Join 74,292 users and earn money for participation

The Suspension of Lyka app is an opportunity for Bitcoin Cash

26 73 exc boost
Avatar for kli4d
Written by Β Β 338
2 months ago

July 24, 2020

Yesterday, July 23, the Bangko Sentral Ng Pilipinas (Central Bank of the Philippines) released an order to suspend the operations of Lyka app as an Operator of Payment System. Due to the reason that it is not yet registered with the regulator.

Lyka allows users to earned gems through likes or interacting with other users within the app. These gems can be used to buy and exchange goods, or even claimed gift cards. Currently, it only operates on the Philippines and backed by a Hongkong based company. Basically, its like an social media platform that reward its users.

Bangko Sentral ng Pilipinas suspend the operations of Lyka based on the Republic Act No. 11127 or The National Payment Systems Act (NPSA). BSP invites the said entity to register and comply with the law.

Reference: https://news.abs-cbn.com/business/07/23/21/bsp-orders-lyka-suspend-payment-system-register

This news immediately became a number one discussion on Twitter. Regardless of the situation, many Filipino netizens lift the mood and showed their wittiness and humor regarding the matter, and I have a fun time reading their tweets!

For non-Filipinos, there's a famous child singer here in the Philippines that also named Lyka. Hello, Lyka Gairanod!

I almost lost it here πŸ’€πŸ€£

On the other hand, in my opinion, what happened to Lyka is an opportunity to introduce Bitcoin Cash. Why did I say so?

To be frank, Lyka is just used by its users because of money. Aside from that, none. If that's the case, why don't we invite them to join noise.cash? Noise.cash also rewards their users, except it is in the form of Bitcoin Cash, and I think that’s not a problem since Filipinos are techies and easy learners – they can easily understand how things work. Β 

Fun fact: In the third quarter of 2020, according to Datareportal, Filipinos spend approximately 10.6 hours on the internet.

This is great evidence that supports the claim that Filipinos are techies and easy learners. We are exposed to it, lolΒ 

Source: Statista

Noise.cash is a microblogging site that pays Bitcoin Cash as a reward to its users by posting quality content. Unlike Lyka, in noisecash you don’t need to be a clout chaser just to gain likes and BCH. Here you can be yourself and the community will be the first one who will guide and support you!

Since the users of Lyka are finding another source of income if they found out about noise.cash, they may share it with their other friends, and the cycle will repeat thus spreading the word about Bitcoin Cash and making the adoption faster.

I believe the Philippines is an excellent country in introducing Bitcoin Cash because we are already on crypto acceptance. Just last time there's news that the Philippine Stock Exchange wants to be a site for crypto trading saying that cryptocurrencies are the assets we cannot ignore anymore.

Source: https://www.coindesk.com/philippine-stock-exchange-wants-to-be-the-site-for-crypto-trading-when-its-approved-report

In addition, the leading mobile wallet here in the Philippines, GCash is open to the possibility of offering cryptocurrencies.

Source: https://www.coindesk.com/philippines-gcash-crypto-offering-mobile-wallet

Given that Filipinos' interest in digital assets is growing, this is a great time to introduce them to Bitcoin Cash and educate them why it is better than Bitcoin. Just imagine that what if most of the population is owning BCH and is well informed of its advantage, it may become mainstream and the government may consider using it as a currency. We may become the next Puerto Rico; except we are using Bitcoin Cash.

Thank you to my sponsors, upvoters, silent readers, commenters, and critics for keeping me motivated in writing πŸ’―. I am just a speck of dust floating in the wind without youΒ 

Special remarks...

Hello, everyone! I think I will use this opportunity to share my sentiments about the recent issues happening on this platform.

Plagiarism and other forms of cheating are unacceptable to me. The two recent plagiarism cases embarrass me because the two persons implicated are also Filipinos. The first one was proven to be stealing someone's work and the second one is not proven yet (just an accusation).

Regardless, I am still proud because these two people managed to be professional and calm in explaining their side. They show how respectful the Filipinos are. These two people who are involved in plagiarism proved that they are far way more intelligent compared to those individuals who cursed someone and generalized the whole Philippines.

In case, you've encountered the same allegation, always be calm. Brain over emotion. Think of a better response and show that you have manners. For others, do the same who are not involved. I-unsubscribe mo nalang or block. Hayaan mo nalang langawin profile at articles nya. Odiba peaceful revenge.

I hope this will serve as a lesson for us. You can use this website to check your article before publishing. Mahirap na at maraming mata ang nakatingin sa'tin.

https://plagiarismdetector.net/


ADVERTISEMENT:

BremitΒ is a blockchain-based decentralized remittance platform. I recently discovered that if you signed up to the link below, you can receive $25 for free! That's already a huge amount compared to other airdrops or referral links. The project is currently valued at $0.05 (It may go to the moon soon πŸš€)

https://bremit.io/BR710657636


You can read my recent articles...

22
$ 16.83
$ 16.13 from @TheRandomRewarder
$ 0.15 from @OfficialGamboaLikeUs
$ 0.06 from @Idksamad7869
+ 12
Avatar for kli4d
Written by Β Β 338
2 months ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

When Lyka app was released, it doesn't caught my attention. Hindi yata ako naging interested dun hahaha besides, may noise.cash na yata that time and madaming issues about security.


Dalawang tao pala 'yung sa plagiarism? Hahaha hindi ko pinakialaman 'yang issue na 'yan eh lumalaki lang pagpinapansin paπŸ˜†

$ 0.00
2 months ago

I know a person who joined in that application however, she is using her body and looks for interacting with other people just so she can collect gems kemerot. That's why I did not join in Lyka HAHA I prefer writing and use my knowledge than my looks and body to earn.

$ 0.00
2 months ago

To be frank, pansin ko na konti lang ang dumadagdag na users sa noise at read kasi kulang talaga sila sa promotion. Sa totoo lang. Pero bawal ang cp ko sa lyca and malaking YouTuber kasi nagsimula non kaya sumikat. Pero magandang opportunity talaga yon. Anyhow, lagi ko nga minamyday post ko roon pero nilalaktawan lang nila. Tumatanggi pa sila sa grasya haha

$ 0.00
2 months ago

Balak ko nga na magpost sa facebook group ng mga Lyka community sa mga susunod na araw kasi sayang yung opportunity. Pero sayang din yung mga tumatanggi sa grasya hahaha πŸ˜†. Dito sa noisecash tamang post lang,basta consistent makakatanggap kana ng tip

$ 0.00
2 months ago

I agree, it is suvh a great opportunity for us to spread the good news of our beloved BCH. Di ako masyado familiar sa lyca eh, pero familiar ako ni lyca hahahahahaha.

$ 0.00
2 months ago

Yes I stan Lyka Gairanod hahahaπŸ˜‚

$ 0.00
2 months ago

This is a great opportunity indeed for the bch community to grow even more. Nagvaviral na naman mga pics ni lyca.. jusko why used her pics pwede naman ung app nalang...

$ 0.03
2 months ago

Mga pinoy kasi talaga makukulit hahaha

$ 0.00
2 months ago

I was about to sleep but then I saw your article, I didn't regret reading your article. Natawa ako sa lyka meme HAHAHAHAH LT. I've been laughing while reading until the end , ahhaha busit kasi eh

$ 0.00
2 months ago

πŸ˜©πŸ˜‚ kulit ng mga pinoy hahaha

$ 0.00
2 months ago

Eehhhh, may account ako jan ee. Kaso diko ni work, nag try ako jan nong kasagsagang di pa alam ni Rusty ang existence ko sa read.cash lol. Anyway, this is a big opportunity nga. Kaya try mo ng ecompile ang mga info about Bitcoincash and read.cash and noise.cash, para maipakalat na natin sa sangkatauhan ang ating Bitcoincash πŸ’™. Sana lang matyaga yong iba ano na matuto.

Anot sa plagiarism naman, well Sayonara!

$ 0.00
2 months ago

Sana sipagin silang iexplore nang maigi yung website. Sayang naman kasi hahaha

$ 0.00
2 months ago

If you are a member of Lyka groups.. Pwd mo sla iinvite.

$ 0.00
2 months ago

Ahhh so there is a suspension for lyka. I used to frequent there too. But became uninterested ...

$ 0.00
2 months ago

Bat po kayo naging uninterested?

$ 0.00
2 months ago

I'm hoping that they'll join here soon ❀️

$ 0.00
2 months ago

Hoping :))

$ 0.00
2 months ago

Well it's good opportunity to increase BCH adoption hope they will find a better place

$ 0.00
2 months ago

I am also hoping :))

$ 0.00
2 months ago

Firstly, I must commend you for seeing a breakthrough for Bitcoin cash due to the issue Lyka is facing now. It shows how much interest you have in the success of Bitcoin cash, I hope other citizens using BCH can use the opportunity to introduce BCH, and it ecosystem to people

$ 0.00
2 months ago

Thank you, George! I can see a great potential here in Bitcoin Cash. This will help the Philippines especially those individuals who are facing financial struggles right now. Filipinos also adopt faster to technology and that makes the Philippines good for adoption

$ 0.00
2 months ago

Dami ko friends na nag lalyka. Sana mameet nila Readcash, noisecash and BCH of course! πŸ’šπŸ’š

$ 0.00
2 months ago

Invite mo silaa hahaha. Tas sali sa gc sksks

$ 0.00
2 months ago

I hope Lyka users will join read and noise right away. Do you have friends who are Lyka users?

$ 0.00
2 months ago

Currently, i dont have. Pero may mga kakilala ako na naghahanap na pwedeng pagkakitaan. Baka magustuhan nila to

$ 0.01
2 months ago

Sana nga wag silang mawalang agad ng pag asa pag once na nagstart na sila dito.

$ 0.00
2 months ago