Rebit.ph: Sending Money has never been easier!
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....
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When I first interviewed Miguel regarding Rebit, I was intrigued not just from a journalist standpoint, but as a Filipino. Sending money is quite expensive, especially when using conventional services, such as Xoom or Western Union. So when Miguel agreed to allow me to test the service, I was thrilled. Bitcoin is a great candidate for remittance, as the low fee required to send (known as the miners fee, currently around $0.06) and the near-instant transaction speeds fix traditional remittance services downfalls. The process is just as easy as it is explained in my interview with Rebit, I....
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....
Universal bitcoin company Satoshi Citadel Industries' Rebit.ph has partnered with California-based global transaction network and money transfer platform ZipZap to enable Filipino expat workers in Canada to send money back to the Philippines using the ZipZap payment application. Filipino workers spend around USD$2 billion in transaction and conversion fees when sending money back to their families. The remittance services and outlets such as Western Union and Lhuiller (Filipino Local Remittance Service) can be extremely expensive and inefficient, as it requires 5 percent to 12 percent of....
Targeted remittance company Rebit recently announced a new service that will enable immigrant Filipinos abroad to pay their family's bills and load phones back home through Bitcoin. According to their press release, the Philippines-based company is offering over 91 bills payment options and 5 e-load providers (Red Mobile, Smart, Sun, Globe, and Talk n' Text). Using these services enables non resident Filipinos to pay for their family's utility, cable and telephone bills directly through Bitcoin. Not only does Rebit save Filipinos from cutting an extra-step to support their family, it also....
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....