Philippine Bitcoin fintech startup Satoshi Citadel Industries has lifted a seed turn from K Venture Group (KVG), a investment arm of South Korea internet association Kakao Corporation.
The volume of a investment was not disclosed.
Founded in 2014 with a aim of apropos the ecosystem for Bitcoin in a Philippines, Satoshi Citadel operates a series of associated sites, including Rebit.ph, a remittance use for a Philippines that charges 0 use fees or dark fees, with a ability of “Rebitters” being means to select to compensate out in income within 24 hours around vital banks and internal pawnshop networks, or in kind around mobile airtime bucket and bills payment; and BuyBitcoin.ph, that as a name might advise is a fiat income to Bitcoin sell catering for a Filipino audience.
Bitbit, an e-wallet that will concede users to send, accept and share income with friends and family over email, mobile and amicable media, is now in development.
“We like to consider of ourselves as a final mile in Bitcoin use delivery” Co-Founder and Chief Commercial Officer Miguel Cuneta explained to SiliconANGLE at a Rise Conference in Hong Kong in 2015.
“10 percent of Filipino’s work overseas, with many of them sending