Philippines still not fully recognized bitcoin in country.
It is fully recognized in the Philippines, our government is currently monitoring bitcoin exchanges and one of the popular bank in the country is launching their own crypto atm(
source).
I think this is an trial and error if this will be error all btc will be waste. Wait until the price of btc return and sell it into dollar so you can pay your bills.
The risk is always there when investing and everyone should know that.
Maybe, the best thing one can do is to exchange it for money, then use the money like it has always been used.
If people are spending it on the same thing(bills,load,food) then it's best to do it directly.
It is able to use if directly or not but it is good, people can buy goods with bitcoin not only in Philippines but all over the world, I have seen so many times when people are buy in my work place they use bitcoin whenever they need something, even in some schools it is being use to pay for school fees, I also use sometime to buy goods online and to pay for bills with very fair transaction fees.