Re: REPOST : Filipinos warned vs bitcoins, cryptocurrencies
by
judahzhirsch
on 30/11/2017, 15:34:13 UTC
They're just confused because there are so many scams.
But there are tons of other scams in the Philippines not focused on crypto, the Gold one, or the people that promised marcos loot. The medium doesn't matter.
Phillipino nannies remit over $20billion yr. If the nannies switch to bitcoin the savings from fees etc would be enormous, maybe over $100mill per year..
Do u know how much they make? Surely their western union fees are lower than bitcoin trading and tx fees.
Bitcoin is design to only be used by elites.
Knircky,
I agree, you lose about 8% with bitcoin, that's why SALPay is making a token that will cost only 1% (no forex fees) to send money from US, SG, AUS directly into our existing SALPay wallet and card here.
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Re: [ANN] [ICO] SALPay TOKENS: Making Payroll and Remittances cheaper, safer, faster
@flipstyle: You're right in saying that the Philippines has a lot more problems than learning how use a new technology, 'cuz we get a hang of new tech pretty quickly. The only reason why its not so widespread here is only a matter of building the front-end tools necessary for people to use it, and the awareness that it exists in the first place. I want Bitcoin to be successful here in the Philippines as much as I want it to succeed everywhere, and I'm contributing to the projects that I believe will make it happen.