The "coin" isn't going to fly. Sorry.
https://bitcointalk.org/index.php?topic=826567.0As for the Philippine Government? The PI Government can easily use a tokenized asset named EPESO from within Counterparty. It would allow the Central Bank to fully utilize the openness and security benefits of the Bitcoin Blockchain while having full control of currency issuance and price via a vending application like vennd.io. Another option is to utilize Dogeparty either with or in lieu of Counterparty for faster mobile applications requiring quick settlements, such as bus tokens, Movie tickets, sending a Birthday email with some cash embedded, etc. However, they appear to be trying to do it the exceedingly hard way via 19th and 20th century models adapted to 1990's speculative reports. Just Google "E-PESO" and USAID to see the plan they already have in progress. It reads like a manual written by my Grandmother telling me how to DVR a television show. They are re-inventing the wheel and making it square.