The Short-Term View on Bitcoin Remittances
Luis Buenaventura is the head of product at Satoshi Citadel Industries, and ‘dreams of a world where everyone has access to everything’.
Satoshi Citadel Industries manages several different digital currency services and sites, including Bitmarket, in-beta exchange Coinage, photo-sharing site Bitstars.ph, and remittance service ReBit.
SCI is also rolling out pre-loaded bitcoin cards as a way to get bitcoin into newcomers’ wallets.
Remittance is often cited as the one of the primary ways that bitcoin would change the global financial landscape, by virtue of the cryptocurrency’s microscopic transfer fees and region-agnostic transmission.
Advocates and enthusiasts often point to exorbitant remittance fees as a sign of an established industry that is ripe for disruption.
This post was published at Coin Desk on August 31, 2014.