BEFORE:
Negative impact on the economy as per the past government.
The remittance market is increasingly $26 Billion annually which is rank no. 3 in the world.
Charities has limited reach internationally because of high transfer fees.
Unqualified merchants to accept digital currency.
10% transfer rate from fiat money.
NOW:
You can now purchase goods using a bitcoin in some small online merchants.
Availability of Bitcoin Atm located in Salcedo Street, Makati Philippines.
Bitcoin as donations given to the charities reaches internationally
Pay services using bitcoin.
Buy foods and drinks in the fastfoods in the philippines.
Lastly, increasing and growing numbers of people using bitcoin in the philippines.
This is how our country adopting a new technology, How's yours? Please share with us.
Definitely, even bitcoin is not already been legalized in the Philippines we can see that they slowly adapting it and implementing it in their country. In fact, I was heard some news that government in the Philippines are having and attending some seminars regarding to bitcoin as I can see, they are trying to study and wanted to learn anything about it and there are the willingness to adapting this system and there will be the big possibility or chances that one of this days they will already legalizing it.