How Bitcoin Can Help The 10 Million Unbanked Citizens Of The Philippines
Problems with corruption and the economy in the Philippines are emblematic of much of the developing world. And Bitcoin can help.This is an opinion editorial by the entire Bitskwela team, a Philippine-based education company focused on accelerating the country's regional Bitcoin adoption.Corruption, poverty and financial exclusion. These are only some of the many problems that Bitcoin was created to solve. But many countries to this day still have most of their citizens fighting for their lives, or rather, fighting these issues for the rest of their lives. One such nation to take note of....
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Bitcoin enables users to do a multitude of things, one of which is remitting money overseas quickly and at a low cost. This capability is why Bitcoin currently has the most potential in emerging markets, where impoverished and unbanked people rely heavily on remittances from family members in other countries. BuyBitcoin.ph, a Bitcoin exchange platform for citizens in the Philippines, hopes to take advantage of this potential. BuyBitcoin.ph: The First Filipino Bitcoin Exchange. Since January of 2014, BuyBitcoin.ph has been offering their exchange services to citizens in the Philippines.....
The Philippines will hold a convention on payments and e-commerce this September to highlight the growth an opportunities in this industry. This will bring together more than a thousand attendees, 60 speakers, and 40 international and local exhibitors for the Cards & Payments Philippines and E-Commerce Show Philippines expo, with some set to discuss cryptocurrency trends in the country. The events will be held in the SMX Convention Center in Manila from September 2 and 3, with industry leaders from the Department of Trade & Industry, Bangko Sentral ng Pilipinas, Globe Telecom, E-PESO, Land....
The rate of adoption of mobile money and bitcoin is increasing in the Philippines, driving the country towards a cashless economy. The Asian countries have exhibited tremendous economic growth in the past few years. While China and India make the icing on the cake, Philippines is right around the corner. As the country’s economy grows, adoption of latest technology in the economic sector should also grow hand-in-hand. In order to keep up with the technological advancements, while ensuring the benefit of the masses, the country is slowly inching towards a cashless society. The country’s....
“Global remittances to developing countries, including the Philippines, are estimated to be $516 billion by 2016. Remittances are typically sent from migrant workers sending money back home. Our vision is to allow these individuals to send money back home cheaper.” said Palarin Co-founder Brian Gamido. Palarin, a Filipino startup, launched its user-friendly bitcoin selling and buying service this week. The company hopes to differentiate itself from its large competition by making the service very easy to use and pleasant. Their Philippines is the second fastest growing economy in Asia,....
A bitcoin startup known simply as “Coins” has set a new financial record by raising over $5 million in a Series A funding round. Executives claim the money will be used to bring basic monetary services to unbanked populations in Southeast Asia. Funding efforts were led by the Accion Frontier Inclusion Fund, while other organizations involved include the Digital Currency Group, Globe Telecom, and Smart Communications, two of the largest global telecommunication companies in the Philippines. Leading Accion partner Ganesh Rengasway explained: “Coins is collaborating with key ecosystem players....