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RE: Crypto Daily News: Comment and Win SBIs Daily : July 10, 2018

in #crypto6 years ago

Cryptocurrency, the currency of the future. A farfetched idea in the past but at present a certainty. Thanks for always bringing us the hottest news on the cryptoworld @nuoctuong.

I would like to once again throw in my 2 cents worth especially to this link: Philippine Central Bank Approves Two New Cryptocurrency Exchanges

Pinoy Cryptocurrency Boom

Where? LOL. Kidding aside, while the news says there is a boom unfortunately, it is not felt by the greater citizens of the Philippines. This remains to be seen. In paper, a boom is reported but in the actual set-up, not yet.

CCN previously reported that the most popular crypto app in the Philippines, Coins.ph now has a user base of more than five million people, with more than a million users on its Android application alone.

Previously, in one of your links, I made a comment and it was about Coins.Ph and its series of issues. They need to resolve that. Next week, I am about to use the services of Coins.Ph and I will give you a heads up.

Also, internet in this part of the world is below par and I believe the slowest in SEA. I wonder how cryptocurrency will ever survive in a country where old-school methods are still being practiced.

I would also want to comment on this link: Singapore blockchain centre launches to accelerate ecosystem for SMEs

The Blockchain Technology Creatanium Centre (BTCC) will not just incubate SMEs but also provide education and development as well as house a blockchain and ICO ecosystem.

This is definitely good news for SMEs. The support of Singaporean government is indeed overwhelming. Perhaps, that is the reason why Singapore is a total power house.

Currently, SMEs contribute approximately $196.8 billion, almost half of GDP value-add, to the Singapore economy and hire 65 per cent of the workforce.

The numbers are totally awesome. I have always wanted to belong in the SME industry here in my home country. Almost difficult to get in when you don't have political connections or any sort of relationships with the government.

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Thanks for your great insight, @fotografia101 . Please let me know your experience with coin.ph is like once you have some more experience with them.

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