Satoshi Citadel Industries Acquires Philippine Exchange BuyBitcoin.ph
Universal Bitcoin service provider, Satoshi Citadel Industries (SCI), has acquired over-the-counter bitcoin transaction service, BuyBitcoin.ph for an undisclosed amount. "The biggest technical roadblock for widespread Bitcoin adoption in the Philippines are the same roadblocks for widespread adoption elsewhere," said BuyBitcoin.ph co-founder and CEO Sam....
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Satoshi Citadel Industries (SCI) made an acquisition of the Philippine bitcoin exchange BuyBitcoin.ph in its effort to broaden its reach in the local market. The company, which is a fintech startup firm, seeks to create solutions that reduce the costs of using and transferring money and cryptocurrency in the Philippine market. The Philippines is the third largest remittance market in the world, making it a massive hub for money transfers and bitcoin exchange services. According to BuyBitcoin.ph CEO Sam Kaddoura, the Filipino market is facing the same roadblocks for bitcoin acceptance as in....
Bitcoin enables users to do a multitude of things, one of which is remitting money overseas quickly and at a low cost. This capability is why Bitcoin currently has the most potential in emerging markets, where impoverished and unbanked people rely heavily on remittances from family members in other countries. BuyBitcoin.ph, a Bitcoin exchange platform for citizens in the Philippines, hopes to take advantage of this potential. BuyBitcoin.ph: The First Filipino Bitcoin Exchange. Since January of 2014, BuyBitcoin.ph has been offering their exchange services to citizens in the Philippines.....
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.....
Satoshi Citadel Industries, the Filipino Bitcoin heavyweight has announced the acquisition of Keza Bitcoin investment application. Satoshi Citadel Industries, the Philippines-based Bitcoin company has added yet another feather to its cap. The company has recently announced the acquisition of Keza, a Silicon Valley-based Bitcoin investment company that allowed Bitcoin users to invest in the US and international markets. The acquisition of Keza comes at the time when the company was going through hardships. In the month of April, in spite of having a unique business model with lots of....
The decision to franchise CoinTelegraph in the Philippines was both an easy decision as well as a hard one. Easy because the CoinTelegraph brand is one of the most heralded names in the world of Bitcoin and cryptocurrency journalism. Much more importantly, the Philippines is in dire need of smart coverage of the Bitcoin ecosystem. Several years ago, Bitcoin was relatively unheard of in the country and limited to the realm of a few select enthusiasts. But as I write this now, I struggle to think of what highlights to include from our Bitcoin ecosystem because it has grown so much - it is....