Why is KakaoTalk Interested in Satoshi Citadel Industries?
The South Korean chat application, KakaoTalk recently picked up a 40 percent stake in Satoshi Citadel Industries. What can we expect out of it? Bitcoin is known to be ideal for inexpensive remittance and micro transactions. This indispensable feature of digital currency will soon be implemented into KakaoTalk. KakaoTalk is a popular South Korean chat application. The platform has over 170 million registered users who may soon be able to make digital currency transactions. According to reports, the company invested heavily into Philippines based Satoshi Citadel Industries. As part of the....
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Asian countries and companies are warming up to the concept of Bitcoin as of late. Various exchanges are quickly gaining market traction. Coinplug, Korbit, and Coincheck are just a few of the examples. If anyone needed more validation of Bitcoin being useful in the remittance sector, look no further. A new post on Quartz goes to show a lot of money is flowing through Bitcoin right now. KakaoTalk, a company with 93% market penetration in South Korea, invested in SCI not too long ago. Some people assumed this was an odd decision, but so far, things are working out quite well. When KakaoTalk....
Satoshi Citadel Industries has received a new round of investment from a Korean Venture Company, helping the company expand its presence in the Philippines. The leading Bitcoin and financial technology company in the Philippines has just received a decent amount of funding from one of leading South Korean company. K Venture Group, the investment arm of Kakao Corporation (KOSDAQ: 035720) has invested an undisclosed amount in Satoshi Citadel Industries. With the influx of new investments, Satoshi Citadel Industries can now help its businesses expand, whereas for K Venture Group, this....
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....
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 Kaddoura. "Our main goal is still to increase awareness and adoption of the technology. By joining SCI, I am confident that we can achieve this. BuyBitcoin.ph will now join the numerous brands under the Satoshi Citadel Industries umbrella.....
Satoshi Citadel has raised seed funding from KVG, which is the venture capital arm of Korean web giant Kakao. According to the Bitcoin company, this is a strategic partnership that could bring its “innovative solutions” to Kakao’s 100 millions users. Kakao is Big in South Korea. Kakao is a household name in South Korea, as this web giant has a mobile app....