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.
I am glad that my country which is Philippines adopt bitcoin. I know that many filipinos nowadays already know bitcoin and crypto but they still need to research about bitcoin so they can easily learn bitcoin. Some of them are getting interested on investing like my friends when I first introduced bitcoin to them. Its nice that our government accept bitcoin in our country because I know it will give a lot of benefits to us.
It is good to feel that we, Filipinos are adopting Bitcoin and using it in mode of payments for any transaction. But, Filipinos should research about it before investing. It will be a big help for them because Bitcoin's not a joke, so people who will the interest to invest in it will be knowledgeable enough as the it goes by.