I'll introduce you all to a country famously known as the "Pearl of the Orient", the citizens who are living here are known for its generosity, hard-work and kindness. A free country lying in the southeast asia pacific archipelago and consists of more than 7,100 plus islands and islets, no other than, the republic of the Philippines. But, it is not that all in some essence, especially when we talk about press freedom; whether it's on the web, television and radio broadcast or even on newspapers. So, as a consequence to this, viewers and readers choice of quality news are manipulated and abbreviated before it reach to the public and I'm gonna let you you know why in this article.
Cryptocurrency: Censored
The Philippines is a fast trendy Country when it comes to modern trends, especially on social media platforms. Although, netizen's here are very active on social media and the likes, I'm still wondering "why" and "how come" cryptocurrencies are to rare to hear and see glimpse of it in the country's leading broadcasting companies. In relation to this matter, I'll impart some thoughts to this from my not soo "conspiracy theories" fan brain yet it has truth to it.
First of all, the major reasons why cryptocurrency ain't a thing in the country is that most of the wealthiest individuals in the country has Chinese bloods, and we all know how they run businesses. They're up to daily revenues not later as much as possible and for me, they don't want their consumers/customers to find another opportunity that will lead to the lost of interest to them, in short they are afraid of the cryptocurrencies potential.
Second, the country's balance of freedom in doing businesses are can be controlled by those who are in possessions. Even in the barangay's the domination is present and if you don't have strong connections to them, your business won't be able to have a permit. So for me, this also goes to crypto's way in,and in the country and got snobbed by the others.
Third, the presence of spammers and scammers in the country. Many are interested but cautious because of too much scamming history in the country, soo it gives citizen's second thought to either push or stop the idea of entering and knowing more about crypto.
Lastly, the presence of international centralized banks in the country. It's obvious now and they are feeling it, even in other big and powerful countries, traditional and centralized banks are aware of the potential that it has a great chance and possibility of ending their sector. Some of the big banks in the country are even making their own electronic-wallets now just to stay in the track of the fast changing needs of depositors and to stay afloat on the market but, their is only one successful electronic-wallet in the country that holds cryptocoins, the others only holds Digital Fiat Currency ( DFC ), this e-wallet named Coins.ph and is very popular to the citizen's of the country that are crypto enthusiasts.
Cryptocurrencies potential in the Country
Due to this unprecedented times, and the change of mode of transactions and transportation of services and goods to only online rather than personally do the old traditional way, crypto's presence would be beneficial to all Filipinos. Especially with Bitcoincash (BCH) fast and low fees of transactions, i'm sure Pinoys would love this coin and the good thing is coins.ph e-wallet holds BCH. With Filipinos way of loving online shopping now, BCH is soo accurate for the mode of payment when ordering online.
"To my fellow Filipino kababayans, will you used and adopt Bitcoincash (BCH) as a mode of payment if ever online stores in the country adds a pay with crypto option for all their products?"
"For me, I will be very happy if it does, i can save big amount of money from the fees alone on bank transfers fee online."
Furthermore, the only thing I'm seeing that can easily boost cryptocurrencies exposure to the country is celebrities endorsements. I heard a rumor about a famous host and vlogger who slipped her tongue and mention crypto and it was on a live vlog but never heard of her anymore talking about it, for sure you already have your guess why they are not mentioning it.
Obviously, I am just hoping and chilling for now while waiting for the time I can used to buys stuffs and goods using Bitcoincash (BCH) same as other countries in the world now.
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Lead image source link: https://pin.it/59Y2El0
My last article before this one : A Cigarette Addiction: Achieving Zero Nicotine
I can also see the great potential of using cryptos in the Philippines especially with Bitcoin Cash as a fiat of a transaction during unprecedented times like this which we are forced to adapt to these changes.