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What if Bitcoin Cash will be used in the Philippines for daily transactions?

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Written by ย ย 331
7 months ago

Philippines is considered as developing country and most of the people are using internet to communicate, work, study, etc. Filipino also loves shopping online, buying foods online, playing online, and etc.

Most of the people, not only Filipinos, love the things related to internet but on the other hand, some Filipinos are still close-minded when it comes to cryptocurrency and thinking that โ€œBitcoin and everything related to it is a scamโ€ not thinking that they are losing opportunity and blinded on different fake news.

Now, we all know that Bitcoin (Cash) is created for peer-to-peer electronic cash and have mass adoption on every part of the world to spread awareness on every people.

According to the article written by @BantayanIsland , There are only 11 merchants accepting Bitcoin Cash on the main island of Luzon followed by merchants from the Visayas Region with just eight (8) merchants accepting BCH. In Mindanao, there are only around five (5) merchants accepting Bitcoin Cash as a form of payment in exchange for the products and services provided by the company or the merchant owners.

It's good to know that there are some merchants in our country who's accepting Bitcoin Cash, but we're hoping that it will increase in the near future since we want to have a mass adoption.

So What if Bitcoin Cash will be used in the Philippines for daily transactions?

This topic is also applicable not only on the Philippines but I will focus on the Philippines so I can explain it easily since I'm living there.

Shopping Online

As what I've said, Filipino loves shopping online and buying things online, but one of the problem is having transaction fees if you will use your bank or any applications such as (Gcash- wallet application used in many ways such as paying bills, buying internet and etc. They only supported our fiat and not related to BCH). If you will use Gcash, you will still pay transaction fees for sending your money to other account and that can be added to your expenses plus the shipping fees.

On the other hand, if we will use Bitcoin Cash, we can lessen your expenses and pay only for the product and shipping fees since Bitcoin Cash has only low transaction fees and almost nothing.

Buying foods online

In this case, they also have the same idea. We can also pay the company using Bitcoin Cash to lessen your expenses and save more of your money. The transaction is not a problem since it has a fast transaction speed.

Buying foods in fast food chains

Most of us are familiar on the popular fast food chains not only on the Philippines but also in other country such as Jollibee, McDonald's, Greenwhich and etc. In the Philippines, we need to fall in line to get and pay for our order.

Now, what if we will use BCH? The answer is simple. What if Jollibee (or other merchants) will have an official website or application where you can select your order from their menu using your phone then QR code or the BCH address of the merchant will be displayed then pay for your order. It is easy instead of falling in line! You only need to sit on your chosen table, scroll on their website or application then pay for your order using Bitcoin Cash.

Public transportation

In the Philippines, we have this vehicle called โ€œJeepneyโ€ and it is considered as a medium for public transportation. The thing is, you will ride on the jeepney then pay on the driver. So what if we will use BCH? Well, before you enter the vehicle, there's a QR code where you only need to scan it to pay for your transportation fees. This is also applicable in bus since it is mostly used in transportation when you are going to your working place (shuttle service).

Sending money online (Smart padala)

This option is only applicable if many people are using Bitcoin Cash on everyday life where most of the transactions are used in crypto not on our fiat. If we want to send money (or BCH) to our relatives, we can use Bitcoin Cash so we can avoid much transaction fees, especially that companies like LBC, Smart padala, and etc are deducting much fees when you are sending money.

Conclusion

Bitcoin Cash will be a big help to everyone who's having a hard time when it comes to transaction, it can also save your time and money.

However, the things listed above is only possible if the government will have a better governance and support it. Since one of the problem in our country is internet, these things has only 60% (for me) chance to happen (as of now), but take note that this is developing country, in the future, this will be possible. At some point, many people (even in the Philippines) still supporting Bitcoin Cash community and continue the legacy of peer-to-peer electronic cash by accepting Bitcoin Cash as a payment.

As a Bitcoin Cash supporter, I also have a small business where I accept Bitcoincash as a payment, and still having a customer (even few) who paid BCH to buy internet.

In the future, I want to have a BIG business that will accept Bitcoin Cash as a payment.

Note: The things listed above are only WHAT IF'S, it's either it will happen or not.

Summary:

  • Use Bitcoincash in buying online.

  • Use Bitcoincash in transportation.

  • Use Bitcoincash in buying foods.

  • Use Bitcoincash in sending money.

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Written by ย ย 331
7 months ago
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Comments

I tried to get my mom to open crypto wallet and she said no. Lol. She was afraid of being scammed. I guess I need to be more convincing.

$ 0.00
7 months ago

Hehe convince them firstthat it is not scam๐Ÿ˜†

$ 0.00
7 months ago

Thanks for the mention @Laurenceuuu, been absent for the past few days due to some out-of-town commitments but, I'm glad, somebody mentioned me. Someday there will be more merchants to be on board with us, just keep on posting and spreading Bitcoin Cash awareness through your informative articles.

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7 months ago

No problem! Yes it will happen in the future!

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7 months ago

Nice work...go Ahead

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7 months ago

I like your imagination. I also dream of transactions using BCH. Even if we buy only in sari-sari store. It's very easy and safe to use BCH as our payment. Hope this will become possible in the near future.

$ 0.00
7 months ago

Thank you! I'm also hoping for that. I'm a fan of Bitcoin Cash and doing my best to adopt it.

$ 0.00
7 months ago

You'll not regret the decision of adopting it. ๐Ÿ˜Š I'm starting to do it now too. ๐Ÿ˜Š

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7 months ago

Keep spreading BCH:)

$ 0.00
7 months ago

I will. I'm trying to spread it to my relatives and friends. And they're enjoying it too. ๐Ÿ˜Š

$ 0.00
7 months ago

That's good to hear

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7 months ago

From the very first line I was shouting..."SCAM! THIS IS A SCAM" lol. Just kidding, I agree that we are a developing country, and it's a LOOOOOOOOOOOOOONG road to tangible development. But I am pretty glad to see that there are merchants already accepting BCH as mode of payment and that will spell the change someday.

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7 months ago

I would agree! The government needs to focus on the most important problem to be solved. This plan can wait but who knows that it can help our country to lift up, right?

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7 months ago

Yep. And what is the government's most important problem? The government? Or the people? Hahah But yeah, crypto integration into our economy is something to look forward to

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7 months ago

I think the problem is bothโ€”the people and the government.

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7 months ago

Lol, then we're all F*(ked up. hahah We're stuck in an endless cycle.

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7 months ago

Exactly!

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7 months ago

The president is against crypto since there were many scams related to crypto before.. But he will only see the potential of adopting it. For sure.. It will lift our country from poverty

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7 months ago

I think so, maybe they will think that crypto will sabotage our fiat ๐Ÿค” I hope the President will understand crypto, and yes, maybe it's one of the key to lift our country.

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7 months ago

Exactly BCH is name of Brand Crypto,it make Philippines people Market system more easy and its peer-peer transaction Fee is very low.So you can say that BCH attain approach to every common man.I think It would be a big adventure for Philippines And This nation deserve also๐Ÿ˜๐Ÿ˜˜๐Ÿ˜˜๐Ÿ˜˜

$ 0.02
7 months ago

All of the country should know BCH. Thank you for reading!

$ 0.00
7 months ago

My Pleasure

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7 months ago

Ahm, I think hindi siya ganon madaling ma-adopt. So far, ang pinakasikat na wallet ngayon na tumatanggap ng BCH wallet ngayon is coins.ph. Alam natin na convenient siya sa ibang users pero kung sa sending and receiving of crypto, nuknukan ng tagal plus masakit sa bulsa yung fees. On the other hand, kung yung bitcoin.com naman, okay lang rin pero medyo complicated sa ibang users pero hindi siya ganon kaconvenient unlike to coins.ph. hahahaha sorry kung napahaba comment ko eh what if lang naman yung artikol

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7 months ago

Hehehe I included all of that in my article except the coins.ph

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7 months ago

Sana nga din tumatanggap na sila ng BCH kahit mapa-maliit na tindahan o malaki man kasi magiging malaking tulong talaga ang crypto sa atin lalo at nakikitaan din ng future ang crypto ng mga mayayamang tao. Thank you for this, super informative. ๐Ÿค—

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7 months ago

oo sana magbukas na ang isipan ng mga Pilipino pagdating sa crypto even though madami naman talagang traders sa Pilipinas, mas okay pa din kung may mass adoption.

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7 months ago

Yes. Pero hindi naman ata sya malabong mangyari diba? May may iilan na ding gumagamit ng ganoon dito at madami na ding nagc-crypto dito sa bansa natin kaya hindi nalang ako magugulat kapag dumating na tayo sa point na iyon. ๐Ÿ˜…๐Ÿค—

$ 0.00
7 months ago

Yes that's possible! There's 11 merchants in the Philippines who accepts Bitcoin Cash as a payment.

$ 0.00
7 months ago

Wow. Thank you sa info, hindi ko akalaing madami na din pala at malaking bagay na ito. Nakakatuwa naman kung mas lalaki pa yan sa lalong mas madaling panahon at sana magkaroon na din nyan sa lugar namin. ๐Ÿค—๐Ÿ˜†

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7 months ago

Hehe nakasulat yan dun sa article, basahin mo yung link na nasa baba written by BantayanIsland sa kaniya ko kinuha yun e

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7 months ago

Marami na ding merchants dito sa pinas na tumatanggap ng BCH dahil sa active adoption. Small or big merchants, it matters. :)

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7 months ago

Sana nga mas dumami pa in the near future.

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7 months ago

Need lang massive at active adoptions, dadami din yan dito.

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7 months ago

Oo nga, yung ibang pinoy kasi close-minded eh

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7 months ago