http://www.newsbtc.com/2017/02/08/philippines-bangko-sentral-recognizes-bitcoin-payment-system/
According to this article the Philippines Bangko Sentral Recognizes Bitcoin as Payment System. The article also added that Bangko Sentral states sees the virtual currencys potential to revolutionize the delivery of financial services. Additionally, they also mention how bitcoin provides financial inclusion, which is something traditional financial solutions have been unable to provide. This statements coming from the Central Banks of the Philippines will give a potential impact on the rise of bitcoins value on the market. And not only that, the Philippine Central Bank is not the only bank that sees the merits of bitcoin but also the the Central Bank of Nigeria.
According to this article the Philippines Bangko Sentral Recognizes Bitcoin as Payment System. The article also added that Bangko Sentral states sees the virtual currencys potential to revolutionize the delivery of financial services. Additionally, they also mention how bitcoin provides financial inclusion, which is something traditional financial solutions have been unable to provide. This statements coming from the Central Banks of the Philippines will give a potential impact on the rise of bitcoins value on the market. And not only that, the Philippine Central Bank is not the only bank that sees the merits of bitcoin but also the the Central Bank of Nigeria.
That's was a good news here now in Philippines, i was also read that article if i was not mistaken bitcoin recognized on august 21 this year. That's the another achievements of bitcoin now here in Philippines it's bring popularization to filipino and attract them by the profitable of bitcoin even though only few establishment and company adopt on bitcoin but i know some day they adopted already.
THIS 2017, the rise of Bitcoin's popularity here in the Philippines gradually arise. Even coins.ph, an online wallet which is connected with BSP (it shares its details to BSP which made it more secure and stable like online banking) has a Bitcoin wallet, they sell bitcoin as well. It's a good news that BSP recognized Bitcoin...well, it is expected. A lot of Filipinos put a lot of interest with Bitcoin. As bitcoin revolutionize the businesses and e-commerce, the BSP open their minds to the "Bitcoin's potential to revolutionize the delivery of financial services" and that was truly amazing.
No ban but a great merit and open mind from our very own Bangko Sentral ng Pilipinas, thumbs up!
