MetroDeal, the Philippines' Top Daily Deals Site, Now Accepts Bitcoin
Asia-based daily deals giant MetroDeal, the number two e-commerce website in the Philippines according to Alexa rankings, is now accepting bitcoin for its discount vouchers and coupons. Founded in early 2011, MetroDeal has seen a meteoric rise in popularity among the Philippines' 33 million active Internet users. It achieved annual revenue of $18m in 2012, and was projected to top $20m in revenue in 2013. MetroDeal follows a template similar to US-based daily deal giants such as Groupon and LivingSocial. Deals run for a limited time and offer consumers deep discounts from a wide range of....
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When daily deals giant MetroDeal, the Philippines' number two e-commerce website, seemingly went live with a bitcoin payments option last week, it was a clear sign that major merchants in the 97-million-strong nation were beginning to take the digital currency seriously. However, it turns out, that MetroDeal's bitcoin payments test only told part of the story. Coins.ph, the bitcoin payment service powering MetroDeal's checkout, officially launched today by adding yet another major Philippines-based merchant to its roster - angel-funded flash deals startup CashCashPinoy. Such quick merchant....
The coins.ph bitcoin exchange has partnered with MetroDeal and CashCashPinoy which are two companies based in the Philippines. This effects an area where 95 million people do not have access to a credit card to purchase goods online. The addition of MetroDeal and CashCashPinoy will allow these people to shop with thousands of brick and mortar stores and have access to goods that were previously unavailable to them. This development will allow consumers without the access of credit cards to participate in the global Bitcoin economy. Coins.ph allows users to acquire Bitcoin without having a....
Coinbase is partnering with popular daily deals site DailySteals to offer Bitcoin-only deals as part of DailySteals' ongoing Experiment Series. DailySteals is one of many websites that specialize in delivering discounted products directly to buyers. Sites like DailySteals leverage the technology of the internet to lower costs typically associated with running a business. Accepting Bitcoin is a natural next-step; however, the offering of Bitcoin-only deals at this volume is a never-before-seen phenomenon. Interesting note: There used to be Bitcoin-only deals website called bitwoot that has,....
Earlier this month, Jose Emmanuel "JM" N. Erestain IV, a member of the Philippine Bitcoin Organization, signeda franchise agreement with NewsBTC. He and his team will be managing NewsBTC Philippines from early July 2015. NewsBTC is one of the largest and most popular sites in the bitcoin media space, and has been in the business for nearly 2 years. Since October 2013, the site has delivered the latest news and commentary on bitcoin, alt coins and countless startups. NewsBTC's goal as a Bitcoin News site aims to cater solid crypto news for all netizens. JM Erestain has been on the Bitcoin....
The majority of people in the Philippines don’t have bank accounts or credit cards. The largely ‘unbanked’ population is an issue that the country is trying to tackle as it slows down the growth of things like ecommerce. Bitcoin can be a solution to this problem in the Philippines, according to Silicon Valley investor and entrepreneur Ron Hose. He has created a Bitcoin trading site for the Philippines called Coins.ph. As of last year, only 32 percent of Filipinos had a bank account. Of this number, only three percent owned a credit card. Philippine President Benigno Aquino III once noted....