This is good news. Because we can use ethereum to cash out our money in crypto currency, But I just ask, Is the withdrawal fee too big? Is Bitcoins similar to withdrawing?
The withdrawal of PHP, BTC and ETH are always the same, the only difference is the cash. If you will be looking at your account's limit and verification, you can see that you're limit is the same for example, if you are level 2, nothing will change, you can still cash out 50K pesos per week and 250K pesos per month.
And you can still cash out using the same options either bank or money pickups.
I'm from PH, and this is a great news! But I think the ETH wallet for now is still developing and is now open for beta-testing. But if this will be published, it could go ETH price a heck higher.
I also like you excited about this information. As you said, this is just a beta version but not yet officially announced. If in the coming time it will be officially announced price ETH and Altcoin powered will fly higher and faster.
The beta test is done and the actual updated app with ETH wallet is now on the playstore. You do not need to wait something that is already there.