Three years may seem like a short span of time, but in the startup world, months can seem like years, as anyone who is involved in a startup can attest. The grind takes its toll on more than 90% of startups within the first 36 months, and most do not even make it this far.
In the Bitcoin and Blockchain world, however, three years is a lifetime. The technology itself was invented only around eight years ago, and Bitcoin startups started coming out en masse around 2012 onwards. Needless to say, surviving for three years in this cutthroat industry can be already considered an accomplishment.
Our secret? Instead of trying to become a “unicorn” startup, we ended up being a Cockroach startup. Want to know what it means to be a Cockroach startup? Read more about that here.
Yet SCI is not just surviving - it is thriving, growing, and doing some serious disruptive butt-kicking.
As of today, we have grown from just a handful of founders to more than 40 bright, young (and some not so young) minds working as a team to build some of the best Bitcoin-powered services available anywhere in the world. Our services have never been better and more streamlined to achieve our goal of building a bitcoin ecosystem in the Philippines. We have the full backing of the Korean tech giant Kakao, as well as the Philippine Central Bank’s approval of new regulations that are favorable to our industry.
Our mission has always been to provide everyone with equal and easy access to world-class financial services, which works hand in hand with our vision of bringing financial inclusion to the millions of unbanked and underbanked, as well as to build the best money-transfer network for Overseas Filipino Workers. We are happy to share that SCI is right on track towards these goals. Transaction volumes are at an all time high, the number of new partners growing by the day, with the added bonus of the price of Bitcoin on an upward trajectory, rising along with transaction volumes and global adoption.
One Bitcoin, as of this writing, is at $1600+ USD. Considering it was only $200 just two years ago, it is a great indicator that the technology upon which we built our business has a solid foundation and market support. We are at the cusp of a shift in the way Bitcoin is seen by the world, both as a technology and as a currency. SCI, along with the rest of the Philippine Blockchain industry, is working non-stop to make sure that when this technology matures, The Philippines will be one of the first countries to reap the benefits.