BitforTip – Knowledge is Money

Ever had that feeling what you know is useless and trivial? Well, nowadays, the market for answers is open, because of BitforTip, a Bitcoin-based answers site is now online wherein you can either ask a paid question, or answer and earn!

To use BitforTip to ask questions, one must first fund their account with Bitcoins. Once your account is funded, you can now set a reward for your question, and the Bitcoins used to fund it are now held in the BitforTip escrow — to be paid after you deem the answer correct and accurate. You can ask just about anything, from who was the artist of whichever song, to where you can get items for a cheaper the cheapest price!

Speaking of places where you can get items for a cheaper price, a member Zeus asked where he could get a Samsung Galaxy S6 with 32 GB memory  for less than AUD 750, and through BitforTip, got it AUD 112 cheaper. In Philippine Pesos that’s around PhP 3745.80.

As for earning, you can also start answering the questions posted on the site and getting Bitcoins from your the simple, complex or clever things you know. As mentioned above, the member who answered Zeus’ question about getting a brand new phone for a cheaper price, got around 0.004 Bitcoins. There are many more questions out there, where you can answer for coins. It’s definitely an easy way to get some bits from putting your wisdom and knowledge to good use.

The site is rather new, but the design is simple and minimalistic, and so far there haven’t been that much bugs in their system. You can either sign up using your Facebook account, or make a new one in their site itself.

They’re holding a giveaway for the first 60 members within their site:
Check it out and get some free bits to try out their site!

Whether you want to ask and get a guaranteed answer, help out some people with your knowledge or earn a few bits for less than 5 minutes of work, BitforTip is the right place for you.

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Recently, Rebit.PH – a Bitcoin remittance startup based here in the Philippines partnered with some notable companies around the globe. Rebit.PH is slowly growing, branching out not only to provide domestic or say, local remittances, but is easing the processes of Bitcoin remittance from overseas through the help of key partners across the globe.

One of those partners we mentioned above, is the alt-coin to Bitcoin hero,, as Satoshi Citadel Industries (Rebit.PH’s mother company) announced last September 29, 2015. is a means of instant and automatic alternative cryptocurrency exchange to Bitcoin, which can be used with custom payment gateways to allow the merchant to receive Bitcoins after the exchange. This would allow more ways to send money around the Philippines or from abroad, as some people would branch out to alt-coins for their added functionality, but would prefer Bitcoins as a means of payment because of its relative stability compared to these alt-coins.

Another would be ZipZap, a global money transfer application based in California. It wouldn’t exactly be based on Bitcoin, but through ZipZap, Rebit allows more ways of remittance from overseas (in the United States of America). This would be extremely beneficial for many Filipinos, especially for the large bulk of Oversees Filipino Workers living in the USA.

More news from Rebit and SCI are to come. As one of the most innovative and steady-growing startups centered on Bitcoin here in the Philippines, we have a whole lot more to see in the future.


OFW’s are the the modern-day heroes of our country. They embody the sacrificial spirit of the Filipino people. To leave one’s homeland, one’s family, in order to pave the future for one’s loved ones is not an easy thing to do. That may be a bit of an understatement. It requires total dedication, and selfless love in order to accomplish such a task. Over the years, more and more of our kababayan decide to trod this path. They send money overseas in order to support the pieces of their heart that they left back home.

BeamandGo: Philippine Festival 2015 at Yoyogi Park, Tokyo, Japan

BeamandGo Team in Japan showing some love

This is where most of the complications lie. Money has always been a source root of complexities, misunderstandings, and issues. There have been many cases in which the money ,which was earned through hours, weeks, months, of sweat in a foreign, alien land, does not find its mark. In other words, it has become misused, and instead of being of help to the designated people, they become wasted on the guilty pleasures of an irresponsible individual. It has been portrayed countless times, a tito or tita who takes care of the OFW’s children, use the money to gratify their own selves. This is a very grave situation, and one which Beam and Go, aims to eradicate.

Headed by CEO, Jonatha E. Chua, their aim is to provide an alternative way to our OFW’s to support their loved ones instead of just sending cash. They present the option to buy food, medicine, health care, insurance, education and other essentials for your family in a hassle-free way. How is this possible? Their answer lies in digital gift certificates. These certificates will be directly sent to the phones of the target individuals. This eliminates the middle man, making it a purely straight transaction.

BeamandGo will also soon be integrating Bitcoin as an added alternative, together with the digital certificates. Due to its being a P2P (peer-to-peer) system, it fits the goal and aim of BeamandGo: to eliminate the middle man. In this new light, Bitcoin can actually be factor of the bridge that will gap OFW’s and their families. We are still yet to see if it will deliver on its potential, and if can go side-by-side with the already existing digital certificates that the OFW’s are more opt to use at the moment.

The start-up also makes their presence known through outreach activities. Only recently, the Beam and Go team went to Iriga city to meet with a number of OFW’s and their families, saying that digital certificates could never amount to human interaction.

This is a factor which start-ups often tend to ignore, the fact that technology is only a medium in which we express the solution to a problem that we are trying to solve. We are not robots, or pieces of artificial intelligence. We are still brothers and sisters at our cores.

Recently, the Philippine government stated that Balikbayan Boxes are now subject to inspections under the Bureau of Customs (BOC). The contents of these boxes were previously un-taxed and since it contained gifts from Overseas Filipino Workers to their loved ones in the Philippines. Now that the boxes are subject to inspection due to recent smuggling issues regarding these boxes, what exactly would that mean for our OFWs?

Most Filipinos, both in the mainland and OFWs are against this law, since these boxes are not only boxes full of stuff, but are fruits of hard work and labor apart from family, and are material proof of the memory of their loved one(s) abroad. However, some people abuse this privilege granted to the Filipinos by shipping off high-end and illegal commodities through these giant gift boxes.

Most would stuff these commodities deep down the box, and around it, place small items legal to be transported to the Philippines and sent through forwarding businesses like Manila Forwarder. This would be done to escape taxes from the BOC, but is the very reason this law was passed. The Philippine Bureau of Customs have come across a number of cases wherein these “Balikbayan Boxes” contain smuggled appliances and many different goods illegally transported to citizens of the Philippines. An estimated 50 Million Pesos is lost because of this every year. Though the inspections seem very intrusive, the concept of the Balikbayan Box will still be observed by the BOC, as they will only inspect the Balikbayan Boxes which are not accompanied by an actual OFW coming home from overseas, thus the name “Balik-Bayan” which means “Coming Home” in Filipino.

Because of these privacy issues, Bitcoin may be used to instead send money directly through wallets, or due to Bitcoin’s volatility, through local remittance services like Rebit to allow loved ones and/or friends to purchase their needed commodities directly rather than to have it shipped from abroad, take weeks to arrive, torn open and possibly confiscated by the BOC instead.

What is your opinion on this matter? Mail it to us at [email protected]

Some people think a digital currency would usually mean something like gold pieces from a video game or credit for online shopping, and while that would be true, the same just can’t be said for Bitcoin. The cryptocurrency has grown so much since its birth in 2009, and before its peak back when $25 worth of pizza were bought with 10,000 BTC. Sure, the exchange rate is just a meager fourth of what it was back then in 2012, and whether or not we see Bitcoin restored back to its so called “glory days” with soaring conversion rates, but it’s undeniable that this digital currency has been, is and will continue to be a big deal. Here in the Philippines, Bitcoin is still growing, but we’re getting there, nonetheless, as paying your bills has become easier with bitcoin.

That’s right. No more going to the local Bayad Center or your nearby Meralco branch just to pay your electric bill. allows you to get that over with real quick.

And not just that. Need to pay the Maynilad water bill? Credit card expenses due? Cignal needs a boost? Out of load? Need to pay your tuition for this semester?

Just by going to, go to Bill Payments, fill in your credentials and hit pay bill. Do note however, its better to pay way before the deadline. Just like that and you won’t have to whine about having to walk out when its that time of the month and the deadline’s up.

When you’re asked to go to the mall to pay your bills or make a roundtrip across the entire city to pay for electricity, water and school, why not just boot up your laptop and pay from there? So make sure to check out next time that happens.

As a fourteen-year-old high school student who has to balance studying for a test and writing up an article, you’d assume my answer definitely has to be a yes, but say you had yourself quite a debt, and you’re flat broke with not a single peso in your pocket. Could bitcoin save you from such a crisis?

Well, yes. As long as you have skill and talent you can pretty much at least get somewhere in paying your debts. You’re a graphics artist? Why not show off your work and try to get hired by an indie game development team or a web developer needing resources? Think you can write music or voice act? How about HTML or CSS? There are many things you can get into to try and pay off your theoretical debt.

So yes, you can use it to get yourself a few extra bills in your pocket, but you shouldn’t exactly depend solely on bitcoin to pay for all your bills. Sure, if your income from bitcoin is really that big, why not, right? Still, bitcoin is better as a backup plan, if not just another bonus method of income. You’re better off doing your actual job than do a bitcoin job at the moment, but we’re not really answering the question.

For a very serious question, there’s really no serious answer that I can give. Startups that were successful would quickly jump in and say yes, and meanwhile bankers that lose from bitcoin’s growth would just say no. The typical bitcoin community member would try to get you to jump into the bandwagon and join in, while there’s always the guy who claims bitcoin is a Ponzi scheme (which I seriously have to keep saying every now and then, no it’s not!).

The truth in the end is that the question is way too broad to be answered; yet it’s still a very common query asked by newcomers who just recently discovered bitcoin and are interested. So take it from a young startup just making his first steps into the bitcoin community. I’m just a student, and I get to do what I like and want and for it I’m earning money and making friends.

From what I have gone through, to the people I’ve met, yes. Bitcoin is worth getting into. As long as you can persevere and work hard, something will surely come out of your bitcoin career.

Summer is long over, but do you really have to wait until the next holiday to book a flight or a reservation? The best resorts and hotels open slots ahead of time, and they’d be overloaded with callers and clients by the time December or summer arrives once more, just to be disappointed that they were all taken. Here’s a guide to prevent that from happening to you, and with bitcoin right by your side, you’ll be able to do it even faster and safer.


If you’re looking for simplicity, look no further than BTCTrip. Whether you’re from Manila or Cebu, it’s as simple as placing in your departure airport, your destination, leave date and return date. Then you can just tap ‘Search’ and it will grab you a list of flights that you can jump into and all the details you’ll need to know. So what’s the kicker? Well, you can buy a ticket to that flight with bitcoin, and just as simple as that, you’re all signed up and ready to fly!

Headed for Batanes? Book a flight to Basco! Bohol? Boracay? Or perhaps you’re going for an international flight? Headed for Tokyo or New York? Paris or London? BTCTrip makes the search easier, and paying fees with bitcoin minimizes transaction fees and additional costs your local flight agency or your airline might want to grab from you.


CashCashPinoy and MetroDeal are deal and discount sites, but it can be a lifesaver if you’re looking for a cheap steal. With stays at hotels or resorts, some including flight fees going as much as 25 and occasionally the lucky 95% off, it definitely is a site you should pay attention to. Maybe the flight you just booked was 50% off at CashCashPinoy, and it doesn’t hurt to check.

You could snag a trip to Cebu for half a grand, or a flight included deal to Boracay for two thousand from time to time, and once again, you can pay with bitcoin. These deals usually run a week, so you wouldn’t want to miss out.

So if you find yourself bored out of your mind during a holiday, now you can just grab your digital wallet and get anywhere with it, quite literally. So where have you decided to go this year?

Earlier this week, NewsBTC Philippines interviewed Katalyst’s Joe Maristela.
An angel investor in FinTech and Bitcoin related ventures.


NEWSBTC Philippines: What drove each of you to start

It was a series of independent deals earlier in 2015 that led to us getting organized and putting together a structure around us to help us act on more opportunities in a more efficient way. I was in the Business Process Outsourcing business and have been for the past 5 years, not unlike Paul Rivera of Kalibrr — who also came from the BPO Business. But my BPO business doesn’t take outside accounts. Two deals came from being in this industry though. One was an offshoot of deals with me and my dad in California were already doing as accredited angel investors — in healthcare start-ups. Another solved a problem that almost all BPOs have: b2b remittances, and that’s where bitcoin came in.
Same with Pinky Natividad, another member of the Katalyst team. We were working together on events, and marketing projects. she came from an accounting/numbers background. It was a perfect fit, we saw opportunities and we didn’t just want to invest for profits. We have international backgrounds and we knew and felt deeply about the Philippines’ financial situation. Our work needs to address this, so we’re a practical business we do acknowledge the requirement of profits, but at the same time, we know that if that’s all we focus on: we’ll end up with the status quo: big banks that don’t care about the unbanked — otherwise they would’ve found a way to get them to get bank accounts, get credit, etc. (instead of loansharking—sorry to say), and we’d end up with an economy that was still mainly/mostly based on labor. which is what the Philippine economy’s essentially been based on. Labor. Not ideas. Labor. Not creativity or inventions. Just labor — with OFWs sending remittances to the PH, and manpower in manila to staff BPOs. That’s gotta change. So ‘’ is born of this ambition to be a catalyst for startups of change and progress, one of the first things that Pinky did as CEO of Katalyst was to quietly and slowly roll out a campaign called “forwardph” “ForwardPH”. You’ll see folks tagging “ForwardPH” with projects and initiatives that they might be working on at school. in their community. Doesn’t necessarily need to be a startup. Kind of like YouthHack—they try to get students to start thinking of entrepreneurship at an early age. and #ForwardPH — we’re trying to get founders to think about social impact at an early stage in their start-up.

In SF, a company called Salesforce is run/owned by Benioff, a partner with my family in healthcare. He’s donated clinical spaces, hospitals, etc. He requires of their applicants new hires and current employees to dedicate at least one day a week to community service because there’s an extreme income equality in San Francisco, actually it’s pretty disheartening to see actually. if you’ve got a heart, you’d feel pretty guilty. two blocks from Twitter HQ, there are drug addicts on the street just passed out on the curb. Benioff is an example of something aims to inspire and instill in founders in the PH. We already know all too well that greed’s overcome the PH for so long — and corruption … so it’s justified, to be wary of it, maybe even paranoid of greed, especially when there’re valuations such as GrabTaxi’s floating around

NEWSBTC Philippines: As a venture capital, what do you look for in start-ups before funding the team?

We obviously compartmentalize while trying to stay sympathetic and empathetic –need to keep an open mind as much as we can otherwise we might miss out on a great deal, but basically, hastily, we can throw pitches into a few bins. One bin is pure concept, no proof of concept, hardly any hardware or anything material to speak of. We’ve entertained pitches for apps without even a UI sketched up. kind of ridiculous, but again, we need to keep an open mind. Another in that early stage (pre-seed stage), is the proof of concept bin. They’ve got something that barely works, but they haven’t yet tested it in any kind of market. That’s all pre-seed money. If we were to invest in anything at those stages, we’d basically be acknowledging that we’re only investing in an idea and words from the person. We look to classify and categorize. The broader categories of course are pre-seed, seed, and marketing (pre-series A). We figure out where they are then there are two other bins that we use — super gross and general areas there. Either this thing is gonna monetize its way to revenues (which means that it’s gonna need a billion users) or it’s gonna be a premium service … if it’s a premium service, it’d better have a rich market … enterprise … and they’ve gotta have an account executive to be able to deal with managing enterprise accounts. Consumers facing premium service… those are almost always going to be more of the ‘monetize a billion users’ type of thing, ’cause either you price out your growth or you don’t have an efficient enough tech/platform/business model to bring prices down enough for there to be that growth. It’s all just a bunch of levers and switches that you have to adjust to see where/how the startup stacks up. During YouthHack Manila, we covered the idea of an addressable market and an obtainable market. The convention workshop folks mentioned to the YouthHack class is usually 1% at most. If you go to Y Combinator for example, and you pitch to them, and you say your addressable market is the $20b market of remittances flowing to the Philippines. IF they agree with you on that (huge “if” there), they’ll only ever assume as much as 1%, and that’s your max potential. As an investor that’s just a #defensemechanism.


NewsBTC Philippines: What can we expect from in the future?

Katalyst is basically doing a deal a month. Our evaluation team has a huge pool of startups but honestly most of them are very very rough. Katalyst was on ANC the other day,. if you can find the vid, we’re there and we talk about how the Philippines will invariably yield its first billion dollar startup … invariably #unicorn. For all the same reasons that the BPO industry’s done so well here — cultural compatibility; work ethic; demographics of our working population — the startup scene out here will do better.

NewsBTC Philippines: Alright, here’s our last question. What is Katalyst’s direct connection with Bitcoin?

Well’s angel investor Joe Maristela is leading’s seed round, and they’re continuing to evaluate FinTech businesses, because of what we mentioned… big banks — they’ve been there so long. Status quo right, nothing’s going to change. Not any time soon anyway, so investment in new FinTech companies is the only way. Something like Biggest remittance service based on bitcoin in the world. They do $20m/year in remittances, and they’re a just a year old. SCI.PH owns that. Its growth is crazy, and that’s just remittances.


If you’ve read the first part of this episodic informative article series, then you should be introduced to bitcoin already. You should already have a bitcoin wallet, know your bitcoin address and you should have an active presence in the community. So you’ve gotten yourself some bitcoin, now what are you going to do with it? You’re not exactly going to twiddle your thumbs again until something happens right? Just think of it, your first purchase. What could it be? That nice handbag or that new video game you’ve been saving up for all year? Isn’t it exciting? Well, what if you could pay for it – with bitcoin?


So you already got yourself money by being on your computer all day long? Well, why not make it even more 21st century by spending that money being on your computer all day long? There are already many Philippine services you can spend your money on, from CashCashPinoy and MetroDeal we’ve already mentioned so many times and through going to the local community groups to see if you can come to a deal. Certain merchants accept bitcoin on OLX and other peer-to-peer merchant sites, so why not?

Bitcoin transfers are quicker and more secure, but they can be fraudulent, so before buying anything, ensure that the merchant you’re buying from has a good reputation and has good and positive feedback from previous customers. If the item you want can be found online and are purchasable with bitcoin as a payment method, you’re in luck.


If you ever had the misfortune of having to deal with a site that has what you want but doesn’t accept bitcoin as a payment method, it may be a bit tricky. If you want something on Amazon or eBay, a gift card might do the trick. The best place to get gift cards are on Gyft, which is for US users only, so you may want to chat up a friend or a community member who can get that for you, try other sites.

PayPal can be a handy, as PayPal isn’t exactly confident and comfortable with bitcoin around the place, and they’re pretty open about it. If you really positively have to use PayPal, you can try having it traded through a merchant or follow the next part of the guide.


For those of you whose fathers, mothers and relatives are Overseas Filipino Workers or OFWs, you may already be familiar with remittances. This is money sent by a worker abroad to his or her family, and while you’re not exactly the target audience, it’s still pretty great and reliable. and allow you to send bitcoin and pick it up at their HQ for free or at your local LBC, Cebuana Lhuillier and so on for a little fee. You can even have it sent to your savings account.

Through this, you can get your money as Philippine Peso and even send it to a loved one if you need to. Just like that, and you can spend your “bitcoins” just like regular money now.

Sure, we may not have fancy bitcoin ATMs all around the place (though if you live in the Makati area you may be in luck) or currency exchanges just next door, but we’re getting there. I hope that this guide has helped you in your future endeavors with bitcoin. It’s a tough world out there. And that’s it, The Filipino Kickstarter for Using Bitcoin. We’ve covered how to get started and what to do once you’re all set, and now it’s your turn. How will you kick your career further to the goal?

The Bitcoin Organization Philippines or BOP is a nonprofit organization, and a community of Filipino Bitcoin enthusiasts, where each can share ideas, speculate and organize meetings/meet-ups with fellow Bitcoiners. July 25, 2015 – Saturday, the organization had a meet-up, and hosted a booth at YouthHack Manila 2015’s Startup Fair.


Miguel and students at the BOP Booth

Several members of the Bitcoin Organization Philippines were present during YouthHack Manila 2015, as they managed the organization’s booth. Miguel Antonio Cuneta and his colleagues helped informing students, future tech entrepreneurs rather, about Bitcoin.


Katalyst.PH @ YouthHack Manila, a venture fund and member of the Bitcoin Organization Philippines was a major sponsor of the event. Katalyst also hosted a start-up workshop/presentation for the YouthHack Startup Challenge 2015: “Developing and Marketing the Next Unicorn Product” to educate and inform aspiring entrepreneurs about the key to success. The venture’s big name throughout YouthHack and its connections to Bitcoin therefore piqued several young entrepreneurs’s curiosity towards Bitcoin, while visiting the Bitcoin Organization Philippines’ booth.

The Bitcoin Organization Philippines’ booth during YouthHack MNL 2015

We may be seeing more of Katalyst and the Bitcoin Organization Philippines in
more hackathons, financial workshops and tech conventions in the Philippines in the future as both slowly extend their reach throughout the country.


NewsBTC Philippines has scheduled an interview with Katalyst.PH, and we may be hearing more of their plans early this week. Stay tuned for more corporate Bitcoin news in the Philippines.