Post
Topic
Board Bitcoin Discussion
Re: AMA (Ask Me Anything): The current state of Bitcoin in the Philippines 🇵🇭
by
nutildah
on 22/01/2019, 13:13:34 UTC
I think it's too early to say if some things are going to be different or not. If something would actually change, I hope that it's for the better.

About the $72 million price, I'm honestly not surprised. Coins.ph has a HUGE userbase, and saying huge is a big understatement. It's like having Coinbase without a single competitor.

As somebody who uses this service 3 times a week or more, I'm really hoping there's no changes that come due to being sold. Hopefully the government will continue their hands-off approach to regulating Coins.ph, and hopefully the GoJek people won't want to increase fees or anything -- that would totally undermine the entire purpose of the company.

There are a couple of competitors in the works but they have nowhere near the same amount of exposure or legitimate reputation that Coins.ph has.