[2015-08-09] Ex-Goldman Director points out bitcoin opportunities ∙ IHB News™

[anirgu]

Despite the fact that there are a limited number of merchants accepting Bitcoin in Southeast Asia, cryptocurrency companies are entering the region to tap what they believe to be a huge potential.

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[Kakmakr]

The secret to the success in this area is that of the world’s $500 Billion international remittance market, $250 Billion is in Asia. That is a huge plus point for growth, and the fact that only 4% of Cambodia’s population is banked, 21% of Vietnam and 27% Lao and Philippines.

The serious investor would most certainly tap this market, and take on the giants like Western Union and MoneyGram. Who would think, Bitcoin could make such a big difference in that area of the world.   

[anirgu]

It has to be a slow play though. In India there are no buyers for the bitcoin yet.

[Seal]

I never knew he was a singer!