Satoshi Citadel Industries has acquired bitcoin investment app Keza

Philippine Bitcoin fintech startup Satoshi Citadel Industries (SCI) has acquired bitcoin investment app Keza for an undisclosed sum.

Founded in 2015, Keza allowed bitcoin users to invest in bitcoin or fixed income stocks in the United States or other international stock exchanges via a mobile app; the app allowed users to invest in three types of trading – modest, conservative and aggressive – allowing users to choose their level of exposure to volatile assets and keep tabs on risk to their capital.

Despite positive reviews the company ceased trading in April 2016 and while it never disclosed the reason why it shut down speculation at the time centered on it falling foul of U.S. Securities and Exchange Commission rules.

With the acquisition SCI has relaunched the app, which will sit alongside the companies portfolio of products including, a remittance service for the Philippines that charges zero service fees or hidden fees; Bitbit, an e-wallet that will allow users to send, receive and share money with friends and family over email, mobile and social media; and, a fiat money to Bitcoin exchange catering for a Filipino audience.

“We’re thrilled that the Keza app is being re­launched with such an amazing team,” Keza Co-Founder Simon Burns said in

Read more ... source: TheBitcoinNews

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