Categories: Cryptocurrency

Philippines ranked 5th in Bitcoin volume by currency

Yep, you read it right. The Philippine currency (PHP / Pesos) ranked 5th in the BTC volume by currency, worldwide. With total BTC volume of 2B pesos, next to Korean Won, Euro, USD and Japanese Yen. The Philippines is not that poor after all.

Currently driving. Will post more details later… (I can’t resist to make a blogpost while on the road, becuase I was surprised PHP reached top 5 by BTC volume, vs a few weeks ago when PHP didn’t even make it to the top 100).

TBU later…

UPDATE: After a few hours, 1B pesos worth of BTC was pulled out by one individual, resulting to a $100 BTC price drop and rank change of PHP currency in the BTC volume ranking from top 5 to top 6. Hong Kong Dollar now holds the top 5 spot.

Screenshot when PHP was top 5:

Checkout the live Market Analysis at https://www.cryptocompare.com/coins/btc/analysis/USD

More from my site

jehzlau

I'm a newbie web developer

Share
Published by
jehzlau
Tags: Bitcoin

Recent Posts

Bobby Urban Unboxing

My Bobby Urban finally arrived and I'm speechless. Kudos to XD design for yet another awesome Anti-Theft Backpack that will…

May 23, 2018 8:42 pm

Convert your WordPress blog into a mobile app for free

If you're already an expert in "Progressive Web Apps" and you already have a mobile app version of your WP…

April 7, 2018 10:50 pm

Where to withdraw your Bitcoins in PH after the SegWit2x Hard Fork this November?

If you're using Coins.ph to convert your BTC to Philippine Pesos like me, then you won't be able to use…

October 22, 2017 4:27 pm

Poloniex 101: Newbie’s Guide to Buying and Selling Cryptos in Poloniex

If you're already trading cryptos, then this post is NOT for you. This is a quick guide for those who…

August 30, 2017 11:39 am

Why you should NOT buy Bitcoins from Coins.ph

I love Coins.ph, it's convenient to buy mobile load, pay bills, and to send cash to anyone even without an…

May 23, 2017 11:15 pm

Buy Ethereum’s ETH/ether in the Philippines

February 1, 2018 UPDATE The ETH wallet in the coins.ph Android app is now open for public beta testing. If…

May 1, 2017 12:28 pm