Bitcoin may be a fast and cheap means to receive funds especially from overseas, yet it isn't usually the safest or even cheapest for all. There are fees which depends on the network at that particular time, and the price is volatile too. As for safety, it protects when you have knowledge on how to store properly, yet when careless, you may lose all your money. Therefore it is good but won't be said to be the best choice for all situation.
I will still chose Bitcoin over any other means to sens or receive money overseas because it is the easiest, fastest and safest. To send money via wire transfer, you will spend about 3 to 5 business days while other applications may even be longer with associates risk of losing your money. But through Bitcoin, you can spend few minutes or hours and your money will be delivered to the address and there is no huddles from anyone.