STEEM Apps, Growth and Economy in the Philippines

in steem •  last year

Greetings Steemit and Steem Community!


Hey guys, I've been out for a while since I was working on a little something. It might take a lot more time, however here's a little update on what will possibly help Steem as a currency. As most of my followers will know, I am from the Philippines, a beautiful, however third-world country in South East Asia.

That being said, our economy is slightly poor. The exchange rate of US Dollar to Philippine Peso, is around 1:50. Most of the entire country is un-banked as well, however, around 90% have mobile phones. Bringing STEEM closer to these people is very beneficial to how people live their daily lives. The internet in the country is quite slow compared to the rest of the world, however we are still known as the Social Media Capital of the world. Now imagine the following:

  1. More Filipinos used Steemit: the huge surge of people blogging would bring more social value to the platform, more and possibly even better content coming in from the country.
  2. Usage of SBD: Payments in these small shops and businesses can be done using the Steem blockchain, boasting 0 transaction fees and supposedly pegging in 1 USD.

That being said, I thought of capitalizing in the opportunity and got to talk to my friends and family regarding what we could do, and eventually we agreed on taking a chance.


Image from Naga-Cebu.com

STEEMPay (to be named soon)

This is going to be an entire startup which will create several mobile merchant solutions for Filipinos, and at the same time peg SBD to 1 USD. At the moment, I am doing talks with angel investor and trader Howie Ross Valino. He understands that Filipinos could make use of an easier merchant solution that does not take fees.

In addition to support for the payment processor, Howie expressed his interest in adding a Steem/USD Crypto market into his brokerage, live this July

Currently, I'm the only developer working on this, however if talks to push through, I will be able to start with step one, which is a mobile wallet with a QR Code scanner and generator, and calculator. In other words, a mobile POS that works by directly manipulating a Steem account on the blockchain. This POS System will be released for free to allow anyone to accept SBD in their establishments, and soon it can be connected to our system to convert into Pesos 

Hopefully in the future, we'll be able to integrate Steem and more cryptocurrencies within the Philippines' economy and pave the way to a brighter future for both the Steem community and the masses of the Philippines.

Anyone is free to help and contribute!

You can contribute first and foremost by Resteeming and Upvoting my post! I'd love for this to reach many more people in this community, and definitely, one day we can branch out and use the same system for the rest of the world!

As a Python developer, you can also help me out as we make the actual applications that will be used for the merchants. UI/UX Developers are also welcome. We would like to roll out these apps as soon as possible to allow people to first accept SBD, and next in the line is us converting it into Peso with a value of 1 USD. 

As investors and/or donors, please do contact me through Discord, you can see me on Whaleshares Discord as @emerge. I'm still looking into ways to raise funds, since we'll be needing funds to convert Steem Backed Dollars into Pesos for SME Merchants.

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Great work!

Congratulations! This post has been upvoted & resteemed by @philippinetrail. We thank you for any support that you can give (Upvote, resteem, donate, delegate, or even comment). Join our Facebook Group if you're a Filipino or living in the Philippines.

Please upvote this comment so we can continue to build this account if you like this initiative.

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Please follow me

This post has been upvoted by @teamphilippines . Thank you for supporting our TeamPhilippines Movement by upvoting, resteeming, delegating, or donating to this account to allow us to support our growing team more and more each day!

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Please follow me

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looking at hand* putting out hand for funding*

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You are awesone. I checked through your profile. Am following. Please read and upvote https://steemit.com/eos/@bewajijohnson/multi-billion-organization-are-also-entering-ico-market

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Please follow me

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Fuzzyvest, you've been around along time (relatively speaking). Thanks for some votes in the early days. I'm grateful for any support this past year.

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Please follow me

Wow love your initiative. great to know that someone is diving deeper into this.

So impressive. Very exhaustively, you pointed every important part of steemit. Compared with my country(Bulgaria) steemit is really more integrated and accepted by the society as the SBD is. Continue improving yourself and making such kind of good articles.

This is great.

Cool! will this be similar to coins.ph?? what's the minimum funds can we give?

Upvoted

Very positive article. Thank you. Success to you in your positive work.

@emerge is definitely be open to helping. I'd love to see the application of this here in the US.

How are things going with this?

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We're almost done already! ;)

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That's great! Can you pm me on discord? Thanks! Same name.