Rebit.ph Now Charging 0% on Remittances

Rebit.ph, the Philippines-based Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term remittance service, says it is no longer charging fees on transfers.

In an announcement of reddit, the company positioned the move as a result of its success since launch last July, which exceeded even its own expectations.

In the final months of 2014, the service reportedly experienced a monthly growth rate of 150%. At the time, they were charging 1% on transfers, which was still highly competitive relative to traditional fiat-based providers like Western Union and MoneyGram.

With such success, the move would seem counterintuitive and unnecessary. It also raises the simple question of how the company intends to turn a profit, a question which is relevant for several emerging wallet/transfer startups also offering free services. It is possible that once a desired critical mass of loyal clientele is achieved, the employment of a freemium model will garner revenue from tangential services.

Commenters have pointed out that the ability to transmit for free, including the absence of conversion fees, can potentially make for some interesting arbitrage opportunities. Bitcoin prices, when calculated in terms of dollars, can often be higher in the region. However, such opportunities need to also account for fiat-fiat exchange rates/Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, as well as the sought premium to hedge against bitcoin price instability.

Rebit also notes that the zero-fee model is applicable for bank deposits in Metro Manila, and other methods may incur fees.