Philippine Bitcoin umbrella company Satoshi Citadel Industries (SCI) announced today it has acquired Bitcoin exchange BuyBitcoin for an undisclosed amount.. Founded by Sam Kaddoura, Lasse Birk ... The Philippines’ first Bitcoin exchange, Buybitcoin.ph, has been sold to resident universal Bitcoin service Satoshi Citadel Industries (SCI) with a view to expanding remittances in the country. Universal Bitcoin service provider, Satoshi Citadel Industries (SCI), has acquired over-the-counter bitcoin transaction service, BuyBitcoin.ph for an undisclosed amount. “The biggest technical roadblock for widespread Bitcoin adoption in the Philippines are the same roadblocks for widespread adoption elsewhere,” said BuyBitcoin.ph co-founder and CEO Sam Kaddoura. BuyBitcoin.ph: The First Filipino Bitcoin Exchange Since January of 2014, BuyBitcoin.ph has been offering their exchange services to citizens in the Philippines. However, this company is not just a regular online exchange platform — BuyBitcoin.ph served as the country’s first “peso to BTC over-the-counter exchange,” giving customers direct access to buying and selling bitcoins. Bitcoin investors who have dutifully monitored cryptocurrency wallets associated with defunct bitcoin exchange Mt. Gox for early warnings of a possible sell-off have been proven justified in their paranoia. Mt. Gox Trustee Confirms $230 Million Bitcoin Sale. According to a document published on the Mt. Gox website, Nobuaki Kobayashi, the exchange operator’s trustee, sold approximately 24,658 ... CEO of BuyBitcoin.ph, Sam Kaddoura, says: “We’re excited to be offering a new channel for customers to purchase Bitcoin outside of the pre-existing cash deposit process we currently have in place. Ich habe mich in den letzten Wochen einsteigen:Can cryptocurrency hit $50,000 orof the MarketWatch refers bitcoin investment using coins ph to any cryptocurrencies other than bitstamp bitcoin cash bcc bitcoin Bitcoin, just like standard money, is a medium of exchange.Our platform is fast, intuitive, and secure.When I first got into cryptocurrency (around September 2017), I only held Bitcoin. Headed by Sam Kaddoura, along with founders Lasse Birk Olesen, Daniel Walton and James Florentino, BuyBitcoin.ph enables locals to buy bitcoin at over 800 Bank of the Philippine Islands (BPI) branches in the country. Coming from a business background, Kaddoura has worked in corporate finance in Silicon Valley while Oleson, having managed Bitcoin Nordic, one of the largest Bitcoin resellers in ...
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