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Bitcoin Available at 10,000 Indomaret Stores in Indonesia

157 pointsby sidkoover 10 years ago

5 comments

philipnover 10 years ago
I&#x27;m living in Indonesia currently and I haven&#x27;t seen anything being sold in bitcoin or any bitcoin-related advertising anywhere.<p>This also seems like a big drawback:<p>&quot;There is currently no offline way to purchase Bitcoin through the Indomaret stores, however, since the users will need to log into their accounts and get a code.&quot;<p>That said, it&#x27;s interesting how many essential services are a la carte here. You buy phone minutes by finding pretty much any seller on the street, handing them some cash, and they punch in some codes into their phone for you. You then use your phone minutes (&quot;pulsa&quot;) to buy other phone credits (different tiers of 3G service, text service, etc). When your power goes out you wander down to the market and give them cash and your meter number.<p>This is probably a byproduct of a lack of banking and consumer credit infrastructure for most people here. Can bitcoin &#x2F; other cryptocurrencies change that? I&#x27;m skeptical because bitcoin&#x2F;etc don&#x27;t solve the consumer credit problem. And if someone&#x27;s going to go through the ropes to set up an account on a bitcoin wallet service and deposit money into it at the market, they&#x27;re also likely to be able to do the same with a banking service.<p>So there&#x27;s the credit problem (everything must be paid up front) but then there&#x27;s the deposit problem. If the phone company or the electrical company just had my &lt;whatever&gt; ID and could withdraw from it, I wouldn&#x27;t have to pay them every time the thing ran out. And I&#x27;m not really sure bitcoin&#x2F;etc really solves the deposit problem here, either.
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jacquesmover 10 years ago
Interesting. What is the path for redemption?
Ad_Nauseamover 10 years ago
Alfamart jangan mau kalah dah, hahaha!
bhavinswover 10 years ago
nice to know that. i will soon check that.
zapperenover 10 years ago
Sweet. I will check this out later this month.