Over the past 3 years, the list of Bitcoin accepting merchants has grown worldwide. During that time, Bali has emerged in the public consciousness as a Bitcoin-friendly paradise for people from around the world. Over that period of time, the value of Bitcoin has risen over 365% and tourists now seek out destinations where their new Bitcoin wealth can be realized.
Bali is now home to dozens of Bitcoin accepting merchants and tourists have spent well over 1.8 Billion IDR in Ubud alone.
Benefits for Bali Merchants who choose to accept Bitcoin
- Unlike credit cards, Bitcoin transactions are irreversible
- Accepting Bitcoin identifies you to a large and growing consumer base of Bitcoin users
- Bitcoin goes up in value over time vs. fiat currencies which lose value over time.
- Bitcoin is more secure and accountable than cash