The Dawn of Digital Coins: A Literature Review on Cryptocurrency in the Philippines

Authors : Jeffrey John R. Yasay

Volume/Issue : Volume 6 - 2021, Issue 5 - May

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This analysis of the literature aims to shed light on the Philippines decision to follow the alternative currency scheme. Limited knowledge of cryptocurrencies, as well as knowledge of where to find required block chain wallets on the internet, is now a challenge. Philippines has legalized the used of cryptocurrency approved by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines). It is also used for banks especially by the money transfer outlets that are established in the country. There are popular crypto coins in the Philippines it includes the Bitcoin, Ethereum, XRP, and Bitcoin Cash, this cryptocurrency accepted from various embellishments. Study found out that the prices of cryptocurrency are volatile in nature and it is expected to be at high peak exchange or low peak exchange. It is also noted that central organization of this currency adopt in this technology thru centralized establishments

Keywords : Cryptocurrency; Bitcoin; Bitcoin Cash; Etheruem; Ripple; Exchange


Paper Submission Last Date
30 - September - 2021

Paper Review Notification
In 1-2 Days

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