We talk a good game, don’t we? All of us in Manila that are into startups and tech, valuations and acquisitions—It’s easy to get carried away with how clever a solution such as a Bitcoin based application could be, in and of itself. But how much of an effect do the clearest, largest players in Bitcoin really have on society writ large?
Ronnie is an avid Bitcoin enthusiast. He freelances as a writer for several Bitcoin publications, including CoinTelegraph of course. He's a Systems Admin for a Healthcare BPO in Manila, Philippines.
CoinTelegraph.PH was the title sponsor to YouthHack Manila the other week— And boy, were we all impressed. Teenagers, kids in high school and at the university level, were involved in all kinds of projects and even full-fledged startups. And it’s great that they brought their A-games because the event was well attended by local incubators, accelerators, and even a few angel investors.
One of the biggest conferences of tech startups in Asia was held on July 31st: Rise. The usual suspects were in attendance, all there to try to cash in on the opportunities in the Asian regions. Similar to the conference in Las Vegas the other month, Collision, Rise attracted exhibitor startups across an expansive set of niches and industries, from cryptocurrencies and Bitcoin to social media apps for tweens.
Mining’s a huge issue here in the Philippines: politically, in terms of the natural environment, and as well as, of course, financial and economic terms. CoinTelegraph.PH hangs out at a number of spots in Makati City where private bankers, commodity traders, and of course, Bitcoin startup founders like to congregate. The two worlds—traditional finance and the Bitcoin community—don’t always jive, but invariably, they cross paths.
CNBC recently asked, “How bad would it be for the economy of the Philippines if remittances were to dry up?” They proceeded to sign economic indications that this is indeed the route that the Philippine remittance market is headed down—slowing growth in remittances from key remitting markets, such as the U.S., elsewhere in Asia, and other regions.
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