Philippines is a developing country. A land of talented singers, beautiful Morena girls, filled with beautiful tourist spots and of course the media capital of the world. That means, people here loves to spent most of their time time in Internet. Looking for entertainment, earning opportunities and many more. Additionally,according to statista,
"The Philippines have been called the social media capital of the world, because most of the social media users have an extraordinarily high usage time of about four hours per day. Additionally, they are known as early technology adopters, as well as being highly internet-savvy. " [Source].
That's means, people here are aware in anything that is happening in the internet. The fact that all trending news and topics outside of the country are can easily reach the country. So the questions will be, how about Bitcoin Cash popularity? Is it already reached Philippines?
Obviously yes! But for the meantime, we are just dive first on the facts that Bitcoin Cash is already spread in Philippines and how popular Bitcoin Cash here is.
According to Alexa Rank, Philippines is belong in the top visitor countries of noise.cash after Venezuela and India for the past 30 days. Also got the 2nd spot in read.cash's top country visitors after Pakistan including United State, Germany and Venezuela as the top countries according to similarweb. Check the screenshots below;
Alright now we have the data of where the most user of read and noise.cash came from. Now the answer is already given, that Bitcoin Cash is already widely spread in Philippines.
MAIN POINT
Within these thousands users of noise.cash and read.cash, most of the its users are came from developing countries like Philippines but this can't affect the movement or Bitcoin Cash adoption worldwide in fact, Bitcoin Cash can literally use its main purpose as 'Coin Of All' due to the fact that, BCH is flexible coin that can be use both state and developing countries due to its capabilities and versatility. That's why it deserves a wide adoption..
Let's drop some series of questions first. So why developing countries needs Bitcoin Cash? How and Why Bitcoin Cash can be a perfect coin (either main or alternative coin) for everyday use?
These are the reason why Bitcoin Cash adaptability is needed in Philippines.
People In Philippines Are Early technology adopters
Yeah Philippines is not just small country but an early technology adopters. In fact, even a 7 years are allowed to have their own gadgets to play and watch videos for entertainment. Every individual has 2-3 gadgets that has access in the internet.
Here is another tea,
In the third quarter of 2020, 98.6 percent of the Philippines' adult population used mobile phones as a digital device, and the smartphone came close with approximately 98.5 of the adult population using the device according to a report of Datareportal.
[Source]
See, adopting Bitcoin Cash in each homes are 100% easy and possible. Basically, storing of Bitcoin Cash in every family in Philippines is easy.
Most Of The Adults Filipinos Are Unbanked
According to GMANetwork, 71% of Filipinos remained unbanked in 2019. And that stats is in 2019, how about this 2021? Anyways, there are reasons why highest percentage of the Filipinos remained unbanked.
Is it because,
Lack of Documentaries
Lack Of Sources
Refusal to open bank account
And more...
The fact that banking method is too technical due to long queues and traffic, people chose to keep their money in their pockets.
Filipinos Are Lazy In Some Other Things
Filipinos always choosing conveniences over technicality. People here really love to buy their things online, order their foods online. Everything is online especially this pandemic situation. Scanning method payments options and faster transactions is what we need.
Filipinos Are Always On The Trend
Speaking of technology awared, to be honest, Filipinos has the capability to make things trending in just a short period of time. Filipinos put everything on trend in Twitter and Facebook. So, making 'Bitcoin Cash' trend here in Philippines is possible.
Commodities Prices Are Usually Low
Alright considering that you are going to buy a candy or a burger worth $0.75 for just yourself. In Bitcoin Cash, that's possible and simple due to the fact that, you can make transactions even in a lower price, faster and almost zero fees. Now considering that you have, Bitcoin trying to buy a $0.75 worth of burger. Obviously, you can't make transactions with that, you can pay double or higher than the price of the product and you have to have to wait 24 hrs just for your transactions belong in the next block. That's why Bitcoin is not for all and Bitcoin Cash does.
FINAL THOUGHTS
Bitcoin Cash is highly recommended as a mainstream currency especially in developing countries. Bitcoin Cash is flexible that can adjust itself the same on what Philippine peso can do. Bitcoin Cash is indeed a coin for All.
Fellow Filipinos? What can you say about this thought? Share your thoughts and opinions in the comment section.
Thank you for reading 💚
Lead Image: Source
Proud a Pilipino here😊