Altcoin Remittances Arrive: Shapeshift.io Partners with Phillippines’ Rebit.ph
Philippines-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. Satoshi Citadel Industries CEO John Bailon announced: Shapeshift.io, an instant crypto to crypto conversion platform, currently supports 46 cryptocurrencies including Counterparty’s XCP, Ethereum’s Ether, Litecoin, Dogecoin, and Monero. Rebit.ph users may use any of Shapeshift’s supported coins to send money back to the Philippines from abroad. “We are excited to be able to....
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Luis Buenaventure, co-founder of one of the best known bitcoin remittance companies in the space, Rebit.ph, has published a blog post on Medium claiming that the cryptographic currency does little to help cheapen remittances. Bitcoin remittances, better known as "rebittances" (a term Buenaventure claims to have popularized), allow customers to send cash to friends or family abroad. Effectively, this means that only the rebittance service itself uses bitcoin, both the sending and receiving end of the transaction merely touch cash. Since it is cheaper to send bitcoin around the globe....
Over the past year, bitcoin startups in the Philippines and Australia have begun to target day-to-day expenses and remittances; markets that are in desperate need of instantaneous, secure and cost-effective payment systems. Startups including Australia-based Living Room of Satoshi and Manila-based Rebit.ph, also known as the parent company of Bills Ninja, have been trying to educate the global population to use bitcoin in day-to-day expenses, such as paying utility bills and settling bank payments. Paying Bills with Ease. Earlier this year, Rebit.ph acquired bitcoin bills payment platform....
Instant altcoin exchange ShapeShift.io chose to remove PayCoin from their platform. Today, altcoin exchangeShapeShift.io formally removed PayCoin (XPY), GAW CEO Josh Garza's controversial altcoin, from their list of accepted coins. Citing PayCoin's (alleged) broken promise to buy PayCoins at $20 each, ShapeShift considers PayCoin a fraud. Also read: Coin-Swap Retires Some Altcoins. PayCoin Delisted from ShapeShift.io. ShapeShift made the announcement in a Reddit post. They explain that they originally added the coin due to customer demand but decided to remove it after allegations that....
The Philippines is a home to some of the industry’s most innovative startups including Coins.ph and Rebit.ph, that enable cost-efficient remittances from their home country to international recipients. At Bootstrap Manila, Bitcoin startups & investors revealed that 20 percent of remittances from the Philippines to South Korea are processed using Bitcoin. Coins.ph recently secured a $ 5 mln investment from former Google CEO Eric Schmidt’s fund, due to their unique approach that instead of competing with banks and existing financial services, it would be more beneficial for its users to....
ShapeShift.io, an instant Bitcoin and altcoin exchange service, has partnered with CoinPayments.net, a cryptocurrency checkout system for merchants, through the integration of the ShapeShift API. The integration powers CoinPayment's platform to allow merchants to receive various cryptocurrencies and automatically trade them for their digital asset of choice. About CoinPayments. CoinPayments provides an easy to integrate checkout system for cryptocurrencies such as Bitcoin and Litecoin with low fees. The website has a community of over 12,000 merchants in 140 countries. Integrate with your....