The State of Bitcoin Startups in Cambodia

Greetings Cambodia, and welcome to the 6th edition of the CryptoAsia newsletter. In this edition, we update you on the latest efforts to bring Bitcoin and blockchain technology to the Kingdom of Cambodia.

If you want to get involved, come to the next Bitcoin Meetup, 1 November 2018. Please like our Facebook page and join the Cambodia Bitcoin group. If you would like to organize a Meetup, become a speaker, or promote your startups then e-mail us at info@cryptoasia.co

CryptoAsia – The Little Startup That Could

Starting a business in Cambodia is easy. Starting a successful business in Cambodia is a different story.

CryptoAsia is the little Cambodian Bitcoin startup that could. Self-financed, we’ve been bootstrapping our way from the beginning. Battling regulatory confusion, fraudulent actors, and outright antagonism, it often feels like the world wants us to fail.

But when you believe in something you don’t give up. For us, that thing is the promise of digital currency. Bitcoin: the censorship-resistant, borderless, peer-to-peer payment network that is poised to make the world a better place. We still believe it.

We created a Bitcoin payment gateway based on Mycelium Gear. It was the first of its kind in Cambodia. Now, we are preparing to release our newest cryptocurrency platform. Click below to see a preview of the CryptoAsia Digital Currency Marketplace, currently under development.

DaPact – Blockchain Framework for MicroFinance

If you are looking for some microfinance startups to cheer for in Cambodia then look no further.

DaPact is arguably the most important blockchain project happening so far. Their lending platform, “lets existing microlenders perform credit operations as non-custodial entities – i.e. with no escrow of the loan principal.” It could revolutionize lending. View the video below for an explanation.

Coin Cafe & Bar – Building a Bitcoin Community

Coin Cafe & Bar opened in November of 2014, becoming the first Cambodian retailer to accept Bitcoin for payment.

No one has tried harder to build a community in Cambodia than Coin Cafe & Bar. They’ve hosted Cambodia’s longest standing Bitcoin Meetups. The first meetups drew only 2 or 3 people. However, the beginning of 2018 saw some of the largest Meetups with up to 30 people attending.

The next Bitcoin Meetup is 1 November 2018.

Cambodia’s Other Blockchain Projects

Sadly, Cambodia is littered with a few failed startup blockchain projects.

SunCoin, for example, marketed itself as a digital currency payment solution for Cambodia – a mission too often used as a front to deceive investors. The project was shut down, as is the case for most other blockchain projects in Cambodia.

Past failures haven’t stopped the latest newcomer from entering the market. Singaporean company LynPay announced their payment token plans for Cambodia. Unfortunately, as of October 2018, their website is inaccessible.

Latest Post From CryptoAsia – Altcoins

Check our latest blog post discussing the biggest altcoins in the world today.

If you would like to submit content to our blog or newsletter then please contact us for more information.

Join Us!

We need content creators! – Can you create videos for our Youtube channel? Are you a writer who can contribute content to our blog and newsletter? We are accepting contributions.

We need workers! – Are you looking for employment? CryptoAsia is always seeking talented employees for admin, web development, marketing, management, and sales. Send your resume to info@cryptoasia.co.

We need community! – Do you want to join the community? We’d love to see you at the next event.

You can like our Facebook page, check our event listings, and join the Phnom Penh Bitcoin Meetup group. Thanks for reading and see you soon!