. Estimates showed that 40% of the game’s player base came from the developing nation. According to Lim, this introduced a lot of Web3 concepts into the country, such as the creation of crypto wallets.Since then, the BCP executive said there’s been a lot of interest from global players to set up their projects in the country. “We saw that around the world, there are a lot of the international organizations that have been wanting to penetrate the Philippines,” he said.
According to Lim, these organizations could flourish in the country, not just because of the demographics, but also because of the government’s stance on crypto and blockchain. He explained: “We have an open government, I would say. We don’t have a government that’s been wanting to shut us down. And therefore, we feel that any blockchain project or Web3 project has all the opportunity to flourish in the country.”
On June 8, Cointelegraph spoke with Ethan Rose, founder of Pouch — a wallet service that supports the Bitcoin Lightning Network in the Philippines. According to Rose, it has managed to
Lim told Cointelegraph that as the BCP recognized that the world was moving toward Web3, it organized an event called the Philippine Blockchain Week and found that there’s an entire ecosystem in the country looking to “find their place in the world.”
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: BTCTN - 🏆 531. / 51 Read more »
Source: Gizmodo - 🏆 556. / 51 Read more »
Source: BTCTN - 🏆 531. / 51 Read more »