Rebit’s Bitcoin Solutions Targets the $2 Billion Canada-to-Philippines Remittance Market



Universal bitcoin company Satoshi Citadel Industries’ has partnered with California-based global transaction network and money transfer platform ZipZap to enable Filipino expat workers in Canada to send money back to the Philippines using the ZipZap payment application.

Filipino workers spend around USD$2 billion in transaction and conversion fees when sending money back to their families. The remittance services and outlets such as Western Union and Lhuiller (Filipino Local Remittance Service) can be extremely expensive and inefficient, as it requires 5 percent to 12 percent of the entire transaction to be paid as “service fees.”

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Satoshi Citadel Industries and its subsidiary company aims to break this barrier of the Filipino and Canadian

Read more ... source: TheBitcoinNews