Raco’s Garden Resort is a masterclass of the intersection of nature and modern architecture. As mentioned in its name, Raco’s is a resort where you can relax at the place and take a swim in its 3-level swimming pool. It provides you a beautiful mountain view, with the place itself swarming with perfectly placed plants and trees. Raco’s Garden Resort is excellent as a choice for any function, gathering, or a simple vacation if you just want to take a breather.
Photo from Raco’s Garden Resort Facebook Page
While still being under construction, Raco’s doesn’t fail to market itself through updating followers about where they are in the process, and what they can offer.
Raco’s Garden Resort’s 3-Level Swimming Pool
Inspired by the resorts in Bali, Raco’s showcases a beautiful 3-level swimming pool that resembles the natural chain of waterfalls, similar to those in Badian. On their page, they parade the 3D design of this structure which looks simply mesmerizing. They have also updated how close they are to the design at the current stage of construction.
Photo from Raco’s Garden Resort Facebook Page
The Flower Garden
The name lives up to itself, and you can see it for yourself through their garden of flowers. They have been working on their garden for a long time, helping it recover from the ruins that Typhoon Odette brought upon. The garden is home to different kinds of flowers and greens, including stargazers, and kalachuchis.
Photo from Raco’s Garden Resort Facebook PagePhoto from Raco’s Garden Resort Facebook PagePhoto from Raco’s Garden Resort Facebook PagePhoto from Raco’s Garden Resort Facebook Page
The Koi Garden
Aside from their flower garden, they offer guests another scene to watch with their Koi garden. They showcase an elongated and curvy pond as opposed to the circular ones we are used to. The garden is decorated with flamingo statues of different colors, surrounded by rocks and plants. Even in its behind-the-scenes, you can already tell it’s going to be a masterpiece!
Photo from Raco’s Garden Resort Facebook PagePhoto from Raco’s Garden Resort Facebook Page
The opening of Raco’s Garden Resort and other necessary details are still not out, but we are highly anticipating for this soon-to-be classic destination to unlock its doors. Don’t miss out and stay updated to finally witness and experience Raco’s Garden Resort!
Boljoon, Cebu, is a destination that beckons travelers with its captivating natural beauty, rich history, and welcoming hospitality. If you’re planning a trip to this picturesque town, you’ll want to ensure your accommodation enhances your experience, and where better to go than to Seize ‘D’ Day Boljoon, Cebu?
Photo from Seize ‘d’ Day Boljoon Cebu Facebook Page
Saan Aabot P4,800 Mo?
At a very affordable rate, Seize ‘D’ Day lives up to its name by providing you with a place where you can fulfill the carpe diem lifestyle. With its very inclusive package, it is best to gather as many friends as you want to relax and have fun with the beautiful waters of Boljoon. This is the best deal you can avail, especially for barkada reunions, birthday parties where you have to mix a bunch of friend groups and the like. For P4,800, 15 people can avail the whole resort with an additional P100 per extra head (maximum of 5 extras).
Photo from Seize ‘d’ Day Boljoon Cebu Facebook PagePhoto from Seize ‘d’ Day Boljoon Cebu Facebook PagePhoto from Seize ‘d’ Day Boljoon Cebu Facebook PagePhoto from Seize ‘d’ Day Boljoon Cebu Facebook Page
For a humble price, you can have the entire place for your group. There is no better way to enjoy a vacation than to spend it on a quiet beach only with your loved ones. Pets are also allowed!
Activities and Amenities in Seize ‘D’ Day
To guarantee an excellent stay at the resort, you can see how their amenities do not fall short in shaping the perfect customer experience. Availing of the total package allows you to have the following:
2 aircon rooms for 2-3
1 fan room for 2-3;
extra foams, bedsheets, pillows, blankets;
2 toilets & baths inside the house;
1 toilet & bath outside the house;
rooftop;
living room;
lounging area;
Karaoke system;
kitchen, refrigerator, utensils, rice cooker, etc
grill
Photo from Seize ‘d’ Day Boljoon Cebu Facebook Page
And to make sure there is never a dull moment, you may avail these activities at the resort:
Shore-cast/Jig
Boating
Volleyball
Snorkeling
When you get there, you may inquire from the staff regarding the activities that you want to have. These are perfect ones if you want to insert some adrenaline in between the chilling or if you’re having a team-building activity in the resort.
As you plan your visit to Boljoon, Cebu, selecting the right resort can greatly enhance your experience. At the price Seize ‘D’ Day offers, it is crystal clear that what you pay will be more than sulit with the exclusive deal you can have with your friends. Seize your day and book your stay at this excellent resort!
Photo from Seize ‘d’ Day Boljoon Cebu Facebook PagePhoto from Seize ‘d’ Day Boljoon Cebu Facebook PagePhoto from Seize ‘d’ Day Boljoon Cebu Facebook PagePhoto from Seize ‘d’ Day Boljoon Cebu Facebook Page
RATES & OTHER INFORMATION
Check in: 2PM
Check out: 12NN
RATE: (or COTTAGE FEES)
P4,800 for 15 pax, additional P100 per head with a maximum of 5 extras
*Children less than 10 years old are not included in the headcount
Exact location: Lower Becerril, Boljoon, Cebu (After Boljoon Church but before reaching Boljoon National High School, if you’re heading South.)
BY BUS: From the South Bus Terminal, look for a bus that goes to Oslob or Santander since these buses pass by Boljoon. You can tell the driver or conductor to drop you off at Boljoon Church.
BY CAR: Navigate with Waze or Google Maps and set your destination to Boljoon Church as Seize ‘D’ Day is not yet visible there.
When it comes to career choices, many individuals seek not only job satisfaction but also a substantial income.
The Philippine Statistics Authority (PSA) has compiled data on the highest-paying jobs in the Philippines, revealing opportunities that can lead to a lucrative career path. The following are the top 10 highest-paying jobs in the Philippines, along with their average monthly earnings.
1. Aircraft Pilots – Average ₱135,363/month
Photo from Unsplash
Aircraft pilots in the Philippines are in high demand, both domestically and internationally, with the foothold that the country has in the tourism industry. The country is a major aviation hub in the Asia-Pacific region, and its airlines are rapidly expanding. As a result, there are many opportunities for Filipino pilots to find well-paying jobs with good career prospects.
The major airlines in the Philippines are Philippine Airlines, Cebu Pacific Air, and AirAsia Philippines, with their aviators earning an impressive monthly salary. With such a high reward, it is no question that this career requires extensive training and expertise, as well as a commitment to safety and precision.
2. Software Developers – Average ₱70,595/month
Photo from Unsplash
In the digital age, software developers are in high demand.
Software developers earn a relatively good salary, especially considering the cost of living in the Philippines. In this industry, they create applications, programs, and systems that power our modern world. With their high demand, we can see how flexible such a skill can be, and what software developers bring to the table is indeed essential in various industries, making them well-compensated for their expertise.
3. Mathematicians and Actuaries – Average ₱69,654/month
Photo from Unsplash
Mathematicians and actuaries are in high demand in the Philippines as well, as they play a vital role in a variety of industries, including insurance, finance, banking, and government. These mathematicians are employed in a variety of roles, including:
Researchers at universities
Data scientists
Financial analysts and risk managers
Software developers and engineers
4. Production Supervisors & General Foremen – Average ₱63,017/month
Photo from Unsplash
Production Supervisors and General Foremen in the Philippines play a vital role in the manufacturing and construction industries. They are responsible for overseeing the work of production workers and tradespeople, ensuring that tasks are completed efficiently and to the required standard.
General Foremen typically supervise a larger group of workers than Production Supervisors and may have additional responsibilities such as scheduling, budgeting, and quality control.
5. Application Programmers – Average ₱58,643/month
Photo from Unsplash
Similar to software developers, application programmers design and create software applications. Their expertise is highly valued, as applications drive productivity and innovation across industries.
6. Doctors or Specialist Medical Practitioners (Specialists) – Average ₱57,476/month
Photo from Unsplash
Specialists in the Philippines play a vital role in the healthcare system. They provide high-quality care to patients with a wide range of medical conditions. Medical practitioners who specialize in various fields, such as surgery or cardiology, rank among the top earners because their extensive education allows them to further support the healthcare industry in the country along with their expertise in their own specialization.
7. Statisticians – Average ₱58,643/month
Photo from Unsplash
The demand for statisticians in the Philippines is expected to grow in the coming years as businesses and government agencies become more reliant on data to make decisions.
Some of the specific job titles that statisticians may hold in the Philippines are:
Data Analyst
Data Scientist
Market Researcher
Quantitative Analyst
Research Analyst
Statistician
The kind of work statisticians have is also highly essential in fields like healthcare, finance, and research, making them well-compensated professionals.
8. Medical Doctor or Generalist Medical Practitioners – Average ₱51,251/month
Photo from Unsplash
Generalist medical practitioners, such as family doctors, continue to be in demand for primary healthcare needs. They enjoy a stable income due to their role in ensuring the health and well-being of the population.
9. Geologist – Average ₱49,051/month
Photo from Unsplash
The demand for geologists in the Philippines is expected to grow in the coming years as the mining and construction industries continue to expand.
If you are interested in a career as a geologist in the Philippines, there are a number of resources available to help you get started. The Philippine Institute of Volcanology and Seismology (PHIVOLCS) is a good place to start, as they offer a variety of resources and information about the field of geology in the Philippines.
10. Accountants / Auditors – Average ₱48,982/month
Photo from Unsplash
Accountants and auditors in the Philippines play a vital role in the country’s economy. They are responsible for providing financial information and assurance to businesses, government agencies, and individuals. They play a pivotal role in financial management and accountability. Their meticulous work ensures the financial health of businesses and organizations.
Accountants and auditors in the Philippines typically have a bachelor’s degree in accounting or a related field. Some accountants and auditors may also have professional certifications, such as Certified Public Accountant (CPA) or Certified Internal Auditor (CIA).
When choosing a career path, it is clear that the demand and profitability of the work are things to be considered especially in the kind of economy that we have. Getting to know these statistics, descriptions, and the average compensation of each type of work allows both undergraduate and working individuals to gauge their choices better, driving them to the conclusion whether they choose profit over passion, passion over profit, or more luckily, if they can choose both.
It is indeed a historical move for Taiwan as its president launched the first domestically-made submarine on the island. The submarine was launched for testing last Thursday, September 28, 2023, at a Kaohsiung port.
Photo from NBC News
“In the past, a domestic made submarine was considered impossible, but today, a submarine designed and built by our countrymen is in front of you,”
President Tsai Ing-wen stated during the launching ceremony. He also added that it would be the “concrete realization” of their resolution to protect Taiwan.
However, constructing the submarine was “torturous,” according to the head of Taiwan’s CSBC Corporation, Cheng Wen-lon.
Photo from NBC News
The submarine is named Hai Kun, which translates to Sea Kun. The name is inspired by a fish in Chinese literature called “Kun.” After seven years of design and construction, Hai Kun’s prototype will be ready for testing in the harbor. Once it passes, it will be tested out in the ocean.
The submarine will be turned over to the Military only if it passes the harbor and ocean-faring tests. The target date for the submarine’s deployment is 2027. However, by that year, they will also deploy another domestically-made submarine.
Photo from NBC News
Once deemed a complete success, Hai Kun will be Taiwan’s breakthrough.
Oktoberfest is the world’s largest beer festival and is looked forward to by many enthusiasts. It originated in Germany, wherein the festival is held annually for two weeks. The love for beer did not just stop at the borders of Munich, as it is also something that the Philippines celebrates along with other countries around the world.
Let’s dive into a universe of beers and explore 5 bars that have Oktoberfest promos.
1. Kuan Bar
Moalboal is no stranger to foreigners and locals as a place to go to have a really good time. Kuan Bar is the place to go after a day of swimming to get tipsy and party your hearts out!
On September 22 to October 3, avail of their beer bucket, which now has 2 additional bottles for the promo, totaling 6 of any brand of your choice. In every purchase for P500, you can get one free bottle!
Club Tipsy Cebu is an amazing choice for a night-out, and of course, a destination for an Oktoberfest adventure. From September 14 to November 1, 2023, Club Tipsy opens its doors for free to everyone. Entrance fees are put on hold for the occasion, plus a San Miguel promo where you can avail of their Buy 5 Take 1 special from Thursdays to Sundays starting at 9 PM to 3 AM.
Book your reservations now!
Photo from Club Tipsy Cebu Facebook Page
Photo from Club Tipsy Cebu Facebook Page
Photo from Club Tipsy Cebu Facebook Page
Photo from Club Tipsy Cebu Facebook Page
Photo from Club Tipsy Cebu Facebook Page
Photo from Club Tipsy Cebu Facebook Page
Photo from Club Tipsy Cebu Facebook Page
Opening hours: 9PM to 5AM on Thursdays to Saturdays
Location: 2nd floor Hi-way Central Bldg M.C Briones St, Mandaue City, Philippines
3. Handuraw, Mandaue
Handuraw in Mandaue, Cebu, is a participating outlet of the San Miguel Oktoberfest promo this 2023. This September 29, Handuraw Pizza features local talents like XS, Shades of Blue, and Missing Filemon at 8PM. The event has free admission, on top of existing beer promos, including the Buy 5 Take 1 special!
Location: Lopez Jaena St., Subangdaku 6014 Mandaue City, Philippines
4. TGIFriday’s
Photo from TGIFriday’s Philippines Facebook Page
Photo from TGIFriday’s Philippines Facebook Page
Photo from TGIFriday’s Philippines Facebook Page
Photo from TGIFriday’s Philippines Facebook Page
Photo from TGIFriday’s Philippines Facebook Page
TGIFriday’s is always a crowd favorite when it comes to post-work drinks, even better now with their October promo. Score a liter of beer for only P225, or opt for a bucket of five for only P399!
Location: Ground level, The Terraces Ayala Center Cebu, 6000, Cebu City, Cebu
5. Ambiance Bar & Restaurant
Starting from October 1st, Ambiance offers a variety of promos to the table. From 3 to 6PM, you can choose any drink, however much you want, from their updated selection of cocktails for only P399. Ambiance puts its own twist on popular cocktails, ranging from Vodka Cranberry, Tequila Sunrise, and a lot more. You can also avail a set of bar chow for only P250 while listening to a live band in the venue.
Meta introduces the all-new Ray-Ban Meta Smart glasses in collaboration with EssilorLuxottica. The new glasses have improved audio and cameras and have over 150 different custom frame and lens combinations.
Photo from Ray-Ban
“Today at Meta Connect, in partnership with EssilorLuxottica, we announced our next generation Ray-Ban Meta smart glasses collection. We redesigned these from the ground up, improving all the core features of the first generation while adding new capabilities that have never been seen on a pair of smart glasses before,”
Meta wrote on its official website.
The glasses are available for pre-order, and prices start at $299. Pre-orders are done via meta.com and ray-ban.com.
Photo from Ray-Ban
What’s new with the Ray-Ban Meta Smart Glasses?
50% Louder, 2x bass
The new smart glasses have improved audio. The glasses’ all-new custom-designed speakers “have extended bass, higher maximum volume, and improved directional audio.” According to Meta, the new capability will reduce audio leakage from calls, music, and podcasts.
Audio will also be improved when recording a video since a newly designed five-microphone array provides immersive audio recording.
Photo from Meta
Ultra-wide 12MP Camera
Get high-quality photos and 1080p 60-second videos with the new smart glasses. Users can also directly share the images through the “send photo” voice command.
Photo from Meta
Higher Res Photo and Video Processing and 36 hours of use charging case
Aside from the 12MP camera, the Ray-Ban smart glasses are powered by the Qualcomm Snapdragon AR1 Gen1 Platform, which delivers higher-quality photos and video processing. The glasses also come with a sleek charging case that has a total of 36 hours of use.
Sleek Look
The Ray-Ban Meta sart glasses sport a classic Wayfarer style. The glasses come in 5 colors: Matte Black, Shiny Black, Jeans, Rebel Black, and Caramel.
Photo from Meta
Lighter and More Comfortable
The smart glasses are thinner to make it lighter and more comfortable. They are also water-resistant. Moreover, there’s also an improved touchpad and added interaction earcons.
Photo from Meta
Hands-free live streaming
These glasses are perfect for vloggers and streamers. Meta announced that the glasses can now be used for live streaming, and it will instantly go live on Facebook or Instagram. Users can even view the comments and interact with the live audience. In addition, comments can also be heard by tapping and holding on the side.
Photo from Meta
Meta AI
Of course, Meta is catching up with the AI trend. Meta has integrated Meta AI on the Ray-Bam Meta Smart Glasses. Users can say “Hey Meta” and get the information they want or control the glasses’ features through this. However, Meta AI features will only be available in the US as a beta.
Meta is definitely stepping up the game to create products that will be on par with or even be greater than smartphones. Will you swap your smartphone for these glasses?
A mother from Cebu City is earning praise and gratitude from online citizens after a video of her went viral. In a TikTok video by uploader Lyn Baclayon, she shares footage of a mother fanning her child sleeping in a compartment of her food cart while making ends meet.
Photo from Lyn Baclayon on TikTok
“My heart melts (emoji) MAMAS LOVE will always the best (heart emoji) Godbless you ate!!”
Lyn Baclayon said in her caption.
The mother was captured on video during Barangay Tisa’s Siomai Festival last Sunday, September 24, 2023. As of writing, the video has over 10.6 million views, 1.2 Million likes, 2769 comments, and 55.6k reads.
Mothers show their love in the smallest gestures possible. However, their acts create a significant impact. Kudos to all mothers who show undying love for their children and family. And kudos to the mother on the viral video; you are indeed a supermom!
Whether we like it or not, AI (artificial intelligence) is something that we need to master if we want to upskill. Luckily, google is offering courses on learning more about AI and information technology as a whole.
Photo from Unsplash
Google PH announces that they will launch a free AI course for Filipinos to develop their skills. The Course will be launched through Google Cloud.
According to Yves Gonzalez, Google PH’s head of Government Affairs and Public Policy,
“Anyone can access this anytime, anywhere, at no cost. The courses feature a wide array of topics, including the difference between generative AI and other types of AI, responsible AI and machine learning, and much more.”
Photo from Unsplash
Through the courses, Filipinos can show how proficient they are in AI, which is an in-demand skill. Furthermore, Google PH will launch three more courses in its Google Career Certificates program, such as Business Intelligence, Advanced Data Analytics, and Cybersecurity.
Google Cloud will also offer early-stage AI startups with up to P20 million worth of access to cloud credits. Gonzalez stated, “With this, early-stage AI startups can access Cloud credits of up to $350,000 over two years. The program provides access to AI experts, training, and networking opportunities.”
This year, Google PH has granted up to 1,000 Google Career Certificate scholarships. Google partnered with the Department of Information and Communications Technology and NGOs.
Photo from Unsplash
Progress and change are part of life, even when it comes to the work setting. Take this as a sign to learn and upskill; in the end, it’s you who will benefit.
Besides the exhibits and hands-on workshops, fun traditional recreational activities were re-introduced during the week-long celebration of BambuFest held at Ayala Center Cebu from September 18 to 24, 2023.
Mallgoers were able to test-ride a bamboo bicycle; play with a bamboo kariton, a traditional toy made of a bamboo pole approximately two meters long with wheels usually made from old rubber slippers; and fire a bamboo gun, also known as luthang, in a shooting booth which looked like one of those stalls you find in carnivals. Some have also tried their hand at weaving at Tubigon Raffia Gallery booth.
Organized by the Philippine Institute of Architects – Cebu, headed by Architect Bryan Auman, BambuFest aims to elevate bamboo from a simple plant to a symbol of sustainability, innovation, and cultural heritage.
“In this event, we aim to highlight the importance of bamboo as a sustainable and eco-friendly material in modern design,”
said Auman.
On its first day, a bamboo cutting ceremony was held (with the use of some handy power tool), instead of the usual ribbon cutting, to usher in the series of week-long activities. A Bamboo Tensegrity Dome, which measures 4.5 meters in height and 9 meters in diameter, was also assembled live at the venue – a testament of bamboo’s versatility and strength as a material.
Exhibits featuring paintings of bamboo also filled the mall’s Activity Center. Fashion pieces, handicrafts, and even ornaments in time for Christmas, all made from locally sourced materials, were on display. Tarot reading and workshops on bamboo lamp making, bamboo lashing, and amakan weaving were also made available to interested mallgoers.
Known as “bamboo whisperer,” Auman, who spearheaded the event, has always been fascinated with bamboo growing up because of his grandmother’s bahay kubo that always seem to give off a refreshing ambience, with its amakan walls and lipak flooring.
This has led Auman to pursue architecture; he even got his master’s degree in architecture in Institut Teknologi Bandung in Indonesia, wherein he majored in bamboo research.
“I got to really immersed myself in Indonesian culture and to fully understand what Indonesian Bamboo Architecture feels like. Now that I’m back in Cebu, I’m want to share everything I learned to all Cebuanos,”
he said.
A platform to local weavers
This event has also served as a platform for local weavers from Raffia Gallery in Tubigon, Bohol, to present their craftmanship and even taught some mallgoers a thing or two about weaving.
“Joining trade fairs and events such as this is very vital for a business like ours for this is where we can find potential buyers. Though our products are mainly made out of buri, we have been also incorporating bamboo into our handicrafts,”
said Maria Trina Sumayang of Raffia Gallery.
As per Auman, BambuFest will serve as an avenue for Bohol local weavers to showcase their invaluable skills and products, making sure that the craft to not only survive but to also thrive in the modern world.
“This will give more livelihood opportunities to our backyard industry in Bohol,”
said Auman. Bohol bamboo weavers are mostly composed of women in the community.
From its humble start as a bamboo bike building workshop last year to this week-long list of activities, Auman assures that BambuFest is just the start of something bigger, to help educate, inspire, and foster a deep appreciation for a remarkable material such as bamboo.
Unlock the Secrets: Cryptocurrencies Soaring in the Philippines Don’t Miss Out on the Hottest Trend! Discover Key Insights Now!
One hand holds a crisp $20 bill, while another hand holds a shiny Bitcoin.
When the crypto industry burst onto the scene back in 2009, its creators could not have imagined just how big the industry would grow over the next few years. Crypto has taken the world by storm, with many countries embracing it with open arms.
One such country is the Philippines. Sometimes referred to as the crypto hub of Asia, 6.13% of the total population of the Philippines (a staggering 7 million Filipinos) now own cryptocurrency.
Unsurprisingly, Bitcoin is the most owned crypto in the Philippines, making it the perfect place to enjoy some online gaming on the bitcoin casino. Men are more active in the crypto industry than women, and most of them lie within the 19-34 years age bracket.
This article will look at how this small Asian country has embraced cryptocurrency, the current crypto landscape of the country, and what the future has in store for Filipinos in the crypto industry.
The Philippines Has Embraced Cryptocurrency
Photo from Unsplash
Reports across the world have shown that the Philippines is one of the fastest- growing crypto industries on the planet. One possible reason for this surge in interest in crypto is the recent Covid-19 pandemic.
The period of mandatory isolation, and the added threat of people’s livelihoods, forced enterprising Filipinos to seek other avenues for investments. Crypto emerged as a possible viable investment option, especially among the younger generations.
Crypto was adopted so fast in the Philippines that the country is now on par with early crypto adopters, such as Nigeria and Vietnam. Evidence of this can be seen in the country’s integration of crypto in ATM networks, gaming rewards, and rural banking integration.
Why were Filipinos (and so many other demographics across the world) so quick to adopt cryptocurrencies? Well, while every investor has their reason for getting into crypto, the following are the most common reasons:
● Transactional Freedom
Being a decentralized currency, crypto offers investors unapparelled transactional freedom. When you are a member of the peer-to-peer crypto community, you have complete control of your financial assets, which is something fiat currency holders can only dream of.
● Long-term Store of Value
With many cryptocurrencies having limited minting, the demand for the currency is likely to grow as the years go by, which makes it a solid candidate for long-term investments. It’s also insulated from inflation due to no political powers having power over crypto, meaning you can store it safely for a long time without it losing any value.
● Safe Transactions Despite Fewer Interventions
The improvements in blockchain technology and cryptographic algorithms have ensured swift and secure transactions between crypto investors. There is also a low risk of third parties having unauthorized access to transactions, making such transactions quite safe.
Domestic Support and Crypto-friendly Regulations
A 2016 decision by the Philippines’ Central Bank (Bangko Sentral Pilipinas) to regulate crypto exchanges and ask them to register as remittance and transfer financial institutions transformed the crypto landscape in the country forever.
Photo from Unsplash
This friendly move by the BSP has led to at least 16 cryptocurrencies being approved and regulated by the central bank, with that number set to increase. Reports have also emerged that the Philippine Stock Exchange (PSE), has also shown interest in embracing cryptocurrency transactions, a move which would further solidify interest and trust among investors.
There have also been reports that the BSP is interested in further developing the country’s crypto interests by developing an independent central bank digital currency to oversee all of its crypto interests. Surely this is a long-term goal that may still be many years away, but the fact that the Philippines is one of the first countries in the world to take such an initiative shows the level of its commitment.
According to the Philippines News Agency, digital currencies are being used to help boost the country’s economic activities. Metropolitan areas in the Philippines, such as Cebu City, are taking steps to explore their options in the digital market. The city recently launched a joint venture with the Filipino-Korean firm C Pass Inc., to discover practical uses of crypto, such as allowing the city’s residents to settle City Hall payments using the city’s stablecoin, called C PESO.
Furthermore, the Philippines has given citizens access to the digital wallet G Cash, which can be used to buy, sell, and store crypto. Using this wallet, mobile remittances can be made from Canada to the Philippines, with the platform offering plenty more opportunities.
Filipinos Are Optimistic but Still Cautious
In 2022, El Salvador became the first country to adopt Bitcoin as legal tender for any transition. The European Union, USA, and Japan have also recognized the legality and financial value of cryptocurrencies.
Photo from Unsplash
The Philippines, on the other hand, has shown a lot of optimism but has yet to completely accept crypto as legal tender. There is still a lot of caution mixed with the enthusiasm. However, considering the fact that the first half of 2021 saw a 362% increase in crypto transactions, the authorities may soon become less cautious.
With transactions reportedly worth P105.93 billion being conducted in the first half of 2021, the Philippines is currently the fifth-ranked country in terms of crypto ownership. The day is fast approaching when the Philippines may be one of the best places to invest in crypto. If you are thinking of developing online crypto games like slots, this could be a hidden gem worth considering.
The Future of Crypto in the Philippines
With the central bank and other government agencies endorsing the use of cryptocurrency in financial transactions, it seems that digital currencies have a bright future in the country. One of the most encouraging facts is that the biggest supporters of using cryptocurrency seem to be the younger generation.
Photo from Unsplash
Even after enduring the recent global crypto crash, interest in digital currencies is still strong in the Philippines. As long as the government continues to support crypto and launch further initiatives to help residents adopt it as a viable transaction method, the industry will continue to grow at an exponential rate.
