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Author Topic: Can Bitcoin be used to sent money to family in Cambodia ?  (Read 3064 times)
ShakyhandsBTCer
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June 14, 2014, 05:10:31 AM
 #21

You can send bitcoin anywhere in the world.

Just make sure that your family has a way to convert the bitcoin to fiat and/or convert the bitcoin they receive into the good/services that they need.

Compared to services like Western Union bitcoin is much cheaper.
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jabo38
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June 14, 2014, 05:26:46 AM
 #22

The US has Coinbase so it is very easy to turn USD into Bitcoin for about 1% in fees.  If Cambodia gets a similar service, then you will be able to send money to Cambodia for 2% and maybe even cheaper if the fees lower. 

It might not be possible to send money right now, but in the future almost all countries will have big Coinbase like companies.  Lots of money to be made there. 

I think in three years bitcoin becomes faster and easier and cheaper than banks, PayPal, or Western Union to just about any major country in the world. 

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bitcambodia
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July 01, 2014, 03:53:29 AM
 #23

I am in Cambodia and I buy bitcoins.  I'm on Localbitcoins under the same name.

Our bitcoin cafe in Cambodia: facebook.com/coincafecambodia
Blog: kirifarms.com/blog
DannyElfman
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July 01, 2014, 11:02:54 PM
 #24

The US has Coinbase so it is very easy to turn USD into Bitcoin for about 1% in fees.  If Cambodia gets a similar service, then you will be able to send money to Cambodia for 2% and maybe even cheaper if the fees lower. 

It might not be possible to send money right now, but in the future almost all countries will have big Coinbase like companies.  Lots of money to be made there. 

I think in three years bitcoin becomes faster and easier and cheaper than banks, PayPal, or Western Union to just about any major country in the world. 
There are bitcoin traders all over the world. The OP should check the marketplace section of these forums for potential ways to sell bitcoin for fiat (and/or goods/services) in Cambodia

This spot for rent.
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