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At Bootstrap Manila, bitcoin startups & investors revealed that 20 percent of remittances from the Philippines to South Korea are processed using Bitcoin.
CoinTelegraph has used, tested, and evaluated the top 3 Bitcoin platforms in the Philippines - Coins.ph, BuyBitcoin.ph and Rebit.ph. Here is a detailed review of each of them.
Bitcoin utility payments are not very popular at the moment. Most such services are designed for users that are already familiar with Bitcoin.
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.
Instant cryptocurrency exchange ShapeShift has completed its fund-raising of US$1.6 million; Nick Szabo says banks must go permissionless to get all of blockchain’s benefits, and more top stories for September 9.
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.
Hong Kong-based Bitspark has just announced the world’s first end-to-end cash remittance service that’s transferred via Bitcoin using ReBit. The service caters to Hong Kong’s large population of Filipinos who regularly use services like Western Union and Money Gram to send funds back to the Philippines.
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