A while ago we reported on developments and plans that were going to take effect in Indonesia. Today is a new day for Indonesia where people can get Bitcoins at convenience stores called 10000 Indomaret.
The Bitcoin Indonesia founder Oscar Darmawan explains why this is so important.
“The majority of the Indonesian people do not have a bank account with a bank. Because of this only a 10-20% of the indonesian people actually have a bank account, the rest don’t. This is a huge oversight on the banking sector to not address this difference. That is why we created this bitcoin over the counter system.
In so doing we can reach every person,if they are Indonesian or the many tourists Indonesia yearly receives, and we create an awareness at the same time. However our main focus is on the 80-90% of indonesians who do not own a bank account. The added attention and business from tourists is a nice bonus. Indonesia is a beautiful place to visit”.
“The system works as the following:this initiative is the brainchild of Bitcoin Indonesia and will run through its exchange Bitcoin.co.id for the exact BTC prices and it works in tandem with payment processor iPaymu”.
So if you are ever visiting the beautiful land of Indonesia, be sure to check out the convenience stores while meeting the local population.