THELOGICALINDIAN - About Rebitph taken from their website
Okay that’s great, but does the Philippines charge a Bitcoin based remittance service?
So afresh Bitcoin is revolutionizing the industry, potentially putting accepted casework like Western Union and Xoom broke back Bitcoin absolutely becomes mainstream. In allegory to the above companies, Rebit accuse a 3% fee for remitting, on top of fair barter rates. That’s it. Take a attending at this blueprint comparing services.
The absolute action is a breeze as well. The sender aloof fills out a anatomy chief how abundant he/she would like to accelerate and to whom to send. The sender can accept from a advanced arrangement of commitment options from the fastest option literally demography account to complete and the slowest advantage demography 36 hours, which is still ablaze years abroad from what Xoom and Western Union can do for the price.
Today I’m actuality with Miguel Cuneta, which additionally answered questions for Bitmarket.ph and Bitstars.ph as able-bodied as Luis Buenaventura, the artefact advance on the project.
1. History of Development?
We’ve been alive on Rebit.ph back May 2024 and appear the alpha artefact in July.
2. How does Rebit.ph tie in with your added ventures, such as Bitmarket.ph?
Rebit.ph has a commutual accord with aggregate abroad in the SCI ancestors of brands. We’re still alive on the cement band that will accompany aggregate together, but for now, answer to say that Rebit.ph and Bitmarket.ph both accompany BTC into the country, but from altered sources.
3. How does the Process work?
It’s a actual aboveboard process. The sender indicates how abundant they appetite to accelerate in PhP and to whom they appetite to accelerate it. We do a absolute time adding of how abundant that is in Bitcoin, and they pay for it with their Bitcoin wallet. Then, on the accepting ancillary we alike with the almsman and alteration bounded bill to them. The turnaround time takes beneath than 24 hours in best cases.
4. How does the account analyze to accepted casework for money remittance such as Xoom or Western Union?
We spent a lot of time researching prices and fees and we can confidently say that we accommodate a cheaper account than either WU or Xoom. Many of these acceptable remittance providers use caitiff barter ante in adjustment to access their profits, and we don’t do that. We chase the exact bazaar amount for the accustomed hour of the day, and are absolutely cellophane with how we allegation for our service.
5. Can the adeptness to aces up money in account be accomplished with cash? Bitcoin is still a alcove bazaar and I’d accept abounding bodies would like to stick with what they know.
If the almsman happened to be abutting to our Makati office, they could actually airing up to our doorstep aural 10 account of acquittal acceptance and we would accept the banknote accessible for them. Other commitment methods will booty a little best as we accept to administer acumen apropos first.
6. Current Status?
We launched on June 30th and got our aboriginal remittance aural the hour. The absolute aggregation has been carefully ecology every new user and we’ve been alive actual adamantine to accumulate convalescent our service. We’ve already pushed out two improvements to the user dashboard and barter ante table aural a few canicule of ablution and accept a lot added lined up.
7. Future Development plans?
Without activity into too abundant detail, we’re alive on means to incentivise bodies to advance the chat about our service, and body up awareness. Many Filipinos away will blunder on to our armpit while attractive for alternatives to acceptable remittance providers and they may not initially apperceive what Bitcoin is. It’s our job to explain to them how the technology works, and advice them apprentice how to advantage it to save money.
Photo Source: Miguel Cuneta
For added information: https://rebit.ph/
