At Bootstrap Manila, bitcoin startups & investors revealed that 20 percent of remittances from the Philippines to South Korea are processed using Bitcoin.
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Rebit News
There are several Rebit definitions, which can be confused with each other — such as the popular Rebit software and Rebit.ph, a Bitcoin network service. Rebit.ph is a brand of Satoshi Citadel Industries, which is based in the Philippines and is a company for ventures related to Bitcoin. It was founded in 2014. Rebit is currently headquartered in Makati, Philippines. The main goal of Rebit is to provide access to financial services via the Bitcoin network for those in inaccessible places and unbanked people in the Philippines. As the Philippines is the second largest recipient for remittances in Asia, the remittance service of Rebit has grown in popularity, as it has special Rebit tools that are understandable for everybody — from newbies to specialists. The service aims to provide a transparent money transfer service with comparably low operational costs.
Cointelegraph has used, tested, and evaluated the top 3 Bitcoin platforms in the Philippines - Coins.ph, BuyBitcoin.ph and Rebit.ph. Here is a detailed review of each of them.
86127Bitcoin utility payments are not very popular at the moment. Most such services are designed for users that are already familiar with Bitcoin.
1698Philippines-based universal Bitcoin company Satoshi Citadel Industries’ startup Rebit.ph has partnered with Shapeshift.io, enabling its users to send remittances using altcoins supported on the Shapeshift platform.
754Instant cryptocurrency exchange ShapeShift has completed its fund-raising of US$1.6 million; Nick Szabo says banks must go permissionless to get all of blockchain’s benefits, and more top stories for September 9.
538In an ongoing trend of Bitcoin companies withdrawing their services from New York in response to the BitLicense, two more businesses have exited the Empire State.
1391Hong Kong-based Bitspark has just announced the world’s first end-to-end cash remittance service that’s transferred via Bitcoin using ReBit. The service caters to Hong Kong’s large population of Filipinos who regularly use services like Western Union and Money Gram to send funds back to the Philippines.
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