Rebit Announced Partnership with Cebuana Lhuillier
International remittance company Rebit just announced via Twitter that it has partnered with Cebuana Lhuillier to offer lower fees and quicker transfer. One of the most alluring aspects of bitcoin and – in particular – the blockchain, is the vast amount of potential applications they offer. From intellectual property to medical records and everything in between, the way we use and interact with the blockchain is likely going to be at the root of global commerce and economics in the near future. There are, however, at the moment, a number of areas in which bitcoin and the blockchain are....
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In an ongoing trend of Bitcoin companies withdrawing their services from New York in response to the BitLicense, two more businesses have exited the Empire State. The latest Bitcoin startups that refused to apply to the controversial regulation are Philippine centered remittance service Rebit and mining specialist Genesis Mining. Both Rebit's parent company Satoshi Citadel Industries and Genesis Mining announced their departure from New York through blog posts on their respective websites. The companies both cite the newly imposed BitLicense regulation in the state as the reason for their....
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....
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....
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....