Satoshi Citadel Industries

Satoshi Citadel Industries is a Philippine startup company that invests in and builds Bitcoin services and products for the Philippine market for the purpose of financial inclusion. It was founded by Filipino entrepreneurs John Bailon, Miguel Cuneta, Nick Galan, and Jardine Gerodias in March 2014, and is headquartered in Metro Manila, Philippines. It serves as a holding company for at least six different ventures in the Philippines Bitcoin industry.

History

Satoshi Citadel Industries (SCI) was founded by John Bailon, Miguel Cuneta, Nick Galan, and Jardine Gerodias in the first quarter of 2014. The founders identified a need for alternative e-commerce solutions due to lack of existing infrastructure in the Philippines, and decided to use cryptocurrency technology as a platform for their services.

Growth and Expansion

By August 2014, the company developed six bitcoin ventures: Digital payment service provider Bitmarket.ph, which enables Philippine merchants to accept digital payments, Bitcoin Remittance company Rebit.ph, which allows people to remit money to the Philippines using Bitcoin, allowing them to save money on remittances, Bitcoin Faucet/social media service Bitstars.ph, a website that rewards users with Bitcoin for submitting photos Bitcoin exchange Coinage.ph, the first enterprise-grade orderbook exchange in the Philippines, the Philippines' first Bitcoin bills payment service Bills.ninja, and Prepaid Bitcoin stored Value card provider Prepaidbitcoin.ph.