SCI - Press

Non-bank financial services firm Cebuana Lhuillier is acquiring a stake in blockchain platform Satoshi Citadel Industries (SCI) Ventures Inc. in a bid to enter the digital financial services market.

GMA NEWS

13 June 2019

Manila’s blockchain community successfully wrapped up the first ever community-led blockchain hackathon in the Philippines.

BITPINAS

26 November 2018

Not having a blockchain strategy today is like not having an internet strategy in the 90s. Take your business to the next level with the leading experts in blockchain technology.

MANILA STANDARD

23 November 2018

Satoshi Citadel Industries Ventures (SCI), a blockchain startup from the Philippines, has launched a new enterprise blockchain division called SCI Blockchain Technologies.

Coin Journal

26 November 2018

The Asian business development head of Consensys believes the Philippines has what it takes to become the next sandbox for blockchain technology in Southeast Asia.

CRYPTOVEST

05 July 2018

Payment solutions firm Qwikwire in the Philippines taps SCI Ventures as its crypto payment partner for Aqwire, its blockchain-based real estate platform.

BITPINAS

05 July 2018

As we celebrated SCI’s fourth year in business this year, we took some time to look back in our history and appreciate the challenges we were able to overcome in building a thriving startup using a new technology, often ridiculed and doubted by the industry at the time, with little funding and mostly just pure grit and determination.

MEDIUM

03 July 2018

Philippines-based workspace provider Acceler8 by UnionSPACE and fintech company SCI today announced the launch of the first Blockchain Space in the country.

E27

08 June 2018

Experts and industry insiders call it "the next generation of the Internet", a game-changing technology that many predict will have a far-reaching impact across not just businesses and industries, but also across societies and world economies as well.

MANILA STANDARD

29 May 2018

Oriente Express has come together with other digital finance companies to establish FinTechAlliance.ph. With their combined efforts, these companies aim to drive financial innovation, provide a forum for the discussion of the future of technology and finance, and deliver social impact.

MANILA STANDARD

03 March 2018

Today we are interviewing Miguel Cuneta from SCI Ventures Inc in the Philippines. SCI are the leading company in that country working with bitcoin based remittances and payments.

DECENTRALIZE TODAY

04 October 2017

In recent years, several cryptocurrency startups have sprung up in the Southeast Asian country, creating low-cost remittance services for overseas Filipino workers and building a young but growing blockchain ecosystem.

FORBES

15 September 2017

The use of bitcoin in the Philippines is still in its early stage. Although Filipinos are known in the global arena as heavy users of short messaging services and Facebook, the use of bitcoin is not yet pervasive in many areas, such as business-to-business transaction and shopping.

BUSINESS MIRROR

18 February 2017

In 2014, the Bangko Sentral ng Pilipinas published an ominous warning about Bitcoin, telling people to be careful when using this untested technology. Basically, the message was “Caveat Emptor”, or Buyer Beware.

SATOSHI CITADEL INDUSTRIES

7 February 2017

The University of Southeastern Philippines in Davao City celebrated their foundation day with Innofiesta 2016 today, and SCI’s Chief Product Officer, Eric Su, gave a great talk about the biggest innovation of this generation - Bitcoin and Blockchain Technology - to a big group of eager students.

SATOSHI CITADEL INDUSTRIES

13 December 2016

Filipino fintech company Satoshi Citadel Industries has added another bitcoin-related startup to its fleet. According to a recent announcement, it has acquired Keza, a bitcoin investment app thats made in the US. The details of the deal are undisclosed.

TECHINASIA

25 August 2016

What kind of company would be magnanimous — or foolhardy — enough to pull another company out from the grave? Philippines-based bitcoin startup Satoshi Citadel Industries (SCI) is one shimmering example. Today, it has announced the acquisition of Keza, a defunct bitcoin stock trading company based in Silicon Valley.

E27

25 August 2016

Satoshi Citadel is expected to revive Keza soon. However, it is not clear whether the company will continue to focus on US stocks or target markets close to home in Asia. Originally it was speculated that Keza was forced to shut down following potential trouble with the US regulatory agencies. If that is indeed the case, then we can expect some changes in its operations under the new owner.

NEWSBTC

25 August 2016

Keza, a New York-based bitcoin investment startup that announced its closure in April, is set to re-launch the services after its acquisition by Philippines- based company Satoshi Citadel Industries (SCI), Bitcoin.com reports.

ECONOTIMES

19 August 2016

Keza, the mobile app that allows any Bitcoin holder worldwide to invest in stocks and bonds, is to be resurrected after its acquisition by Philippines company Satoshi Citadel Industries (SCI).

BITCOIN NEWS

18 August 2016

K Venture Group, or KVG, the investment arm of Kakao Corporation, announced on June 9 that it has become the largest shareholder of Philippine-based bitcoin-related fintech startup Satoshi Citadel Industries, or SCI (CEO John Bailon), by acqui…

BUSINESS KOREA

10 June 2016

Philippine-based financial technology (fintech) startup Satoshi Citadel Industries (SCI) has secured a seed round with K Venture Group (KVG), the investment arm of South Korea internet company Kakao Corporation.

DEAL STREET ASIA

10 June 2016

The leading Bitcoin and financial technology company in the Philippines has just received a decent amount of funding from one of leading South Korean company. K Venture Group, the investment arm of Kakao Corporation (KOSDAQ: 035720) has investe…

NEWS BTC

09 June 2016

Boom Cash sends and receives in digital currency, bitcoins, and stores one’s money in Philippine Pesos. It allows a user to benefit from the advantages of the Blockchain technology, which provides a shared public ledger made through a tamper-proof da…

DEAL STREET ASIA

17 Nov 2015

Rebit.ph, the pioneer of “rebittance” service in the Philippines or remittances powered by the digital currency Bitcoin, has signed a technology partnership and integration with local microfinancial giant Cebuana Lhuillier. The new association aims t…

DEAL STREET ASIA

26 Oct 2015

Philippines-based universal Bitcoin company Satoshi Citadel Industries’ startup Rebit.ph has partnered with Shapeshift.io, enabling its users to send remittances using altcoins supported on the Shapeshift platform.

COIN TELEGRAPH

02 Oct 2015

Over the past year, bitcoin startups in the Philippines and Australia have begun to target day-to-day expenses and remittances; markets that are in desperate need of instantaneous, secure and cost-effective payment systems. Startups including Austral…

BITCOIN MAGAZINE

30 Sept 2015

Universal bitcoin company Satoshi Citadel Industries’ Rebit.ph has partnered with California-based global transaction network and money transfer platform ZipZap to enable Filipino expat workers in Canada to send money back to the Philippines using th…

BITCOIN MAGAZINE

17 Sept 2015

For the workers, the real pain lies in the complex procedure of transacting and executing cross border remittance at high cost (5-10% of the remittance amount). To deal with the situation, a newly-established company headquartered in Manila called Sa…

FORBES CHINA

15 Sept 2015

Seeking to capture a slice of the $2-billion Canada-to-Philippines remittance market, Philippine rebittance service Rebit.ph has partnered with California-based global transaction network and mobile money transfer app ZipZap. The partnership will all…

DEALSTREET ASIA

14 Sept 2015

They might know nothing about Bitcoin, but the virtual currency is making remittances faster and cheaper for overseas Filipinos.

BANGKOK POST

31 Aug 2015

Although majority of the Philippine population remain unbanked, the rapid growth in the population of the smartphone users has opened up alternate opportunities for their financial inclusion. In fact, it is the country’s financial technology (fintech…

DEALSTREET ASIA

28 Aug 2015

Not only does the archipelago nation have a considerably sized tech and mobile-savvy population, but the country also commands a large share of the global remittance. As a fintech startup focused on bitcoin, Satoshi Citadel Industries has five produc…

MAX KEISER REPORT

12 Aug 2015

Taking the same approach to remittance, powered by Bitcoin, is Satoshi Citadel Industries (SCI). The company's flagship product is Rebit.ph, which is one of the most popular remittance services in the country. The company now controls several Filipin…

BRAVE NEW COIN

02 Jul 2015

A Filipino startup called Rebit takes a different approach, exchanging dollars for bitcoin, which can then be transmitted and cashed out for Philippine pesos so quickly that the service avoids losing money on the volatility usually associated with bi…

THE WALL STREET JOURNAL

07 Jun 2015

SCI has grown to become one of the largest Bitcoin ventures in South-east Asia, with a portfolio of seven start-ups, while its staff numbers have expanded to 20. SCI’s most recent success saw it acquire the Philippines’ first ever Bitcoin exchange, B…

THE OXFORD BUSINESS GROUP

29 May 2015

Bitcoin is a fairly new business venture in the country, which are mainly led by three companies; namely, Coins.ph, Buybitcoin.ph, and Satoshi Citadel Industries. Although recently, Satoshi Citadel Industries has acquired Buybitcoin.ph – a strategic

THE PHILIPPINE STAR

25 May 2015

SCI seem to be getting attention from the right people. Joe Maristela made his interest known by investing US$100,000 into SCI’s ongoing seed round. The SCI team met Maristela in early 2015, “He was really excited by what we’ve built, as well as the …

BRAVE NEW COIN

14 May 2015

It’s refreshing to have an investor like Mr. Maristela, who maintains a proactive involvement with us and shares our passion for Bitcoin and what it can do for the Philippines. His investment helps us reach our goal of empowering and financially inc…

COIN TELEGRAPH

12 May 2015

Launched by the co-founder of Satoshi Citadel Industries, Miguel Cuneta, Rebit.ph allows its users to receive cash in more than 20 different bank outlets. Rebit receives BTC from anywhere around the world and converts the BTCs to Filipino pesos with …

BITCOIN MAGAZINE

12 May 2015

Maristela says the investment marks the start of many more investments he plans to make in Philippine startups, specifically those that are socially oriented and engaged in fintech. SCI caught his interest because of its mission to widen financial in…

TECHINASIA

12 May 2015

Joe Maristela, a healthcare entrepreneur, has invested $100,000 in Satoshi Citadel Industries (SCI) and has challenged other traditional business owners to follow him by investing in Philippine technologies. SCI is an umbrella firm for seven Philippi…

CRYPTOCOINNEWS

11 May 2015

Other bitcoin exchange companies in the country include Coins.ph, Bitspark, and Palarin. With the recent acquisition of BuyBitcoin.ph, SCI CEO John Bailon is confident that they are closer to completing the bitcoin ecosystem in the Philippines. “BuyB…

NEWSBTC

15 Apr 2015

And that brings us to what may very well be the most interesting aspect of this acquisition. Sam Kaddoura will join the Satoshi Citadel Industries team as its Chief Financial Officer. With a strong background in corporate finance and banking, Kaddour…

INSIDE BITCOINS

15 Apr 2015

The bolstering of SCI’s product portfolio, which also includes Merchant services provider Bitmarket.ph, fellow exchange Coinage and remittance service Rebit, comes in tandem with Kaddoura’s appointment as the startup’s chief financial officer. Olesen…

COIN TELEGRAPH

13 Apr 2015

One of the main challenges to widespread Bitcoin adoption is liquidity. Having an entity that allows for easy conversion of bitcoins into fiat money gives comfort to consumers wary of the cryptocurrency. BuyBitcoin works the same way as other Bitcoin…

TECHINASIA

13 Apr 2015

Coinage is the Philippines’ first enterprise-grade order book bitcoin exchange platform. It is a subsidiary of Satoshi Citadel Industries, a Bitcoin business involved in various Bitcoin verticals such as remittance (rebit.ph) and bill payments (bills…

COINGECKO

28 May 2015

Rebit and other services that use bitcoin say they are a cheaper alternative to traditional money transfer companies, such as Western Union, which charge transaction fees. Development experts say fees collected by the global remittance industry pose …

AL JAZEERA

09 Feb 2015

“To put things into perspective, we’re working to build a Bitcoin remittance business during a year in which the Bitcoin price has steadily declined, and we’ve chosen one of the top five most competitively-priced remittance corridors in the world – H…

TECHINASIA

09 Feb 2015

TECHCRUNCH

09 Feb 2015

Twitter is a fantastic place to network with people involved with cryptocurrencies. We personally found it very useful in connecting with cryptocurrency people and in finding out the latest breaking news. To help others discover the power of Twitter,...

COINGECKO

28 Dec 2014

All around the world, companies are launching services aiming to facilitate the use of Bitcoin in our everyday lives. In the Philippines, Bitmarket.ph, one of Satoshi Citadel Industries' verticals, introduced earlier this year Bills Ninja, a service …

COIN TELEGRAPH

16 Dec 2014

Rebit, together with partner Bitspark, piloted a remittance corridor in Hong Kong, where there are over 130,000 working Filipinos who send back to the Philippines about half a billion US dollars in remittances based on the latest government data. “To…

TECHINASIA

12 Dec 2014

Cryptocurrency allows reconciliation to occur in real-time, meaning that cash reserves don't need to be nearly as vast. Instead of a week's worth of reserves, you now only need enough for a day, significantly levelling what used to be an extremely un…

COINDESK

07 Dec 2014

CT: A lot has been said about emerging markets, and business opportunities for Bitcoin startups, notably regarding the remittance market. Where else do you think these opportunities lay for Bitcoin startups in the Philippines, and in Southeast Asia? …

COIN TELEGRAPH

17 Nov 2014

Luis Buenaventura, head of product as SCI: If we’re doing our job right, the local Bitcoin community will have grown at least 10 times by 2015. If we are truly enabling people to access “better money,” then there will be no stopping the exponential g…

TECHINASIA

21 Oct 2014

We envisioned Rebittance.org as a jump-off point for first-timers whose interest in cryptocurrency is purely about its use as a money transfer platform. These folks don't care about public keys, mining, hashes, or consensus platforms, and as such we …

LET'S TALK BITCOIN

17 Oct 2014

Coinage is part of the Satoshi Citadel Industries (SCI) enterprise groups, a Filipino umbrella firm that focuses on Bitcoin-related technologies and services. SCI has been involved in many Bitcoin startups in the Philippines, including payment soluti…

COIN TELEGRAPH

13 Oct 2014

Coinage.ph is the first order book bitcoin exchange in the Philippines. Its tagline “Bitcoin exchange for the new coin age” alludes to the exchange’s name, which stands for both money creation and invention as well as a new era in finance, the compan…

SUN STAR CEBU BITCOIN

13 Oct 2014

“We’re very optimistic on the [Bitcoin] adoption rate here in the Philippines,” John T. Bailon said in an e-mail last month. Mr. Bailon is co-founder and chief technology officer of Satoshi Citadel Industries, a local company with various Bitcoin-rel…

BUSINESSWORLD

09 Oct 2014

“Bitmarket.ph, a product of Satoshi Citadel Industries, Inc. (SCI), has just launched its new point of sale system “TxtPay”. The system utilizes SMS to allow merchants to accept Bitcoin payment for their transactions. Compared to some products like 37…

CRYPTO ARTICLES

02 Oct 2014

With the introduction of their latest Bitcoin innovation, the Prepaid Bitcoin service, SCI has launched a series of scavenger hunts across Metro Manila. And in true digital fashion, the bounty can only be discovered by utilizing modern technology and...

PACIFIQA

02 Oct 2014

Therein lies the magic of Bitcoin remittance. The transfer of funds has occurred through a publicly-shared resource — the blockchain network — and thus incurs none of the arbitrary costs associated with centralised systems such as Western Union, or X…

THE NEXT WEB

02 Oct 2014

A company trying this in the Philippines is Bitcoin remittance provider, Rebit. OFWs can send money to their loved ones in the form of Bitcoin through the platform, and the incentive to do so is that it’s cheaper than sending money through traditiona…

RAPPLER

16 Sep 2014

The country is now equipped with a Skyhook Bitcoin ATM, which charges a 3% fee on top of the sell price listed on Filipino Bitcoin exchange CoinXchange. Skyhook was launched in May 2014, and is the world's first low-priced, portable and open-source B…

COIN TELEGRAPH

08 Sep 2014

Bills Ninja seemed like a natural addition to the services we provide, since we believe that the best way to drive bitcoin adoption is to find ways for people to use it conveniently.

BITCOINIST

08 Sep 2014

For a team that has rolled out six companies in less than three months, SCI’s biggest strength might be its patience, as counterintuitive as that sounds. It understands that it faces a long road ahead before average Filipinos embrace Bitcoin, and tha…

TECHINASIA

27 Aug 2014

“By making bitcoin accessible in fun and familiar way, we also eliminate that barrier of bitcoin being perceived as too techy or complicated for the average user. Bitstars.ph is our innovative take on the concept of a bitcoin faucet. It’s fun, it’s e…

COINDESK

11 Aug 2014

One country that benefits a lot from remittances is the Philippines, which last year was the recipient of over 26 billion dollars. This, along with the high rate of cellphone usage, makes the Philippines a strong candidate for widespread Bitcoin adop…

BITCOIN WARRIOR

11 Aug 2014

As long as Bitcoin survives the next 2 to 3 years, there’s no doubt that it will continue growing at an explosive rate. It was already the best investment of 2013, far outstripping the combined growths of Netflix, Twitter, and Amazon within that same...

RAPPLER

11 Aug 2014

Satoshi Citadel Industries calls itself a “provider of bitcoin solutions” and manages a range of different digital currency services and sites, including Bitmarket, in-beta exchange Coinage, photo-sharing site Bitstars.ph, and remittance service Rebi…

COINDESK

11 Aug 2014

Bitstars is a bitcoin faucet that aims to promote bitocin usage in the Philippines by throwing the digital cash around. How do they plan to do it? By capitalizing on one of the biggest social media trends: selfies! No-brainer considering Manila is th…

TECHINASIA

03 Jul 2014

How do you make a difference with bitcoin? By serving the thousands of small entrepreneurs in the Philippines who can’t afford to host or buy a domain, much less afford the fees and requirements of accepting conventional payment methods like credit c…

29 Jun 2014

Bitcoins and Gravy, one of the world's most popular podcasts on the digital currency, features SCI CEO Nick Galan. Here, an eloquent discussion on the unique challenges of setting up a bitcoin business in the Philippines.

BITCOINS AND GRAVY PODCAST

17 Jun 2014

Nick Galan talks to Webgeek on Bitmarket.ph, the Philippines' first bitcoin payment processor. We believe in our collective core that what we are doing is powerful enough to ramp up the businesses of thousands of small, medium and informal Filipino …

WEBGEEK

08 Jun 2014

Another breakthrough from SCI: the company brings the Philippines its first bitcoin ATM. It's a Skyhook, a portable, open source ATM, offering the country its first experience of an easy, convenient way to buy bitcoin.

COINTELEGRAPH

06 Jun 2014

Bitmarket.ph is featured on the Business Section of The Freeman (Philippine Star Group of Companies). Good primer on bitcoin and how Bitmarket can make a difference in the lives of Filipinos

THE FREEMAN

02 Jun 2014

Launched in April, Philippines’ Bitmarket provides a wider market reach for merchants and promotes ease of payment for customers. Through its service, any online or brick-and-mortar merchant can accept payment via Bitcoin, regardless of how tech savvy they are.

TECHINASIA

01 Jun 2014

Techinasia asks, "With low banking penetration rates in Southeast Asia, the promise of Bitcoin lies in its ability to empower the unbanked. Bitcoin becomes an easy-to-use option for transferring funds and purchasing goods. But for those who currently have Bitcoins in their virtual wallets, the question becomes, where can they be spent?"

TECHINASIA

30 May 2014

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