MetroDeal, the Philippines' Top Daily Deals Site, Now Accepts Bitcoin

The second biggest e-commerce website in the Philippines is now accepting bitcoin for its discount vouchers and coupons.

AccessTimeIconMar 17, 2014 at 3:11 p.m. UTC
Updated Sep 14, 2021 at 2:08 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Asia-based daily deals giant MetroDeal, the number two e-commerce website in the Philippines according to Alexa rankings, is now accepting bitcoin for its discount vouchers and coupons.

Founded in early 2011, MetroDeal has seen a meteoric rise in popularity among the Philippines' 33 million active Internet users. It achieved annual revenue of $18m in 2012, and was projected to top $20m in revenue in 2013.

MetroDeal follows a template similar to US-based daily deal giants such as Groupon and LivingSocial. Deals run for a limited time and offer consumers deep discounts from a wide range of merchants.

The company trails only Rocket Internet-funded startup Lazada, which recently raised $250m in its Series E round, in overall site visitation among commerce websites.

MetroDeal is accepting bitcoin through a partnership with, a bitcoin exchange and bitcoin merchant directory provider serving the Philippines.

Founded by Ralph Wunsch, a former marketing manager at Austria-based discounts site Daily Deal, MetroDeal was reportedly designed from a public computer at a local McDonald's franchise before quickly taking off.

Checkout process

To purchase with bitcoin on MetroDeal, buyers first choose their desired deal and select "Buy Now!"

Screen Shot 2014-03-17 at 10.12.13 AM
Screen Shot 2014-03-17 at 10.12.13 AM

Buyers must then log in with Facebook or with an email account before picking a payment method. Available options include credit and debit cards, bank deposits and bitcoin.

After selecting the bitcoin option, buyers simply scan the QR code and send payment to complete their purchase.

Screen Shot 2014-03-17 at 10.19.35 AM
Screen Shot 2014-03-17 at 10.19.35 AM

Bitcoin in Philippines

The news of MetroDeal's acceptance comes in the wake of a warning from Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, to its consumers about the use of digital currencies.

BSP listed a number of concerns about the use of digital currencies, including their high volatility and lack of consumer protections, as well as the absence of regulation imposed on businesses servicing the emerging sector, in its statements.

Though the local community is small, the Philippines holds substantial untapped potential for bitcoin.

One of the largest potential use cases for bitcoin in the Philippines remains in the remittance market. In 2013, the country's international workers sent nearly $14bn to family members back home, often paying a substantial price through the traditional financial system for doing so.

Given MetroDeal's size, it could prove effective at raising awareness for bitcoin and its potential in the country.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.