I am writing this post based on two articles. The first one was written by Stefan Calimanu on 12 July 2022.
According to his graph derived from Hootsuite, the Philippines is the third highest in cryptocurrency ownership among developing countries. This chart was made in January 2022. According to the report, 19.4% of Internet users aged 16 to 64 hold cryptocurrency. Thailand is the first and Nigeria is second.
I'm not sure if Calimanu's graph is reliable. This is for the reason that Thailand's entry into the first place is strange. I saw it for the first time and I didn't expect it
In the second article, although the focus of the survey is different, ten months later, the Philippines according to Business World has fallen from second to sixth regarding cryptocurrency adoption. This report is not only focused on developing countries. The United States is included and ranks fourth in cryptocurrency adoption. India, Nigeria, and Vietnam lead the way. Ukraine is fifth. Source
Keisha B. Ta-asan, like Calimanu, mentioned that the remittance market is still the main reason that pushes Filipinos to adopt cryptocurrency.
Although the title of the article has to do with the continuation of increasing the level of cryptocurrency adoption in the Philippines, if you read the article carefully, it seems that what the writer is promoting to be accepted by Filipinos is none other than CBDC. The writer mentioned the results of the survey done in 2022 that 93% of the 86 central bank respondents around the world are busy creating virtual assets.
Dalawang artikulo ang pinagbatayan ng sinusulat kong ito. Ang una ay yong sinulat ni Stefan Calimanu noong 12 July 2022.
Ayon sa kaniyang graph na hango sa Hootsuite, ang Pilipinas ay pangatlo sa pinakamataas pagdating sa ownership ng cryptocurrency sa mga developing countries. Ang chart na ito ay ginawa noong January 2022. Ayon sa ulat, 19.4% ng Internet users edad 16 hanggang 64 ay may hawak na cryptocurrency. Ang Thailand ang nangunguna at pumapangalawa ang Nigeria.
Hindi ko tiyak kung reliable ang graph ni Calimanu. Ito ay sa dahilan na kakatwa ang pagpasok ng Thailand sa unang puwesto. First time ko itong nakita at hindi ko ito inaasahan
Sa ikalawang artikulo, bagamat iba ang focus ng survey, pagkalipas ng sampung buwan, ang Pilipinas ayon sa Business World ay bumagsak mula sa pangalawa papuntang pang-anim pagdating sa cryptocurrency adoption. Ang ulat na ito ay hindi lamang nakatuon sa mga developing countries. Kasama ang Estados Unidos na pumapang-apat pagdating sa adoption ng cryptocurrency. Nangunguna ang India, Nigeria, at Vietnam. Panglima naman ang Ukraine. Source
Nabanggit ni Keisha B. Ta-asan tulad din ni Calimanu na ang remittance market ang siya pa ring pangunahing dahilan na nagtutulak sa mga Pilipino to adopt cryptocurrency.
Bagamat ang title ng article ay may kinalaman sa pagpapatuloy ng pagtaas ng antas ng cryptocurrency adoption sa Pilipinas, subalit kung iyong babasahing mabuti ang article, para bagang ang talagang pinipromote ng manunulat na tanggapin ng mga Pilipino ay walang iba kundi ang CBDC. Nabanggit ng sumulat ang resulta ng survey na ginawa noong 2022 na 93% sa 86 na central bank respondents sa buong mundo ay abala sa paggawa ng virtual assets.
interesting to see some of the countries in Sout East Asia is on top of the graph, but does it means that we are the leading user of the cryptocurrencies? or we are just a big numbers, but will small percentage of the power. : )
!LUV
I think you're right, only in terms of number of users and not when it comes to capital power.
Everything about crypto tapos ng bull run noong 2017 ayon sa mga pinoy ay scam. Sinabi lang nilang scam yan dahil nagmainstream sya nung middle ng 2017. Nung pumasok ang mga kapwa natin na pinoy sa BTC it ay tinatatawag na FOMO. Get rich quick mindset noong bumagsak syempre scam na. Tapos nandyan pa yung famous na laro na (floppy bird 😜) again get rich quick mindset pero ibang topic si floppy bird. Naforward lang sa akin ngayon ang balita sa Pogo lumitaw nanaman sa mainstream media ang crypto. Kumuha ng expert para magpaliwanag. Kung ikaw ay walang alam sa crypto at ang nageexplain sa iyo ay laging english at crypto message ano una papasok sa isip mo masama ang crypto. It will be a never ending cycle unless pagaralan mo.
Thankful sa Hive kasi dito more on adding value ang focus ng mga influencers. Unlike sa Reddit or Discord na sinalihan ko na puro mga Pinoy na nasa crypto, puro pump and dump ang pinag-uusapan. Prior to Hive, whitepaper ng Pi Network ang nabasa ko kaya kahit papaano may comparison. I see as far better lalo na sa aspect ng decentralization. Hindi kagaya ng Pi Network, mukhang malabo, only good in paper.
I can agree to the adoption rate that we lowered down, with the scams ongoing lately people are becoming more hesitant to jump into the crypto verse. Most scammers use crypto now for investments as it is easy to say that they loss in the trade etc.
Dami ding scammer na Pinoy ngayon kaya negative when they use the term crypto na.
Btw another tip, if the content is more on crypto-related stuff I would suggest you post this in Leofinance, then just use the #tagalog or tagalogtrail in one of your major tags para lumabas parin sya sa feed ng bot. ( Kung may tagalog translation) in that way, curators from Leofinance may be able to see your content din.
Same observation here. That's one reason why I gave up on one Reddit group with the Discord platform. Puro pump and dump lang ang pinag-uusapan nila pagdating sa crypto. Parang wala pa akong nameet na may long-term mindset. Gladly, just recently, I stumbled three young Pinoy accounts here on Hive na mukhang ang focus nila is to grow their HIVE Power. That's how I think this technology should be treated.
Completely agree! Alam mo ba na outside Hive wala akong masyadong alam na tokens and crypto, medyo takot ako mag explore outside Hive blockchain kasi parang walang masyadong security to such.
Dito, your reputation and interaction matters kaya sobrang goods ang Hive as a starter na nag aaral ng crypto, you can join for free pa.
Ako bago ang Hive, Pi Network ang initial entry ko sa crypto. Kaya lang until now waiting pa rin sa open mainnet. Not sure kung totoo na this time sa June 28.
Nakikita ko na yang Pi Network dati pa, medyo sketchy lang sya for me kasi nga may download download pa sa cp.
Hopefully kung mag launch sya marami ka na tokens na naipon para ready ka na sa kaniya.
I saw back then some folks accepting Pi as a mode of payment - di lang ako sure kung totoo yun and if nag ROI na sila.
Wala pang nag ROI diyan. Mag three years na ako nag mamine. Nasa 5k plus na ang token ko. Noong una active ang team ko, around 50 plus. Ngayon halos 2 o 3 na lang ang nagmamine daily. Nasa enclosed mainnet pa ang Pi. Yong tumatanggap ng Pi as bayad sa service or product, mga Pi members din ang mga yon. Nasa KYC process pa rin ang karamihan. Ang latest update, 10M na ang na KYC out of 55M members all over the world.
Ui ayos yan ah! Buti may mga active parin till now!
Ito talaga ang isa sa mga iniiwasan ko hahha medyo kalat na yung details ko, yoko na mas ikalat pa HAHAHHHAH
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