Updated exchange rates Store of value footnote This research also lead me to the most immediate huge opportunities in the BTC space: 1. Remittance payments : This only makes sense with a global currency, it's also a 500B a year market. Western Union is f---ed, if you catch my drift. 2. Micro-transactions : Nearly no transaction fee means you can pay 5 cents for an article. If publishers and media adopt Bitcoin as a payments method, it would help get widespread adoption of BTC. 3. Inflationary economies : Argentina, Cyprus, Venezuela... all great opportunities to find uses for Bitcoin. 4. Making Bitcoin easier to use, still not simple enough for most people. Exchanges are obviously a large opportunity as well. purpose of this circular is to foster the development of efficient and convenient retail payment and fund transfer mechanisms in the Philippines. The circular aspires to provide the necessary safeguards and controls to mitigate risks associated with an electronic money business. The circular provides guidance on the requirements of electronic money issuers, and also provides sanctions for the violation of such requirements.