the use of cryptocurrencies
I think this is a very good progress. using bitcoin for everyday life is sure to be very pleasant. besides that, we can also get bitcoin by utilizing small businesses that have potential. It's a pity in my country that it can't be done because of some crypto regulations.
We cannot deny the fact that along with the rise of the digital age, it is such a convenience that Philippines is embracing this trend. Through coins.ph, lots of activities (online transaction, buying load cellphone load and the like) can now be made in just a few clicks. One don't have to wait in long lines to process their transactions. One of my favorite features in coins.ph is their rebate whenever you purchase a load through it. This is so cool because upon spending, you immediately got an equivalent return. Aside from that, they also have promos such as reward money for verification and referral of a friend. And I have read from their Facebook page just now that one can buy Diamonds for Mobile Legends using their coins.ph wallet. The step-by-step guide can be found here: http://bit.ly/2J6Cyzi
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.
I think the Philippines is one of those countries that has been really gearing up into using and allowing cryptocurrencies in the main stream market. I've read that there are several banks already accepting cryptocurrency transactions whether it's for payment, buying, selling or investing in general. That's really a good sign because, just a few months ago, it's Central Bank released a statement that warns people on using cryptocurrencies, they are not banning it of that sort like other countries, but when powerful governmental entities speak that way, it usually is tantamount to effectively prohibiting people from using it. Thankfully, there are many cryptocurrency users in the Philippines, which paved the way for its continued usage and promotion all across the country.
Well it just shows you that we do not necessarily need to have 1000s of merchants in our local towns to buy goods and pay for services. Most retail actions are done online these days and some of these payment channels linked to Bitcoin even give you discounts, if you pay with Bitcoin. 
I buy goods with Bitcoin on Amazon and some of the local online retailers via third party services which is obviously not the ideal method to use Bitcoin, but it enables me to use Bitcoin and that is fine with me. 
I buy goods with Bitcoin on Amazon and some of the local online retailers via third party services which is obviously not the ideal method to use Bitcoin, but it enables me to use Bitcoin and that is fine with me.
That is impressive but in my country, we don't have many merchants accepting Bitcoin or other cryptocurrencies as of now so we can't use Bitcoins directly for paying for the bills. It doesn't make any sense to convert Bitcoin into fiat currency and use it because it kills the prime motive of the innovation of the cryptocurrency. However, I believe that we will be able to transact using Bitcoin and other cryptocurrencies soon even for the microtransactions but as of now, we have to rely on online merchants accepting cryptocurrencies.
Very few number of countries have good access to bitcoin as well other digital currencies on their daily needs. With this it is good to see each and everything similar to that of a common website accepting fiat and other payment options. Philippines has a neutral support from the government, with this it is easy for people to use it upon necessity. Maybe in the coming years we can expect their services getting widened to countries next to them.
I thought that eGiveCash at Security Bank ATM is no longer an option?
"Outlet is temporarily unavailable. Please visit https://status.coins.ph for live updates."
Anyways, Philippines is really a haven for cyrpto enthusiast. You can even buy Bitcoins at our local 7-11 stores. But adoption though is slow, we need more online and off line stores to accept Bitcoin as mode of payment.
"Outlet is temporarily unavailable. Please visit https://status.coins.ph for live updates."
Anyways, Philippines is really a haven for cyrpto enthusiast. You can even buy Bitcoins at our local 7-11 stores. But adoption though is slow, we need more online and off line stores to accept Bitcoin as mode of payment.
I have known this site since a long time ago because of their 0.001 btc airdrop before.
Sadly, even tho my country is also one of Philippine's neighbour country (Indonesia), there is not much services they offer in my country. There are only options for cash out and phone credit.
Those paying bills and buying credit games with BTC are really interesting services for me.
Sadly, even tho my country is also one of Philippine's neighbour country (Indonesia), there is not much services they offer in my country. There are only options for cash out and phone credit.
Those paying bills and buying credit games with BTC are really interesting services for me.
Even I, who lives in Singapore, used the service. I have known him since 2015, so in my opinion the reputation of the exchange is good and as long as I use it I feel very comfortable.
What are the available services provided by them in Singapore?
I have trouble when I want to use cryptocurrency to buy something especially buying something in my real life because there are not many offline stores accept cryptocurrency.
But I already try to buy a prepaid card with bitcoin in the past, and I am happy to use that. But still, it needs a third party service that can help me to convert my bitcoin to fiat.
That will be great news for people from your country since they can use cryptocurrency to buy many things and I am sure that the list of the merchant will grow in the future.
But I already try to buy a prepaid card with bitcoin in the past, and I am happy to use that. But still, it needs a third party service that can help me to convert my bitcoin to fiat.
That will be great news for people from your country since they can use cryptocurrency to buy many things and I am sure that the list of the merchant will grow in the future.
Coins.ph have made great efforts to providing good services to us Filipino people. I often use their services for paying bills and getting phone credits. And through them, more people are getting acquainted with bitcoin and cryptocurrency. But I still see them as a centralized institution. They became the bank where we deposit our bitcoin and use their app to convert fiat and to pay bills.
Coin ph is indeed one of the large exchange services. Even I, who lives in Singapore, used the service. I have known him since 2015, so in my opinion the reputation of the exchange is good and as long as I use it I feel very comfortable. Luckily for people in the Philippines, they get a good service in supporting crypto transactions.
Coins.ph have made great efforts to providing good services to us Filipino people. I often use their services for paying bills and getting phone credits. And through them, more people are getting acquainted with bitcoin and cryptocurrency. But I still see them as a centralized institution. They became the bank where we deposit our bitcoin and use their app to convert fiat and to pay bills.
In as much that Bitcoin is used people for the payment of goods and services, about 30% of the general population of people in the Bitcoin ecosystem actually use it for this. The remaining percentage are either trading with it to earn more or they are hodling it in their wallet waiting for the price of Bitcoin to raise in value. Bitcoin is now considered as an investment Asset by a lot of people in the crypto space than seeing it as a currency for transaction of goods and services.
There are clubs in Makati that accepts bitcoin payments through coins.ph at one point, and if I'm not mistaken it is still an on-going deal in between the two. For me, the coins.ph wallet had been my go-to app whenever I don't want to meddle with people, line up and pay my bills. The last thing I wanted this service to have is to partner with grocery and retail stores for it to be the ultimate crypto service dealing with bitcoins, ETH and BCH.
This is what I was actually waiting for. There are a lot of stores in general especially in Robinsons' malls that accepts payments through PayMaya, but why not through Coins.ph? Not sure why it's taking so long, or if Coins.ph is actually trying their service to get accepted in the first place. I don't mind it even if the transactions go off-chain.
The business environment in the Philippines as far as Bitcoin and even other cryptocurrencies is facing a bright future. We have governmental agencies who are not closing their mindset on this new development as they know that the country can eventually benefit from this rising trend. The service provider called Coins.Ph has been doing a generally good job in responding to the needs f the Filipino people. I could not think many people can be able to participate with Bitcoin without Coins.Ph. And now we also have coming competitors all making this industry here merrier and more exciting.
Jump to: