Bitcoin Payments Startup Coins.ph Launches with Two Major Filipino Merchants
When daily deals giant MetroDeal, the Philippines' number two e-commerce website, seemingly went live with a bitcoin payments option last week, it was a clear sign that major merchants in the 97-million-strong nation were beginning to take the digital currency seriously. However, it turns out, that MetroDeal's bitcoin payments test only told part of the story. Coins.ph, the bitcoin payment service powering MetroDeal's checkout, officially launched today by adding yet another major Philippines-based merchant to its roster - angel-funded flash deals startup CashCashPinoy. Such quick merchant....
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From among 34 contenders, a Filipino startup – OneWatt grabbed the top spot for this year’s GreenOvation held last October 3, 2015. Philippines is a tropical country. The consumption of electricity that exceeds the budget of most Filipino households due to heat causes monthly bills to continuously increase. OneWatt has found a way to solve this issue that everyone thought hopeless. The said Filipino Startup created an energy storage system called “energon” that’s brilliant enough to help each household be able to manage electrical fluctuations. Energon then works to determine the perfect....
Filipino Bitcoin startup Satoshi Citadel Industries (SCI), has raised an additional US$100,000 as part of its ongoing seed funding round. Through this investment, serial entrepreneur Joe Maristela hopes to encourage other angel investors to consider putting money into the Philippines’ burgeoning tech industry. Commenting on the new fundraising, John Bailon, CEO and co-founder at SCI, told CoinTelegraph: "It’s refreshing to have an investor like Mr. Maristela, who maintains a proactive involvement with us and shares our passion for Bitcoin and what it can do for the Philippines. His....
The company partnered with BitPay and CoinPayments creating one-click integrations for merchants to accept bitcoin and cryptocurrency payments.
Just a week ago, Filipino congresswoman Kimi Cojuangco introduced a bill in the Filipino House of Representatives that would create a government-backed digital currency that would serve as an official medium of exchange for domestic online payments. This digital currency, known as the "e-peso," was proposed as part of the E-Peso Act of 2014. The e-peso that would be at par with the country's official currency the Filipino Peso would be used as legal tender. Of interest to the bitcoin industry is that in its current form, the bill would require the Filipino central bank, the Bangko Sentral....
Stripe is a San Francisco-based web and mobile payments startup. The service advertises itself as being “built for developers,” since it provides numerous APIs to power commerce on a range of devices and platforms. Despite being relatively new to the online payments scene, Stripe is already powering hundreds of thousands of websites, including reddit, theguardian, WolframAlpha, dribbble, and more. And just today, the company made a major announcement – Stripe has started testing Bitcoin support. To keep things simple for merchants unfamiliar with bitcoin, BTC payments will be converted to....