This Indonesian startup says it struck gold in bitcoin, delivers currency in 3 minutes

For those of you who’ve been living on the moon, bitcoin is an unregulated digital currency that provides a way for folks to transfer money to each other over the web without using a bank or financial institution as a middleman. All bitcoin users need to do is install a wallet app to start trading with bitcoin.
The technology is disruptive and controversial because bitcoin spenders can make their transactions anonymously, and even pay for illegal goods and services like drugs andprostitution online. However, bitcoin can have positive impacts as well, and it may yet prove to be a useful tool for emerging markets like Indonesia, where 80 percent of the population don’t have bank accounts but still own mobile phones.
Internationally, the major bitcoin exchange players include Coinbase, CampBX, and itBit. Tiyo Triyanto, founder of the Indonesian bitcoin exchange startup Bitdoku, says he wants his company to become the Coinbase of Southeast Asia.

This post was published at Tech In Asia on 2 Dec 2014.