The country's cryptocurrency and blockchain industries are likely to see an expansion in terms of adoption, user growth and security as many Filipinos, continue to learn and understand the application of the technology, a stakeholder said Tuesday.
Despite the volatility of cryptocurrencies such as bitcoin, the Philippines has among the world's "clearest" virtual asset regulations which is attracting global players to enter and local stakeholders to adopt the technology, Rebittance Inc co-founder Miguel Cuneta told ANC.
Some e-wallet providers and financial firms have already adopted cryptocurrencies in varying levels and use cases, making them more attractive to users.
"If you look at the price of bitcoin it's very volatile but if you look at the metric of adoption, user growth, network security and all of these things. They’re all growing, all-time-highs...We’re looking at budding local trend," Cuneta said.
"They see a lot of potential in the market and they see a lot of growth in...
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