Post
Topic
Board Economics
Re: Philippines starting to accept and adopt cryptocurrency.
by
Chicksteen
on 30/10/2018, 09:12:17 UTC
I agree. Some establishments that are near in my house are accepted bitcoin and you can even lid your wallet through them. And I think it would more popular to some of my Filipino fellow to learn in using it in their daily basis. I think that the adoption of online currency here will be more easier than the other countries.

It will be efficient if that will be the same thing to me, but it is not. I am also a Filipino but I don't live in the Urban zone in which there are a lot of people that know and use Bitcoin.

I am living in the Rural zone of the country. Most of people don't know what Bitcoin, they don't even know what Crypto currencies are and who Satoshi Nakamoto is. If that will be the same with my place, that will be great since I will be able to use my BTC in the daily basis but on the second thought, I think it is better to save my BTC rather than using them.
Maybe it is good to ask the stores if they know about crypto and how convenient it could be if the use it as new payment system. It can be good as the first who going to apply it. However, as the price is down now, it is good to just keep it for a while and use it when you need few volume to pay large amount in fiat.