For a long time, the Philippines economy was below average and developed solely through agriculture. However, the surge in the popularity of cryptocurrencies has attracted the attention of local residents who have become interested in using digital payments. At the moment, investments in cryptocurrency in the Philippines have reached a historical maximum, which is an indicator of a progressive outlook on the development of the banking sector.
More than other digital currencies, Tether is in demand, providing users with protection from price volatility, which most decentralized cryptocurrencies are subject to. Tether is officially registered and approved by the country, and any projects built on the basis of a stablecoin are freely accepted by the state and its citizens.
A properly selected service for the exchange of cryptocurrencies helps to work correctly with Tether. Itez is a service from the Estonian regulator that allows users to avoid the high commissions and an unfavorable exchange rate, thanks to which the purchase of digital currency becomes available not only for advanced users, but also for novice users.
In order to buy Tether, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of USDT based on the amount you plan to use for payment. The smallest purchase amount in dollar terms is 30 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €30. Well, in our instructions, as promised, we will go through all the stages of purchase USDT for dollars step by step.
After converting the currency to USDT, you will see the final result in the "You Get" field and on the "Buy" button. Click the button and enter your email address in the following window.
Confirm your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.
Specify the purchase amount in the Itez dialog box. Copy the recipient address - your USDT wallet - from the “Accept” section.
Important: you should not manually copy the USDT wallet address. The blockchain system does not give any information about USDT addresses problems, and if an error occurs during manual entry, all the buyer's funds may be lost.
For example, this is how the copy address button looks like in the Exodus wallet:
After copying the USDT wallet address, paste it into the dialog box.
Check your data — it is important to make sure that the address is entered correctly.
After pushing the “Card details” button, enter the required card information: card number and expiration date, the cardholder name and CVC-code — three numbers on the back of the card.
Push the “Pay” button and enter the one-time bank code in the following window.
After making a payment on the Itez website, you will immediately be able to see the Tether in your wallet.
The transaction will first wait for confirmations from the blockchain network.
As a rule, this happens quite quickly and in most cases takes no more than a few minutes.
Currently, the economic sector of the Philippines sees the prospect of strengthening the position of cryptocurrencies in the state. The country has a system which includes the universal comprehensive and the private banking services, attracting users from all over the world. Branch offices of foreign banks located in the Philippines actively work with Tether, however, in addition to them, BPI, Hua Nan Commercial Bank Ltd., BDO Unibank, Banco de Oro, Metrobank and other local banks are also ready to cooperate with cryptocurrencies.
In the Philippines, the local electronic systems are widely used, that provide users with direct access to the digital payment services, including international money transfers and transfers within the country, as well as bill payments and online purchases. Such systems include GrabPay, GCash and Coins.ph, however, the well-known Visa and MasterCard are no less in demand in the Philippines, which brings the state closer to the widespread introduction of cryptocurrency and independence from the financial market.
To store Tether, as well as other digital currencies, special electronic wallets are provided. Each of these wallets has advantages and disadvantages, which you can familiarize yourself with and choose the most suitable cryptocurrency wallet using the link below: https://cryptowallet.com/best-tether-usdt-wallets/