Post
Topic
Board Bitcoin Discussion
Re: Bitcoin used for its actual purpose
by
jseverson
on 18/01/2018, 06:34:50 UTC
Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?

in my country especially in Bali, bitcoin use as a payment at a local store but unfortunately, I don't have the experience about this and maybe later if I am visiting Bali, I will take the chance to pay a cup of coffee with bitcoin. but in the rest city, I don't think that bitcoin is used as the payment. but personally, I use bitcoin to withdraw to fiat and sometimes I used bitcoin to buy electricity tokens with bitcoin. I heard in Jogjakarta, bitcoin is used as a payment for a coffee but unfortunately, I cannot find that cafe.

I hate to break it to you, but paying in Bitcoin is already banned in Indonesia. It seems to be especially strict in Bali. You may read up on it here:

http://www.thejakartapost.com/news/2018/01/15/bank-indonesia-police-prevent-bitcoin-transactions-in-bali.html

It's interesting how you mentioned Bali, and that's exactly where the crackdown is. Is Bitcoin trading really that proliferate there? I know Bali attracts a lot of tourists all over the world, and they may be foregoing buying your national currency because they can get away with Bitcoin payments. That could be why your government is upset about the whole thing. It would be great if we could have a local's input on this.