Bitcoin Solutions by Rebit Aims at the Two Billion Dollar Trade from Canada to the Philippines – Bitcoints

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Published on September 15th, 2015 | by bitcoin

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Bitcoin Solutions by Rebit Aims at the Two Billion Dollar Trade from Canada to the Philippines

Bitcoin Solutions by Rebit Aims at the Two Billion Dollar Trade from Canada to the PhilippinesFilipino workers spend around USD$2 billion in transaction and conversion fees when sending money back to their families.
The company is seeking to get a significant share of the Philippines-to-Canada remittance market and process as many remittance payments as possible using Bitcoin technology.
Speaking to Bitcoin Magazine, Satoshi Citadel Industries CEO John Bailon explained:
“We’re aiming high.
The timing is right, and with partners like ZipZap, building the open remittance network on top of the blockchain is now a reality.
“Because we use Bitcoin at Rebit, we’re open to receive transactions from any individual or company, effectively an open network for remittances,” explained Bailon.

Source: News.google.com

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