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.
That is a great news to know that even a small country located on the South East Asia is already taking into adaptation with this new type of currency. Slowly but surely, people are now taking small steps on recognizing and knowing its worth to be used in many ways as possible just like what the bigger countries who uses Bitcoin and other existing cryptocurrency within the market. So far, so good that people are now realizing the efficiency cryptocurrency can provide to everyone and I can't wait to see how other countries who still not into using Bitcoin will soon get to engage with this and let them explore into this new type of currency that can provide exceeding cqpabilities than what we expected.