In this exclusive interview with BitPinas, the BSP discussed the challenges of 2020, its position on cryptocurrencies, virtual asset service providers in the country, and the key benefits for international crypto companies if they register in the Philippines.
Peter: We believe in the narrative that games will be the biggest driver of mass adoption for blockchain and crypto. Play2Earn is not only limited to games but encompasses the NFT space too, including digital collectibles, virtual worlds, art and multitude of other opportunities.
Ken: I have high hopes that one day, we will be having a mass adoption of blockchain technology here in the Philippines not just limited to banks.
Diane: We do look forward to seeing how blockchain changes the way we conduct business. Any paradigm shift is an opportunity to communicate and mount an exciting information campaign for the public or for a smaller set of stakeholders.
Gabby: 2021 is when crypto products in NFTs and DeFi will truly reach the mass market – the application layer is now good enough that normal users will start interacting with dapps not fully knowing that they are blockchain applications.
Colin: I am just more excited about the home grown PH crypto scene really coming into its own this cycle and having a much more collaborative tone than in prior bull market years. It’s a great community and I think it can do a great job spreading the word about crypto throughout the Philippines.
Paulo: As I’ve always believed – people don’t really need to understand how crypto or blockchain works to adopt it — they just need to be comfortable using it.
Nathan: Play to Earn made learning about crypto approachable to a new community who may not have previously bothered. It seems to have put the Philippines into the heart of a global conversation about crypto adoption – which is exactly where the Philippines should be.
Tracy: BlockDevs Asia is looking forward to educating more and more developers online and in person.
Spock: I believe that 2021 will be one of those years where you can make generational wealth in crypto, regardless of whether you are an investor, builder, or user. There will be plenty of opportunities for everyone, it is now a level playing field, so I look forward to going to the moon with all of you.