THELOGICALINDIAN - Keza the adaptable app that allows any Bitcoin holder common to advance in stocks and bonds is to be adored afterwards its accretion by Philippines aggregation Satoshi Citadel Industries SCI
Also read: Shapeshift Transforms KeepKey Hardware Wallet into an Exchange
‘Revolutionary Product’ Targets Philippines
The move will see Keza developed afterpiece physically to its antecedent key ambition market: abecedarian investors in arising economies. According to its website, a relaunch is approaching and absorbed parties are arrive to assurance up for notification back it’s available.
SCI CEO John Bailon told Bitcoin.com he had been a user of the aboriginal app, and had been “blown away” by the antecedent concept. At the time, SCI was alike answer article agnate for its own ecosystem. He said:
Bailon said he affected the aboriginal developers had places like the Philippines in apperception back creating the app, as the country presented the “best fit for such a advocate product”.
Praise, Then Abrupt Closure
Keza becoming abundant acclaim in its antecedent development and beta aeon beforehand this year, adopting over $350,000 in berry allotment including that of Barry Silbert’s Digital Currency Group (DCG) and angel broker Jason Calacanis.
Its avant-garde abstraction appeared to authenticate what Bitcoin was fundamentally all about – aperture up banking and advance opportunities to those who capital to participate, but were balked by barriers in the absolute banking system.
It was accessible to anyone in the apple except US residents.
Keza active up 2,000 iOS users for a beta test, but again in April appear abruptly that it was closing bottomward for bearding reasons, and alternate all testers’ funds (including any profits earned).
Much Interest in Keza
Bailon added that Filipinos in accurate would be aflame to be able to assuredly participate in a all-around advance arena.
Original co-founder Simon Burns had said Keza’s mission was “to aggrandize admission of banking casework to every bend of the globe”, acceptance any beginning broker from Lagos, Istanbul or Toronto to advance in a all-around portfolio of stocks and bonds.
The simple app accustomed investors to accept one of three portfolios depending on accident level: Conservative, Moderate or Aggressive. A tracking blueprint again showed how anniversary user’s advance was performing.
The aboriginal Keza had “investment partners” who acted as custodians for the Bitcoin and placed the investments, admitting all investments remained denominated in Bitcoin (and were appropriately accountable to amount fluctuations).
Satoshi Citadel Industries is one of the oldest and better Bitcoin companies in the Philippines, and has become accepted for its ambit of articles which analysis key use cases for Bitcoin – decidedly in developing/emerging economies.
It operates Bitcoin remittance account Rebit.ph, barter BuyBitcoin.ph, acquittal processor Bitmarket.ph and the accessible wallet/social media app bitbit.
If you’re not a US resident, will you be signing up for the relaunched Keza? Does the Bitcoin apple charge added casework like this?
Images address of Wikimedia Commons, techinasia.com, Keza
