Why Is Crypto Currency not Popular in the Philippines?

[Baba g Sialkot 527]

I don't think digital currency isn't well known at this point in Philippines since I'm an individual from Bitcoin acquiring bunches in Philippines and loads of individuals are looking and alluding approaches to procure free bitcoins. And a few destinations to contribute bitcoins.

[Faizan ali 80]

We all know that cryptocurrency is the most popular currency in the world these days but there are some countries that does not use it because in many countries paper currency is used in these countries and cryptocurrency is used as a digital currency we can't use it in our daily life but it gives us a lot of profit.

[Mrrobert 244]

If they find out and i am sure it will always be used as a transaction tool and there is not only philippines but there is other countries are the same like your country.

[creee 3]

Possibly on account of their laws, I mean maybe they have some severe laws in everything identified with crypto world and digital forms of money, there isn't just Philippines yet there is different nations are a similar like your country

[Abdul11687821 30]

They are sacred because in some countries bitcoin is ban. So,if they break rules then it is not good for these people's. They go to jail or any other thing happened but i said please all countries welcome bitcoin in countries they earn a good profit from it.

[Malik9532 1276]

My friend some countries has strick law that's why they affaired getting name of cryptocurrency and bitcoin  and when people don't know about anything they don't do trust on this thing . I think people of Philippines don't know about crypto currency and bitcoin that's why crypto currency not allowed in Philippines .

[Misterhappy 247]

Dear friend you are very right i agree with you that in not only philippines many others countries where the cryptocurrencies are not found but I think that in the near future it will become more popular in all over the world because more peoples showing their interest in it and invest their money in it and soon it will be dominate in all world.

Dear friend you are very right i agree with you that in not only philippines many others countries where the cryptocurrencies are not found but I think that in the near future it will become more popular in all over the world because more peoples showing their interest in it and invest their money in it and soon it will be dominate in all world.

[Rabbi6860 150]

They even believe it's scam. This is the reason it remains unpopular in countries like Philippines and other countries in the world. From Prepaid mobile load, Steam games, Bills payments and Money transfer. Almost all my neighbors, friends and relatives own a fraction of Bitcoin and Ethereum. Filipinos will always think about the basic needs of their family rather than thinking about investing in something especially new to them. 

[David84 1191]

You should clarify the state of your government towards crypto currency activity, is is legitimate or restricted, if it is legitimate then people are afraid of it because of their ignorance, but if there are government restrictions then the people have every right to be afraid and stay away from it in order not to have legal issues later on. 

[Aleksandrw 320]

Hi.

That and not only in the Philippines. I think the inhabitants of Africa are also more concerned with the issue of food than some bitcoins there 

[Sumsad 1159]

we can say that such technologies have not reached them well and they see this as a kind of divorce.  they need guarantees, but here there are no guarantees, a lot of risks and promises, one might say.

[Umar122 277]

Dear Friend! Crypto forum is best source of learning and earning. I think most Philippines citizens already konw crypto but in general understanding not the specific. 

[fahima000 160]

it depends on the country and the people.some country have no permission of crypto currency and some don't use still on regular basis.so in Philippine you can check the government rules and regular use of crypto.but it will increase i hope

[sultana555 159]

Yeah, in many countries Bitcoin is more famous than cryptocurrencies, as far as I know in the Philippines there are many places to buy and sell bitcoin, also bitcoin can be used to pay for bills, buy prepaid costs and send money. So Bitcoin and cryptocracy are recognized and allowed by the government.

[salma777 155]

Maybe because of the laws present in Phillipines. Many countries doesn't allow crypto currency. Also maybe people of that country aren't fully aware of crypto her. People of that country may prefer cash instead of digital money. It all depends on the people.

[fahima000 160]

Yeah, in many countries Bitcoin is more famous than cryptocurrencies, as far as I know in the Philippines there are many places to buy and sell bitcoin, also bitcoin can be used to pay for bills, buy prepaid costs and send money. So Bitcoin and cryptocracy are recognized and allowed by the government.

[sultana555 159]

as we know,philippines has many people especially those who are born in late years don't have enough knowledge about the new technologies that's why they dont know much about crypto currencies. but actually many filipinos now are learning to use it.

[salma777 155]

I think Filipinos doesn't know cryptocurrency because it is not a trend in social medias and also it doesn't really show up in some news. Filipinos try the things they always see in the internet and televisions. There are lot of people who uses cryptocurrency in the Philippines but since no one really wants to introduce it in the public, it won't become popular.

[M aqib 80]

Yes my dear friend i think there are many countries who do not accept the bitcoins i think every country have their rules or law but i think this is a so profitable i think after few years every country will b known about of this.so we have to be patient.

[Ahmed Kibria 45]

People in the Philippines don't know much about cryptocurrency. They are less interested. Very few people are attracted to it.They have no idea how to make money from crypto, how much they will benefit, so crypto is probably not so popular in the Philippines.

[Mariya512 178]

for that my own opinion, I suspect therefore the laws use bitcoin in the Philippines can be dictatorial again why that it takes place and something that's also for the sensational Philippines but additionally for many counties taking place selfsame things.

[Mohammadmohd 206]

Not only for the people of the Philippines, many countries do not know about the encrypted CryptoTalk platform, even when you know they do not realize its importance, I hope that the platform will spread all over the world so that people benefit from it.good luck

[Nafees Khanzada 73]

The rules of Philippines is very strick due to which the crypto currencey is not popular in Philippines.

[Sohanadnan 41]

I think so, i accept as true with you. Bitcoin and other crypto currencies are illegal in many nations so i think Philippines also are afraid from it. Additionally i think the popularity of bitcoin within the Philippines aren't that very popular it is why they do not do crypto because they don't know approximately it.

[godislovefll 1880]

On 1/13/2020 at 12:47 PM, LexBee68 said:

A lot of people are afraid if we are talking about bitcoins or any other crypto currencies.  Why is it so? Especially in the Philippines, people are skeptical about it.

In this case what happens is that by not being legal all over the world, it causes them to lose popularity in some countries and this is one reason why cryptocurrencies are not so common when you hear about this in the streets and this happens because of the fear of possible problems with the politics of each country therefore you have to stay on the sidelines and use them in secret.