Satoshi Citadel Industries — Miguel Cuneta, Co-Founder — Bitcoin Platform For Remittance Payments To The Philippines
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 1 November 2017
⏱️ 18 minutes
🧾️ Download transcript
Summary
The Philippines is the 3rd largest remittance market in the world behind China and India, with a full 10% of its GDP coming from remittance payments. Satoshi Citadel Industries offers a way for individuals to send payments back to their families, without the standard 8-10% fee or the long wait time for people to receive their money–and with the average remittance size of $200, every penny and second counts.
Users are able to send remittances either directly by bitcoin through their website, and they have also partnered with several Korean companies to send remittance payments by changing Korean Won to Bitcoin, and then Bitcoin into Philippine Piso. Receivers are able to choose between having the funds deposited directly into a wallet built into the platform, or pick up their money in cash. SCI also helps facilitate the purchase of Bitcoin in The Philippines and allows users to store and convert their Bitcoin into fiat currency.
For more information, visit www.sci.ph.
Transcript
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| 0:44.0 | Welcome to Almost Here, round the corner of Future Technology Podcasts with Richard Jacobs. |
| 0:51.0 | Future Technologies voice to transform our lives for better or worse are the focus of this |
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| 1:02.0 | We're just around the corner for Bitcoin to artificial |
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| 1:10.8 | Hello this is Richard Jacobs with Future Tech Podcast. My guest today is Miguel |
| 1:17.4 | Co-founder at Satoshi Citadel Industries and Miguel was here with me late at night in his time so I |
| 1:24.8 | appreciate him coming Miguel thank you. Hi thank you. |
| 1:27.7 | Yeah Miguel so the name is interesting. Satoshi citadel what does that mean? |
| 1:32.8 | You know, where did the name come from of your company? |
| 1:34.6 | What's your background? |
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