Philippines Needs Bitcoin Cash Adaptability

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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;

noise.cash-Alexa
read.cash-similarweb

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 💚

#BCHLangSakalam💚

Lead Image: Source

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Comments

Proud a Pilipino here😊

$ 0.00
2 years ago

Mabuhay kabayan😊

$ 0.00
2 years ago

Though nasa top 3 ang ph sa noise.cas at read cash, like you said umiiwas ang mga pilipino sa technicality. Marami kasi sa atin iniisip na mahirap ang crypto at related sa mga illegal na gawain 😆 kaya para sakin, medyo malabo pa sa ngayon na iadopt ang BCH as a mode of payment. Malaki ang role natin sa pag eeducate ng iba para matanggal yung ganung mindset. Hoping na sooner or later maging mainstream ang BCH sa Pilipinas

$ 0.20
2 years ago

I agree with you. A lot of people using crypto for scam purposes dahil maraming pang hindi nakaka alam about cryptocurrency. Our role to create more articles and discussions to educate the majority so people will know what it is scam and not.

$ 0.05
2 years ago

You got. As of now sa napapansin ko is hindi pa handa ang mga malalaking company dito satin maybe for some reasons like "Ui baka scam iyan", "Masyado namang mahirap iyan". Alam mo naman mindsets nating mga pinoy haha. Ang magagawa nalang muna natin tulad sa sinabi mo is to educate them about BCH and the other cryptocurrencies is possible. Actually we are ready, adoption nalang kulang.

$ 0.00
2 years ago

Yeah!Being a pioneer technology adopters now should learn the true sense of BCH.They should use freedom of speech and freedom of money.I think this developing country like mine need more digital marketing by BCH.I am proud to see my Country Pakistan is top in users of read cash.So I think Philippines are the nation that can promise BCH in true sense as their technology experience guide me.

$ 0.00
2 years ago

Yeah, I hope BCH will be adopted by merchants here, or even the online shopping first like shoppee and lazada because it's easy to top up with it. That's would be a huge impact on BCH because there are a lot of Filipino who is a fan of shopping online.

$ 0.00
2 years ago

The legendary is in my comment section 😍. Anyways, yeah hoping that they include it kahit alternative payment method lang.

I know you are part of Binance Filipino, Diba members doon has been started their businesses and they included cryptos as alternative. And that would be a great start para makilala ang crypto sa atin💚

$ 0.00
2 years ago

Galing mo talagang gumawa ng artiko,l bat ganon 🤧🤧, inggit iz me. Dami mong thoughtism 🤧😂.

Anyway, if ever mangyari tu tas iistore lahat ng wallet sa non custodial wallet tas sasauluhin nalang ang keys para hindi mawala or malimot, mas safe diba? Kesa sa Banko, ang daming chche burecher, mag pifil up ng form, pano pag madaming tao? Pipila ka pa? Aigoo, if mangayri to ako unang gagamit. Chorrrr. Sana ma promote to sa ibang establishment ano, tas ung mga online shop, ang gana wari nyan.

$ 0.00
2 years ago

thoughtism🤣

Kaya nga dear para iwas pila na rin kung sakali eh. Tsaka dears nagstart na sa may Cebu yung tinatawag nilang C Peso and stable coin cxa like USDT. Yun magiging alternative nila para sa kanilang transactions sa City Hall nila kaso sa Ethereum Blockchain siya gawa eh pero oks na iyon para naman yun magagaya ng ibang cities .

$ 0.00
2 years ago

Hahahahahaha,

Kaya nga sana no, kelan kaya mangyayari yan. Tara maga business, ikaw ang funder ako ang tagakain 🤤. Ehhh, marami talaga nalalaman pag palabasang tao, diko alams yan ah. Gawan mo articles yan. Diba malaki fees pag ganon 😅😅

$ 0.00
2 years ago

Aba eh egul tayo diyan haha. Ikaw dears you can start business na. Ilabas mo na kasi kayamanan mo diyan tas gawa Ka anime merch store mo tas ako magnanakaw🤣

Ito pala links dears.https://www.pna.gov.ph/articles/1137122

$ 0.00
2 years ago

Wahahaha, di man yan, gora na kasheee ahaha. Hanep sa nakaw 😂😂😂. Nabasa ko naman na salamat sa link, but no thanks, chorrrr wahahahahaha.

$ 0.00
2 years ago