Rebit Allows Overseas Filipinos to Pay Family's Bills through Bitcoin
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....
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Welcome to the latest edition of the NewsBTC Weekly Bitcoin Recap, where we highlight our top bitcoin news stories of the week. Let's take a look at the biggest headlines for the week of February 1 - 7, 2015. 1. Bitcoin Startup Bonafide.io Raises $850,000 to Further Secure Bitcoin's Reputation - as reported on February 2nd. Recently, the startup known as Bonafide managed to raise almost $1,000,000 ($850,000 to be exact) through a special funding round. The money is slated to be used to build a reputation system for the bitcoin industry. Investments came from a number of prestigious....
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....
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....
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....
From the same company that brought you Rebit.ph, Bitstars, Coinage, and Bitmarket, is Prepaidbitcoin. PrepaidBitcoin is essentially what it sounds like. Bitcoin available to be purchased, prepaid. This brings Bitcoin to a familiar interface, as many Filipinos use prepaid cards for everything, from minutes to gift cards. It seemed like the most obvious thing to do in a market like the Philippines. This is the texting capital of the world, and 1 in 4 Filipinos now own a smartphone, and something like 95%+ of all SIM cards are prepaid. People are familiar with prepaid cards and use it in....