Satoshi Citadel Industries Acquires BuyBitcoin.ph

Satoshi Citadel Industries (SCI), a Philippines-based Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term services provider, has acquired local bitcoin brokerage Buybitcoin.ph.

SCI engages in a number of related Bitcoin ventures in the country. One of the most notable is its operation of the successful Rebit.ph remittance service, which has reportedly brought the cost of money transfers to but a fraction of those when sending through traditional channels like Western Union or MoneyGram. SCI also supports pre-paid cards and bill Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term.

With the acquisition, BuyBitcoin.ph hopes to improve the rate of bitcoin adoption in the country. The deal will also likely provide a greater synergy with SCI’s remittance capabilities, an important part of its business in a country that has the third largest remittance market in the world.

Other bitcoin exchanges in the country include Coins.ph, Bitspark and Palarin.