Two years ago, the publication Brave New Coin dubbed the Philippines an "ideal market for Bitcoin." Rapid growth in smartphone adoption was one reason for the distinction, but its massive remittance market was the real opportunity. According to Focus Economics, it is worth upward of $26 billion.
In recent years, several cryptocurrency startups have sprung up in the Southeast Asian country, creating low-cost remittance services for overseas Filipino workers and building a young but growing blockchain ecosystem.
Full story at http://bit.ly/2xcAkb8
Source: Forbes
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