Most of the Filipinos are afraid in using and buying cryptocurrencies because of the news that they often hear in the mainstream media that cryptocurrencies are use for scamming. This has made Filipinos to reject cryptocurrencies.
But in this challenging times, that we are looking for something that is secure for cashless transactions. Cryptocurrencies would be the best thing to use but the problem is that the people does not trust it. So what flustered instead is the mobile wallets in which carries electronic fiat instead.
Scammers have hindered the progress on the usage of cryptos in the country. They see it either as a scam or it is too technical for them. The best time to spread the usage of this in the country is now and the best thing to do is to catch those scammers and educate the people.
Cryptocurrencies are not made for investment but as a medium of exchange. We can consider them as investments but always remember that you should study first about them if you are going to invest them. Some of the nonbelievers are those whose money have burned because the unintelligently invested in a cryptocurrency.
