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Paypal vs Bitcoin: A Filipino Tragedy

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How Bitcoin can save freelancers in the Philippines money that really matters. This is fun example to show how much people can save by accepting Bitcoin instead of using PayPal.

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Paypal vs Bitcoin: A Filipino Tragedy

  1. 1. Bitcoin for PHILIPPINES
  2. 2. Meet James
  3. 3. He freelances in the Phillipines
  4. 4. One day I needed James to resize 41 images. 12 cents per image $5 total
  5. 5. I asked James if he would take Bitcoin.
  6. 6. “Sure, as long as fees are less than PayPal boss”
  7. 7. trust me and then I…
  8. 8. Sent 5 3.75 2.5 1.25 0 $5 $5
  9. 9. and james
  10. 10. received 5 3.75 2.5 1.25 0 $4.48 $5
  11. 11. but wait I forgot about one image, so I…
  12. 12. sent 0.13 0.098 0.065 0.033 0 $0.12 $0.12
  13. 13. and james
  14. 14. 0.13 0.098 0.065 0.033 0 received $0 $0.12
  15. 15. PROOF
  16. 16. The Philippines is home to over 1,000,000 Freelancers
  17. 17. Most freelancing pinoys find jobs on these sites.
  18. 18. 2013 Philippine freelancers earned $76 million on this site alone.
  19. 19. fees add up $1 USD = 44.53 PH
  20. 20. “Wow, I need to spread the word”
  21. 21. tweet it

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