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.
Yes,many people in the Philippines now are adopting bitcoin and using it in many transactions. But also there are several reports already that people are using bitcoin to scam big amount of money.
i don't say that people in the Philippines are scammers, but most of them have an intention to do it to a new ones who haven't encountered crypto, so there's a lot of reports about being scammed and they also think that it can easily earn in bitcoin just like doing a job which is different because of having a less of time and effort just to earn though.