Rebittance service Rebit.ph has partnered with California-based global transaction network and mobile money transfer app ZipZap to tackle the $2 billion Canada-to-Philippines remittance corridor using blockchain technology.
“We’re excited and proud to be working with the ZipZap team” said John Bailon, CEO of Satoshi Citadel Industries. “We believe this partnership is a perfect example of how Blockchain Technology can be used beneficially without any risks to the end user, who in this case are our fellow Filipinos in Canada. ZipZap provides a great service that we believe will greatly benefit our service and vice-versa.”ZipZap, which raised $2.2M in VC funding in 2014 from the likes of Angelist, 500 Startups and Blockchain Capital, brings significant innovations to the remittance industry by leveraging mobile technologies, digital payment solutions and traditional payment rails, with a remittance app that is fast, easy, and cost-efficient. The ZipZap team is led by CEO Alan Safahi, a serial entrepreneur with nearly 30 years of hands-on experience in the information technology, telecommunications and financial services industries.
This partnership with the Philippines’ leading Bitcoin service provider Satoshi Citadel Industries and its rebittance arm Rebit.ph will allow Filipinos in Canada to use the ZipZap mobile app, connect it their bank account, and conveniently send money back to the Philippines using their smartphones without having to know anything about Bitcoin as a transfer mechanism. By leveraging Rebit’s expertise on Bitcoin-powered remittances, the ZipZap mobile app will allow overseas Filipino workers to save time, effort, and a significant amount in fees as compared to traditional money transfer services.