Countless countries globally have been slowly adapting to the upcoming financial system standard. Companies, banks, and countries have transitioned from paper money to digital currencies or crypto. Personally speaking, we are just beginning to see the real potential of Financial Technology and its effect on the future.
In a world where people have been spreading knowledge about blockchain technology such as Bitcoin, XRP, Ethereum, Cardano, and many more. It's not out of the scope of the possibility that this could be the standard soon.
The traditional form of payment using paper money is getting expendable. Even businesses encourage people to go cashless with their on-site transactions. Also, in a world terrorized by a pandemic, the risk of close interaction with strangers is not a good idea. Thus, going cashless is the best.
Sadly, even with this progress, countries like the Philippines have been falling behind. and its government hasn't given signs of interest in adopting cryptocurrencies as a form of payment nationally.
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Source: https://read.cash/@NoobWriter/crypto-in-the-philippines-17691c98