Bitcoin enthusiast wants to set up the virtual currency in Cambodia

10-bitcoin-automated-tellerLocal entrepreneur Ki Chong Tran believes he has the solution to many of Cambodia’s problems.

Look no further, Tran says, than bitcoin.

Should the 26-year-old mixed martial arts trainer and 3D-printing business owner get his way, the widely used but controversial digital currency will arrive in Cambodia within the coming weeks, and the capital will be home to two bitcoin ATMs.

On March 1, Tran submitted what he described as a “long-held weight off his chest” – a six-page proposal to the New York-based Bitcoin Foundation outlining all the ways the virtual currency could help his country.

“I’ve been wanting to do this for a long time,” Tran, who has his own stock of bitcoins, said.

The proposal, the first documented effort to introduce bitcoin to the local market, hopes to land one of the foundation’s annual grants, which rewards applicants with funding in the form of bitcoin. He’s asking for $100,000 worth.

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Original Source:

http://www.phnompenhpost.com/business/bitcoin-enthusiast-wants-set-virtual-currency-cambodia