Following are the major Bitcoin news of the day
SCI Acquires Philippine Bitcoin Exchange
Bitcoin service company Satoshi Citadel Industries (SCI) recently acquired Philippine exchange BuyBitcoin in order to expand its international portfolio. For obvious purposes, the FinTech startup will now focus on simplifying the remittance market within the Philippine market by utilizing Bitcoin’s universal features. You can read the full report here.
BitPay Report Shows Optimistic Bitcoin Adoption
Bitcoin payment processing company BitPay recently published a report, explaining how the digital currency is gradually being treated more like a currency than commodity. Disregarding the falling Bitcoin value, the report showed how the users around the world, bit-by-bit, are using the cryptocurrency as a medium to exchange for goods and services. You can read the full report here.
Chile Digital Currency Exchange SurBTC Launched
Bitcoin exchange SurBTC recently announced it launch, eventually becoming one of the first full-fledged digital currency companies to have erected on Chilean soil. Up until now, the Chile market was lacking initiatives that could boost the cryptocurrency sector in the country, probably due to the absence of regulations for such businesses. However with the launch of SurBTC, this might just change. You can read the full report here.