Bitcoin is the Bitcoin equivalent of Western Union...  That is one of the main reasons it is so awesome & needed- send 5 cents or 5 million dollars worth for pennies or free even anywhere in the world. BTC transactions are essentially instant, and if the receiver has accounts set up with exchanges or trades with people in his area, he should be able to exchange it for his local currency or spend it in a short amount of time- hopefully quick enough to offset any major price volatility. I really think the Bitcoin price will stabilize over time, it is still very early for this innovative currency.

I enjoy spending Bitcoin and have found tons of options available for pretty much any item you would need, and getting easier everyday.