Bitcoin in the Philippines[]

What is Bitcoin?
Bitcoin is the trending Internet based currency, invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009. The system is peer-to-peer; users can transact directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain. The ledger uses its own unit of account, also called bitcoin.

About is a money transfer platform founded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson in Metro Manila, Philippines. Built on blockchain technology, it is mobile-first and fully focused on emerging markets.

As a blockchain-based service, has numerous advantages over traditional providers, including low variable costs, quick onboarding, and no minimum deposits or monthly fees. The startup aims to use digital currency as a low cost gateway to banking, speeding up financial inclusion in the Philippines and Southeast Asia. awesome features:

  • With Bitcoin, your customers can checkout online, even if they don’t have a credit card or bank account
  • 0% processing fees – Pay 0% fees on all transactions
  • Instant billing – Stop losing customers on the way to the bank or waiting for COD
  • No chargebacks – All Bitcoin payments are non-reversible
  • No currency risk – Receive the exact amount of local currency that you price your products at, guaranteed
  • Next day settlement – Settlement in your local currency by the next business day
  • Easy integration – Simple, intuitive API for e-commerce applications
  • Plugin for Magento E-Commerce Platform – Download
  • Cash out – Next business day settlement, in your local currency, to your local bank account. You never have to hold Bitcoin (unless you want to).

How to Cash Out via ATM
Watch this video tutorial and learn how to cash out your bitcoin through an ATM.

Sites integrated with payment gateway in PH

  • CashCash Pinoy
  • Metro Deal
  • Bench
  • Assembly

Some references to know more about payment gateway integration

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