Exclusive Q&A with Miguel Cuneta: Bitmarket.ph
The Philippines, a prime market for cryptocurrency. Problem is, very few people have heard of it there. How would I know? I’m Filipino myself, and only now is the seeds of Bitcoin adoption happening. A big part of moving Bitcoin adoption forward is getting merchants to start accepting it, brick and mortar as well as online shops. That’s where bitmarket.ph comes in. 1. How did Bitmarket.Ph come about? A little background about the founders of the company. We are composed of four Filipino businessmen and entrepreneurs more than 50 years of combined experience in many local industries and....
Related News
Joe Maristela, a healthcare entrepreneur, has invested $100,000 in Satoshi Citadel Industries (SCI) and has challenged other traditional business owners to follow him by investing in Philippine technologies. SCI is an umbrella firm for seven Philippine bitcoin companies, including Rebit.ph, a remittance service, Bitmarket.ph, a bitcoin payment processor, and the recently-acquired BuyBitcoin.ph, a bitcoin exchange. SCI's mission is to increase bitcoin adoption in the Philippines through the creation of solutions that realize the full potential of bitcoin technology. Believing in a mission.....
Aislinn Wish Leoncio-Apilado is a baby in the Philippines who needs a liver transplant. Miguel Cuneta, a bitcoin entrepreneur in the country, wanted to help. Cuneta, co-founder of payment services startup Bitmarket.ph, had already successfully raised enough in bitcoin donations to buy 20 boats for fishers who lost their livelihood in 2013's Typhoon Haiyan. Anxious to demonstrate again bitcoin's potential for doing good, he helped Aislinn's family set up a bitcoin wallet and spread the word on a Facebook group and reddit. Soon 3.4BTC had come in, delighting the family. He said: "Raising....
So again Bitcoin is revolutionizing the industry, potentially putting popular services like Western Union and Xoom bankrupt when Bitcoin really becomes mainstream. In comparison to the aforementioned companies, Rebit charges a 3% fee for remitting, on top of fair exchange rates. That’s it. Take a look at this graph comparing services. The entire process is a breeze as well. The sender just fills out a form deciding how much he/she would like to send and to whom to send. The sender can choose from a wide array of delivery options from the fastest option literally taking minutes to complete....
The forum’s billed as, “The Power of Bitcoin.” The forum will be hosted by influencers in the Bitcoin ecosystem of the Philippines. On the legal side, Attorney JJ Disini discusses regulations, compliance, and the future of Bitcoin as a regulated—and perhaps, legal—financial medium. On the investment and startup funding side of things is angel investor Joe Maristela. He’s been avid promoter of Bitcoin in the Philippines, and has invested in several Bitcoin products, including Rebit.ph. He’ll talk about the potential windfalls of leading in the frontier of this space. John Bailon is a....
What is the future of Bitcoin under the new president of Philippines? The current political landscape of Philippines has caught everyone’s attention. The so-called war on drugs, gambling, and what not by the country’s new president Rodrigo Duterte, has allegedly turned the country into a wild west. Now, with vigilantes and police cracking down on some of the things involving frequent Bitcoin transactions, will the digital currency itself become the next target? Maybe not, says Miguel Cuneta, the co-founder of Satoshi Citadel Industries — a significant player in the cryptocurrency industry.....