Rebit.ph Co-Founder: Bitcoin Doesn’t Make Remittances Cheaper (Yet)

By October 8, 2015Bitcoin Business

Luis Buenaventure, co-founder of one of the best known bitcoin remittance companies in the space, Rebit.ph , has published a blog post on Medium claiming that the cryptographic currency does little to help cheapen remittances.

Bitcoin remittances, better known as “rebittances” (a term Buenaventure claims to have popularized), allow customers to send cash to friends or family abroad. Effectively, this means that only the rebittance service itself uses bitcoin, both the sending and receiving end […]

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