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Topic: Ok So I Just Sent £1000 of BTC to a Friend in Northern Namibia.. Now What? - page 2. (Read 4218 times)

full member
Activity: 357
Merit: 130
In Namibia you can use both ice3x.com and bitx.co, both exchanges will allow clients from Namibia. Namibians can also sign up with payfast.co.za to be able to accept bitcoins on their websites, or get paid in bitcoin, and the bitcoin will be converted to Rand or Namibian dollars and put into the bank account, the fee is 1.9% to do that. http://www.bitcoinzar.co.za/buy-bitcoin-in-south-africa/ same rules apply for Namibia.

This is interesting to know, thanks.
full member
Activity: 357
Merit: 130
OK, So I just sent £1000 of Bitcoin to a friend who is in Northern Namibia (just above South Africa).

He received the funds via an app on his phone - Mycelium..

The problem is we have no idea what to do now. Ideally he needs to transfer the btc to his local currency (NAD) or spend the bitcoin locally but noone there accepts bitcoin. How can we convert this money to something he can actually spend?

Thanks in advance.
Is this an made up story or real one?
If it's real then i belive there are few exchanges for sure and even if not, you can get plenty of buyers on localbitcoins.com.

I wish people would stop keep suggesting localbitcoins at a way to transfer btc to cash in somewhere like Namibia.

I just took a look and there is one seller for the whole of Namibia and he is actually based in London and he only accepts Western Union!
legendary
Activity: 966
Merit: 1000
OK, So I just sent £1000 of Bitcoin to a friend who is in Northern Namibia (just above South Africa).

He received the funds via an app on his phone - Mycelium..

The problem is we have no idea what to do now. Ideally he needs to transfer the btc to his local currency (NAD) or spend the bitcoin locally but noone there accepts bitcoin. How can we convert this money to something he can actually spend?

Thanks in advance.
Is this an made up story or real one?
If it's real then i belive there are few exchanges for sure and even if not, you can get plenty of buyers on localbitcoins.com.
newbie
Activity: 42
Merit: 0
In Namibia you can use both ice3x.com and bitx.co, both exchanges will allow clients from Namibia. Namibians can also sign up with payfast.co.za to be able to accept bitcoins on their websites, or get paid in bitcoin, and the bitcoin will be converted to Rand or Namibian dollars and put into the bank account, the fee is 1.9% to do that. http://www.bitcoinzar.co.za/buy-bitcoin-in-south-africa/ same rules apply for Namibia.
legendary
Activity: 1066
Merit: 1050
Khazad ai-menu!
OK, So I just sent £1000 of Bitcoin to a friend who is in Northern Namibia (just above South Africa).

He received the funds via an app on his phone - Mycelium..

The problem is we have no idea what to do now. Ideally he needs to transfer the btc to his local currency (NAD) or spend the bitcoin locally but noone there accepts bitcoin. How can we convert this money to something he can actually spend?

Thanks in advance.

It might help if you asked yourself what you are doing and why.  Why does your friend need exchange commodities?  Food?  Rent?  Real estate?  To pay his/her employees?  Who does he need to procure whatever it is from?  Apparently he wanted the coins so you sent them to him.  What's the problem?   How could we possibly help you with the information you have given us?   

I don't think you have covered the whole thread. Look at this.
As some of you guessed I didn't really send £1000 worth of bitcoin to Namibia but what I wanted to do was discuss and highlight the difficulties of using the currency in places where it would be most beneficial.
I am married into a Namibian family. My wife likes to send funds to her parents in Namibia every couple of months. She has been doing this for the last 9 years.

Currently they use one of her bankcards and she has given them her PIN. She uses a UK bank account specifically for the purpose.
So, when she decides she wants to send money she transfers money from regular account to the account her parents have a card for and just does a regular bank transfer. This works fine however she probably shouldn't have given her card and PIN to someone else.

Most people are not in a position to do this.

Prior to doing it this way or if their are some issues with the account she would use Western Union.

I showed her how simple is is to send btc if you have Mycelium installed on your phone. But we were discussing what you would do with it.

At this point LocalBitcoins is proberbly out of the question, The nearest big town is a two hour drive away. Travel to Cape Town involves a flight.
PayPal.. I don't know. I had a bad experience with it related to bitcoin previously.

I guess bitcoin just isn't ready for these communities yet.

Thanks, I hadn't. 

More to the point, it looks like you have fiat available and people are willing to accept it there.  If so, hold on to your bitcoin.  Gresham's law and all. 
hero member
Activity: 770
Merit: 509
Thats a lot of money. The problem is he needs to find either a local seller that it's into bitcoin, or buying whatever he wants with bitcoin itself and hoping someone wants to send whatever he buys to there.
hero member
Activity: 1372
Merit: 783
better everyday ♥
It's too bad there's no service like Bitpesa yet in Namibia like there is in Kenya and Tanzania:

https://www.bitpesa.co/

That'd make it really easy, if they'd did it the mobile money way like Kenya started with M-Pesa...
hero member
Activity: 821
Merit: 1000
For the best experience look for an exchange or localbitcoins ... using Paypal just does not cut it for me, unless ofcourse he/she plans to use paypal to buy further stuff.
legendary
Activity: 1050
Merit: 1000
OK, So I just sent £1000 of Bitcoin to a friend who is in Northern Namibia (just above South Africa).

He received the funds via an app on his phone - Mycelium..

The problem is we have no idea what to do now. Ideally he needs to transfer the btc to his local currency (NAD) or spend the bitcoin locally but noone there accepts bitcoin. How can we convert this money to something he can actually spend?

Thanks in advance.

It might help if you asked yourself what you are doing and why.  Why does your friend need exchange commodities?  Food?  Rent?  Real estate?  To pay his/her employees?  Who does he need to procure whatever it is from?  Apparently he wanted the coins so you sent them to him.  What's the problem?   How could we possibly help you with the information you have given us?   

I don't think you have covered the whole thread. Look at this.
As some of you guessed I didn't really send £1000 worth of bitcoin to Namibia but what I wanted to do was discuss and highlight the difficulties of using the currency in places where it would be most beneficial.
I am married into a Namibian family. My wife likes to send funds to her parents in Namibia every couple of months. She has been doing this for the last 9 years.

Currently they use one of her bankcards and she has given them her PIN. She uses a UK bank account specifically for the purpose.
So, when she decides she wants to send money she transfers money from regular account to the account her parents have a card for and just does a regular bank transfer. This works fine however she probably shouldn't have given her card and PIN to someone else.

Most people are not in a position to do this.

Prior to doing it this way or if their are some issues with the account she would use Western Union.

I showed her how simple is is to send btc if you have Mycelium installed on your phone. But we were discussing what you would do with it.

At this point LocalBitcoins is proberbly out of the question, The nearest big town is a two hour drive away. Travel to Cape Town involves a flight.
PayPal.. I don't know. I had a bad experience with it related to bitcoin previously.

I guess bitcoin just isn't ready for these communities yet.
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
I find this as a very interesting experiment.

I think that a service / directory with all possible ways to buy, sell and spend bitcoin for each country (region) needs either to be done, either to get popular/used.



I know a lot of ways to sell BTC in US/UK/western europe, but not in my own country. Maybe I could research more. But this is not the real problem.
The real problem is: if I don't know, can I expect my father, or my grandfather know?

There's still work to do if we really want this to become widely used, as a global currency.
legendary
Activity: 1066
Merit: 1050
Khazad ai-menu!
OK, So I just sent £1000 of Bitcoin to a friend who is in Northern Namibia (just above South Africa).

He received the funds via an app on his phone - Mycelium..

The problem is we have no idea what to do now. Ideally he needs to transfer the btc to his local currency (NAD) or spend the bitcoin locally but noone there accepts bitcoin. How can we convert this money to something he can actually spend?

Thanks in advance.

It might help if you asked yourself what you are doing and why.  Why does your friend need exchange commodities?  Food?  Rent?  Real estate?  To pay his/her employees?  Who does he need to procure whatever it is from?  Apparently he wanted the coins so you sent them to him.  What's the problem?   How could we possibly help you with the information you have given us?   
legendary
Activity: 1050
Merit: 1000
By reading the few posts before me, I would say that bitcoin is for primarily to be used within developing or developed countries. In under developed countries, the poverty would not allow people to use bitcoin as they would not have the correct resources to access and use bitcoin to it's full potential.
In an under developed country the people that would be able to use bitcoin may not have a good enough technical knowledge for in order to understand what they're doing. They may just treat their wallets as another piece of software on a machine, which could always be recovered by downloading again if something has to happen.
Obviously you can do that,but what happens when they haven't backed up?
This goes for the same with the financial aspects as since it's so easy to use bitcoin on illegal activities.
Q7
sr. member
Activity: 448
Merit: 250
As some of you guessed I didn't really send £1000 worth of bitcoin to Namibia but what I wanted to do was discuss and highlight the difficulties of using the currency in places where it would be most beneficial.
I am married into a Namibian family. My wife likes to send funds to her parents in Namibia every couple of months. She has been doing this for the last 9 years.

Currently they use one of her bankcards and she has given them her PIN. She uses a UK bank account specifically for the purpose.
So, when she decides she wants to send money she transfers money from regular account to the account her parents have a card for and just does a regular bank transfer. This works fine however she probably shouldn't have given her card and PIN to someone else.

Most people are not in a position to do this.

Prior to doing it this way or if their are some issues with the account she would use Western Union.

I showed her how simple is is to send btc if you have Mycelium installed on your phone. But we were discussing what you would do with it.

At this point LocalBitcoins is proberbly out of the question, The nearest big town is a two hour drive away. Travel to Cape Town involves a flight.
PayPal.. I don't know. I had a bad experience with it related to bitcoin previously.

I guess bitcoin just isn't ready for these communities yet.

Hmm...to think of it if you can find some buyers in ebay or local marketplace who would accept your btc in exchange for goods then ship it to Namibia, perhaps that is worth considering. I mean come on, there is bound to be something that you will find it useful and which you can easily get buyers for it. I know it sounds awful having to receive the items and then finding buyers who would buy those stuff and then only you get back your local currency but any way is better than nothing. Unless you can find someone in your country willing to pay you in your local currency in exchange for btc
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
As some of you guessed I didn't really send £1000 worth of bitcoin to Namibia but what I wanted to do was discuss and highlight the difficulties of using the currency in places where it would be most beneficial.
I am married into a Namibian family. My wife likes to send funds to her parents in Namibia every couple of months. She has been doing this for the last 9 years.

Currently they use one of her bankcards and she has given them her PIN. She uses a UK bank account specifically for the purpose.
So, when she decides she wants to send money she transfers money from regular account to the account her parents have a card for and just does a regular bank transfer. This works fine however she probably shouldn't have given her card and PIN to someone else.

Most people are not in a position to do this.

I guess bitcoin just isn't ready for these communities yet.

I was thinking about a scam, as I was doubting there's a phone network in Northern Namibia. This is no London! And driving to SA isn't an option, African roads mean the journey would take 3 days. So there's an opportunity. It's probably very small because of Northern Namibia being so remote, but Africa badly needs BTC-to-cash shops. In America, there used to be many small shops offering people without a bank account to cash their checks, the same thing needs to be done in every large city in Africa.

Otherwise, the credit card solution is a good one, but I understand it can only be done within a family.

legendary
Activity: 1904
Merit: 1074
Most countries around you with less infrastructure are gearing towards BTC. {BitX operates from within Botswana}

Kenya has also started to invest in BTC enabled ATM's {Albeit their first one} So they should not have to travel to Cape Town to get their money.

The BitX account just have to be linked to your local bank account and then you exchange it for fiat and have it deposited in to your local bank account.

It's not that difficult at all...  Wink
legendary
Activity: 2464
Merit: 1145
As some of you guessed I didn't really send £1000 worth of bitcoin to Namibia but what I wanted to do was discuss and highlight the difficulties of using the currency in places where it would be most beneficial.
I am married into a Namibian family. My wife likes to send funds to her parents in Namibia every couple of months. She has been doing this for the last 9 years.

Currently they use one of her bankcards and she has given them her PIN. She uses a UK bank account specifically for the purpose.
So, when she decides she wants to send money she transfers money from regular account to the account her parents have a card for and just does a regular bank transfer. This works fine however she probably shouldn't have given her card and PIN to someone else.

Most people are not in a position to do this.

Prior to doing it this way or if their are some issues with the account she would use Western Union.

I showed her how simple is is to send btc if you have Mycelium installed on your phone. But we were discussing what you would do with it.

At this point LocalBitcoins is proberbly out of the question, The nearest big town is a two hour drive away. Travel to Cape Town involves a flight.
PayPal.. I don't know. I had a bad experience with it related to bitcoin previously.

I guess bitcoin just isn't ready for these communities yet.
OK, So I just sent £1000 of Bitcoin to a friend who is in Northern Namibia (just above South Africa).

He received the funds via an app on his phone - Mycelium..

The problem is we have no idea what to do now. Ideally he needs to transfer the btc to his local currency (NAD) or spend the bitcoin locally but noone there accepts bitcoin. How can we convert this money to something he can actually spend?

Thanks in advance.

 Roll Eyes

My hope for humanity is dying little by little everyday...

what you can do is getting a credit card that you can load with btc or sell btc online/offline for fiat in SA

And he will be able to get one of these credit cards will he.
He doesn't have a proper address,  just a Po box.
Also, he doesn't, Have a Pc, just a phone so can't scan documents unless he goes to an Internet Cafe.
I doubt he even has a passport.

Just for the theory.
Yes your imaginery friend could get himself one with just a photo or soon/already anon prepaid cc's - no id check - that he can load with btc or you could do it and send him.
not a great danger of theft too because you can send a fresh card and load after he received it.
Imho way safer then what your wife is doing right now.
full member
Activity: 224
Merit: 100
When I saw title of this topic I was like. Wow, another topic how bitcoin is great and how can you send money across the world with no problems now.
But after reading every post here I am now little sad. People here are just  too optimistic over bitcoin in my opinion. Bitcoin is not good choice when you have no electronic infrastructure to back it up - then bitcoin is borderline useless. To sum this story up: You can't do anything with just smartphone with shitton of bitcoin on it. No when there isn't any bitcoin service :/ Sad really.

I agree. Especially when merchants are accepting bitcoins as payment, but sooner or later they're going to exchange it back to USD, GBP or whatever fiat currency they're using.

It would be good if they can just keep that amount of BTC(As they do in banks, depositing fiat), or buy more goods with that BTC, instead of having to exchange it back to fiat everytime.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
When I saw title of this topic I was like. Wow, another topic how bitcoin is great and how can you send money across the world with no problems now.
But after reading every post here I am now little sad. People here are just  too optimistic over bitcoin in my opinion. Bitcoin is not good choice when you have no electronic infrastructure to back it up - then bitcoin is borderline useless. To sum this story up: You can't do anything with just smartphone with shitton of bitcoin on it. No when there isn't any bitcoin service :/ Sad really.
legendary
Activity: 1778
Merit: 1043
#Free market
It's hardly anything unreasonable, getting angry? No it's just fucking irritating seeing people glance at the title or one post instead of looking at the whole conversation and then making up what the person has actually written throughout the whole thing and then picking a fight entirely based on that and making themselves look stupid.

If you think someone has made an insubstantial post, report it with the 'report to moderator' button.


On topic :
As some of you guessed I didn't really send £1000 worth of bitcoin to Namibia but what I wanted to do was discuss and highlight the difficulties of using the currency in places where it would be most beneficial.
I am married into a Namibian family. My wife likes to send funds to her parents in Namibia every couple of months. She has been doing this for the last 9 years.

Currently they use one of her bankcards and she has given them her PIN. She uses a UK bank account specifically for the purpose.
So, when she decides she wants to send money she transfers money from regular account to the account her parents have a card for and just does a regular bank transfer. This works fine however she probably shouldn't have given her card and PIN to someone else.

Most people are not in a position to do this.

Prior to doing it this way or if their are some issues with the account she would use Western Union.

I showed her how simple is is to send btc if you have Mycelium installed on your phone. But we were discussing what you would do with it.

At this point LocalBitcoins is proberbly out of the question, The nearest big town is a two hour drive away. Travel to Cape Town involves a flight.
PayPal.. I don't know. I had a bad experience with it related to bitcoin previously.


I guess bitcoin just isn't ready for these communities yet.

Can you explain better what is happened with paypal? A chargeback or they have blocked your paypal account? There is other new possibilities, like abra (but it is not open to all the world and it is 'needed' a bank account). The best option I can give you is to try search buyers on localbitcoins.
legendary
Activity: 1540
Merit: 1000
It's hardly anything unreasonable, getting angry? No it's just fucking irritating seeing people glance at the title or one post instead of looking at the whole conversation and then making up what the person has actually written throughout the whole thing and then picking a fight entirely based on that and making themselves look stupid.
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