Rebit.ph is a brand of Satoshi Citadel Industries, a Philippine-based holding company for Bitcoin-related ventures. It is our mission to further the growth of the Bitcoin network in the Philippines, by providing universal access to otherwise inaccessible financial services, enabling unemcumbered participation in the internet economy regardless of the size of your bank account, and fostering innovation without permission from central authorities.
The Philippines is the second largest recipient for remittances in Asia, with a total of US$23 billion transferred in 2013. The lion's share of these remittances are enabled by conventional banks and money transfer agents, which charge between 5-8% for most international transactions. Rebit aims to provide a comparable service at a significantly lower rate by leveraging the superior process that the Bitcoin platform enables. We strive for total transparency in both our business model and service fees, and do not hide our profit margins within inequitable exchange rates. Our delivery options include forwarding to most local banks, as well as the most popular pawnshops and payment centers.
The Philippines is the second largest recipient for remittances in Asia, with a total of US$23 billion transferred in 2013. The lion's share of these remittances are enabled by conventional banks and money transfer agents, which charge between 5-8% for most international transactions. Rebit aims to provide a comparable service at a significantly lower rate by leveraging the superior process that the Bitcoin platform enables. We strive for total transparency in both our business model and service fees, and do not hide our profit margins within inequitable exchange rates. Our delivery options include forwarding to most local banks, as well as the most popular pawnshops and payment centers.
Location: United States, California, San Jose
Employees: 51-200
Phone: (02) 310 1387
Founded date: 2014
Mentions in press and media 12
| Date | Title | Description |
| 14.04.2020 | Filipino Pawnshops Bank on Crypto Remittances During Crisis | Leah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia. After reading my last op-ed for CoinDesk, my friend Miguel Cuneta used Reb... |
| 21.09.2018 | Meet The 6 Cryptocurrency Exchanges In Philippines Registered With BSP | It’s been a year now since Bangko Sentral Ng Pilipinas (BSP) issued the guidelines for cryptocurrency exchanges in the Philippines, and from then on, 6 companies have been registered with the regulator. While cryptocurrency enthusiasts may ... |
| 08.09.2016 | 6 Remittance Startups in Southeast Asia to Know | Remittances can contribute to a big chuck of the GDP of a country, notably in emerging markets. The World Bank estimates that migrants will send up to US$636 billion home in 2017, with three quarter of that amount being remitted to developi... |
| 29.08.2016 | From Bitcoin to Agriculture: How Can Farmers Benefit from Blockchain? | Editor’s Note: Emma Weston is co-founder and CEO of Full Profile, where she leads blockchain strategy and development under the AgriDigital brand. She is also a grain grower in Australia. Here, Weston, and co-author Sarah Nolet, founder of ... |
| 18.08.2016 | 3 Crypto Companies in The Philippines You Should Know | The Philippines is notoriously known for its expensive and inefficient banking systems and services. The financial services offered by the nation’s leading banks and financial institutions are extremely difficult to obtain, especially for a... |
| 10.01.2016 | Why Bitcoin Can’t Help The Poorest – Yet | The term “financial inclusion” is a new buzzword in the fintech space. With the rise of services like Abra and MPesa, we are convinced that bitcoin is the solution to the problems of the unbanked. With bitcoin, we say, the house cleaner in ... |
| 02.11.2015 | MoneyGram: Bitcoin Will Fail to Disrupt Remittances | Peter Ohser, moneygram About halfway through the conversation at Money20/20, discussion turns to Kodak. It’s not without merit. The photography giant once boasted more than 145,000 employees and $16bn in global revenues, but its empire all ... |
| 23.07.2015 | Bitcoin Use Case; Send Money Abroad in 24h Shops Without A Bank Account | A Bitcoin Use Case, send money abroad with no bank account and without getting ripped off. Just go to a 24hours shop around the corner and use a easy and cheap money transfer service. A innovative fintech startup based in Hong Kong is using... |
| 30.01.2015 | The Bootstrapper’s Guide To Bitcoin Remittances | Luis Buenaventura Contributor Editor’s note: Luis Buenaventura is a co-founder and head of product at Rebit.ph, a bitcoin remittance startup wholly owned and operated by Satoshi Citadel Industries in the Philippines. There’s a lot of rhetor... |
| 29.01.2015 | This Week On The TechCrunch Bitcoin Podcast: An Interview With Luis Buenaventura Of Rebit | Welcome back to TCBTC, TechCrunch’s weekly podcast on the cryptocurrency bitcoin. This week Alex is on vacation so I recorded a short interview with Luis Buenaventura Of Rebit, a major Bitcoin remitter in the Philippines. Luis gave us a qui... |
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