Anyways bitcoin popularity here on our country is growing so I can see a big future with bitcoin here despite of the warnings gave by our central bank and some medias
Damn are they. They just looking in the negative side of bitcoin. Didn't they know it just like fiat currency that faces negative traits too. They just have to make to make some deep talks about that and cover those negative that will happen or likely, give bitcoin the same security measures like our fiat currency.
But the good thing here, Bitcoin has no tax so I think it's on the side it's better that our Central Bank didn't prioritizing bitcoin.
Yeah indeed man, they can't see the brighter side of bitcoin which can be used as a money remittance alternative with less fees ,smooth and fast transactions, and very convenient. It would be very helpful to a lot of OFWs when sending money to their loved ones without charging a high fee and instantly.
I guess banks were kinda afraid to bitcoin replacing them one day
It will help the OFW for sending money here but it will not count to the remittances that our country is receiving since it's not regulated and no taxes will get from it. If that happens the PhP value against USDollar will became much lower resulting to high prices that we need to spend when importing basic needs like gasoline in the world market. We bitcoiners will take benefits here but of course we don't want our country to suffer like that and soon we will affected too that's why PH must think up a resolution to this to make bitcoin regulated. Tax are welcome as long as bitcoin is regulated.