Bitcoin has the potential to have a big impact in Southeast Asia because most people do not have access to banking services and a large market for remittances. Although the Bitcoin ecosystem in the region is largely underdeveloped, the Philippines, Indonesia and Vietnam are countries that have more promising opportunities thanks to the profitable markets and the progress they make in the Bitcoin ecosystem. The country is also the third most populous country in Southeast Asia. The Philippines is leading in terms of how well the Bitcoin ecosystem is developing in the region. The Philippines has many Bitcoin exchanges run by professional teams and has several large merchants that accept Bitcoin.