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—related artical

Indonesian Project Makes Bitcoin Available at 10,000 Stores

Jon Southurst (southtopia) | Published on September 3, 2014 at 11:47 BST

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Residents of Indonesia can now buy and receive bitcoin over the counter at over 10,000 Indomaret convenience stores around the country.

The project was developed on the initiative of Bitcoin Indonesia and will run through its exchange Bitcoin.co.id in partnership with payment processor iPaymu.

According to Bitcoin Indonesia founder Oscar Darmawan, this now puts bitcoin within easier reach of the countrys large unbanked population, estimated at over 200 million.

According to the World Banks Financial Inclusion Data from 2011, only 20% of Indonesians aged 15 years or over have an account with a formal financial institution. Given that Indonesia is the worlds fourth most populous country with a population of 250 million, that is a huge number of people in need of a better payments network.

A system for the unbanked

Users of the service will first need to create an account with Bitcoin.co.id, then select Top-up via Indomaret. They are then provided with a code to take to their nearest Indomaret convenience store, along with some cash, before returning to their online account where they will find their bitcoin waiting.

To those living in a world of electronic bank transfers, this payment method may seem a little time consuming. However, it is not a lot different than a trip to a bitcoin ATM and, if the only method of making payments available to you is the cash in your hand, it may be the easiest onramp to bitcoins international network.

The only catch with the system is that to use the convenience store option, customers currently must have Internet access to use the exchange. Darmawan indicated that another product is in the pipeline to enable those without even web resources to source the digital currency.

Bitcoins rise in Indonesia

Bitcoin.co.id has grown markedly since it began operations last December. At that time, bitcoin was little-known in Indonesia and the exchange traded only about 5 BTC per day.

By the time it launched a full open-order exchange in May, it was processing about 30 BTC in trades daily, indicating bitcoins growth in popularity.

Bitcoins public prominence in Indonesia is thanks to the advocacy efforts of local enthusiasts like Darmawan, meeting with regulators and signing up merchants.

Bitcoin Indonesia has also played a key role in the Bali-based BitIslands project, a campaign to promote bitcoin use and acceptance in the popular tourist destination.

That project has also been successful so far: its latest addition is the BitTour travel services agency, which allows tourists to pay for flights, trains, tours and hotel accommodation.

WHAT IS BIT COIN?

Bitcoin is the world’s first decentralized digital monetary system, and “BITCOINS” are the currency unit used by this system which now is used all over the world. Bitcoins are created and controlled by advanced mathematics and cryptography, instead of by governments or banks(NO GOVERNMENT, BANK, OR CORPORATION OWNS OR CONTROLS BITCOIN) . Bitcoins as a currency unit are created over time at a diminishing rate, and there will never be more than 21 millions till 2140 years. Thus, anyone in the world, of any age, in any country, for any purpose, may start accepting and spending bitcoins immediately. Bitcoin returns the power of money to “the people” and away from the “the banks” and “the government”. Bitcoin is freely for everypone, so if you like, you will have a bitcoin account instantly. And then what you need to do is to get bitcoins to store in your Bitcoin Wallet. And Mining BITCOINS in mining pool by bitcoin asicminer machine most popular way to get BTC. JUST TAKE ACTION TO MINING BTC !!!

ABOUT PRODUCT

Product Description

I bought a roast cat TUBE mining machine, you need to how to do:

need to buy the following things:

Power 1, need more than 1100W, with four 6Pin interface.

5V 5A power adapter 1, used to BE controller power supply,

The following HD icon, the mining machine assembled and linked with BE controller.

mining machine power.

to enter the mining machine management interface, set up mineral pool information in the following figure.

After saving mine pool information, click on Statistics, see counted force after a few minutes you can log mine pool view earnings

Grilled cat TUBE mining machine controller contains BE

Turn on the computer and open the browser (must IE browser), enter the default IP: http: 192.168.0.254: 8000

the machine for bitcion speed:800G

Need 1050W 90A 4pcs 6PIN

Good Machine 40NM chip.Asicminer TUBE miner

Remark: The following description is very important, please read carefully before buying. Happy Mining!

Shipping

1>We support international shipping by EMS,DHL, FEDEX, TNT.

2>Only accept EMS for goods sending to Russian Federation/Belarus/Brazil/Ukraine

3>Please make sure your shipping Address/Post code/ Receiver name/ Telephone is correct.

4>Orders are shipped within 2-5 days after confirmation of payment by Aliexpress.

5>The insurance cost is not included, when you think it is necessary, let us know.

6> If you have special requirements of custom clearance,(custom clearance name and charge), Please let us know before shipping.

7>Please provide your wallet address/pool/worker for machine test before shipping.

8>Although we keep optimizing our packaging solutions, there is still a small possibility that internal cables will get loose because of long distance transportation. This may lead to the miner cannot be started. When it occurs, please open the case, check all the cables inside and reconnect them, then the problem will be solved.

Service Policies

1> We only sell products as our described, Any faker/false information is not allowed in our shop.

2>Each product have very strict inspection and testing before shipped it to you. We promiss we will never sell immature and unstable products to customers.

3>We will ship your goods as soon as done the testing

4>Once sold, no refunds and not returnable.

5>We provide 1 month warranty, but buyer is responsible for the return
shipping cost and declare cost.

6>Warranty invalid for damages caused by overclocking or unauthorized alteration.

ABOUT US

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