Phillippines adoption to cryptocurrencies were very crucial as users were growing every single day.We highly appreciate if the governments could put rules on cryptocurrencies existence and not to take part from it.They can contribute cryptos to be well known in a country and if they put rules on it.It will probably avoid illegal activities and prevent from fraudility.
It is true that the number of Bitcoin users in the Philippines is growing theres no question about it. But the question is are they using it? Are there any merchants that accepts Bitcoin? There might be some merchants but its not growing as fast as the number of users. Most are just holding for profits.
For now there are some establishments that use it, online buying in someone who uses it as well those who are making small business, soon when crypto were fully used in other country, PH might adopt it too