Rebit.ph is a service of Satoshi Citadel Industries, a Philippine-based holdings company for Bitcoin-related ventures. It is our mission to further the growth of the Bitcoin network in the Philippines, by providing universal access to otherwise inaccessible financial services, enabling unemcumbered participation in the internet economy regardless of the size of your bank account, and fostering innovation independent of inefficient, bureaucratic processes.
The Philippines is the third largest recipient for remittances in the world, with a total of US$27.5 billion transferred in 2014. The lion's share of these remittances are enabled by conventional banks and money transfer agents, which charge hefty fees for international transactions. Rebit aims to provide a comparable service at a significantly lower rate by leveraging the superior process that the Bitcoin platform enables. We strive for total transparency in both our business model and service fees, and offer the best BTC-to-PHP payout rates in the Philippines. Our delivery options include forwarding to most local banks, as well as the most popular pawnshops and payment centers.
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Image courtesy C. Chua