Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.
It does cost that much because the system will automatically convert your bitcoin to your php wallet and that will make a transaction fee. The problem with is that the higher money will be transacted the higher also the transaction fee will be deducted to your wallet. So, it is not ideal to use bitcoin in paying bills and other ways that one could pay online. I prefer G cash wallet than coins.ph in paying online like load but G cash wallet has no available crypto in it.
Yes, that is correct. It's not ideal to convert your BTC to PHP using your coinsph wallet because exchange is to low. If need to have your BTC converted to fiat I suggest you trade them using coinsph trading platform Coins Exchange. You can have your BTC traded for PHP in a much higher value than directly converting it using your wallet. Trading fee is very minimal too.