Can Bitcoin be used to sent money to family in Cambodia ?

[infocambodge]

Hello,

I just heard of bitcoin.

Paypal is not fully supported in Cambodia. Cambodian can accept Paypal but not witdraw from it to their bank account.

So is it possible to send them some paypal amount. Then they would convert to cash using bitcoin.

But how would this cash be transfered to their account: through Wiretranfer ? Where, How ?

Thanks.

[Matt Corallo]

You can gladly send them bitcoins, the problem is getting them into the local currency.  Unless there is a bitcoin exchanger who will exchange for KHR they would be out of luck.  I haven't seen one, but maybe one will turn up eventually.

[bitdragon]

Just sent you a PM with, I hope, a workable proposal

[stakhanov]

Just sent you a PM with, I hope, a workable proposal

This is why bitcoin is awesome. Bitcoin, finally some competition for Western Union?

[jakov]

You can gladly send them bitcoins, the problem is getting them into the local currency.  Unless there is a bitcoin exchanger who will exchange for KHR they would be out of luck.  I haven't seen one, but maybe one will turn up eventually.

There is a fixed-rate exchage service for Bitcoin in Cambodia.
Here is the URL: http://bitcoincambodia.com/

It is possible to exchange BTC for USD, or back. People why live in Cambodia not need a bank account or something like that. The money will be transferred via WING, which is available in almost each city. The receiver in Cambodia need only a phone number.

[jonald_fyookball]

And so it begins...

[windpath]

There is a fixed-rate exchage service for Bitcoin in Cambodia.
Here is the URL: http://bitcoincambodia.com/

Bitcoin Cambodia Current Buy Price: $405
Coin Cadence Bitcoin Exchange Price Index Buy Price: $436.47
Bitcoin Cambodia Fee = 7.77% (calculated, not disclosed on site)

That is pretty high for BTC/USD transaction!

[bryant.coleman]

Bitcoin Cambodia Current Buy Price: $405
Coin Cadence Bitcoin Exchange Price Index Buy Price: $436.47
Bitcoin Cambodia Fee = 7.77% (calculated, not disclosed on site)

That is pretty high for BTC/USD transaction!

If you send money with Western Union, you will be paying 10-12% as fees. And you need to manually travel to the nearest WU office, if you want to receive the money in Cambodia. This is far more cheaper and convenient.

[jakov]

There is a fixed-rate exchage service for Bitcoin in Cambodia.
Here is the URL: http://bitcoincambodia.com/

Bitcoin Cambodia Current Buy Price: $405
Coin Cadence Bitcoin Exchange Price Index Buy Price: $436.47
Bitcoin Cambodia Fee = 7.77% (calculated, not disclosed on site)

That is pretty high for BTC/USD transaction!

bitcoincambodia.com is cheaper when you compare it with Western Union. And Western Union is only in big cities available, but WING is everywhere. And to pickup money with WU you need a ID-card. But many people in Cambodia have no ID card.

[leopard2]

localbitcoins maybe?

[beetcoin]

it could work.. i don't know how much integration is available in cambodia, but i do know that there are quite a few people in vietnam (ho chi minh city) who accept btc.

[waldox]

im sure someone in cambodia wants bitcoins
trade with them for local currency

[ChuckBuck]

localbitcoins maybe?

Yea, Local is worth a shot there:


https://localbitcoins.com/country/KH

[thehun]

I have sent money to and from Argentina (another country where it is very hard to get money in or out) several time using Bitcoin. I mostly contact people on Localbitcoins and ask them to meet with the recipient of the funds, but now some people in Buenos Aires are even offering free delivery of the cash for higher amounts (so they won't even have to walk around with lots of money in their pockets).

[Jace]

Most definitely. You can use Bitcoin to send money even to the moon! (pun)

Bitcoin is gonna do for money what Email did to regular mail. Any place on earth where there's internet, you can send mail - and now with Bitcoin, also money. Easy as that.

[Swordsoffreedom]

I believe yes if they have a mobile phone and can download an online wallet
The question is finding an exchange to convert the bitcoins into local currency
Oh edit looks like there are services in Cambodia that's neat I learned something

[jc01480]

And so it begins...

I like a good conspiracy every now and then.  Don't you?

[jonald_fyookball]

And so it begins...

I like a good conspiracy every now and then.  Don't you?

i mean, adoption is taking off...people want to send to cambodia, etc.
will be happening more and more

[Ron~Popeil]

And so it begins...

I like a good conspiracy every now and then.  Don't you?

i mean, adoption is taking off...people want to send to cambodia, etc.
will be happening more and more

Yep. I think international currency transfers are the first step toward massive adoption. Once people see how easy and low cost it is they will bypass the conventional system in favor of efficiency and lower cost.

[ShakyhandsBTCer]

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.