Bitcoin payment implementing at the Bitcoin Island(BORACAY)

romero121

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Quote from: Lucius on February 04, 2023, 06:10:45 AM

Quote from: Kasabus on February 03, 2023, 11:48:02 AM

~snip~
Well, this could be a good start for Philippines to finally adopt bitcoin as this could bring huge benefits not only to bitcoin users alone, but to the country’s economy as well.

I think that this example is proof that adaptation does not necessarily have to come from the top of the political power, but can be successfully carried out by an individual with a good idea - of course, provided that such things are not prohibited by law. Some may object to the way Bitcoin is accepted on the island, because there is an intermediary who converts BTC into local currency through his app, but due to its volatility, there are rare examples of someone wanting to accept BTC as a direct payment.

If the example of Boracay turns out to be successful, I don't see why other tourist destinations around the world wouldn't try the same concept - after all, Bitcoin is a currency and should be used as such.

This is the real adoption, because the usage comes from the low bottom. When a corporate network starts accepting bitcoin, the usage gets limited at some level. The flow won't move to the very lower bottom. Here this is already a big success. An application that converts bitcoin instantly and settle the receiver in the form of fiat is good for the beginning days. Slowly things could change and vendors start direct acceptance of bitcoin understanding the potential and the goodness bitcoin can bring into one's life.

dollarday

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I will have to take a visit to Boracay to see how integrated the process is. I have some ideas that seeing in practice would held in me bringing them to fruition.

Lucius

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Quote from: Kasabus on February 03, 2023, 11:48:02 AM

~snip~
Well, this could be a good start for Philippines to finally adopt bitcoin as this could bring huge benefits not only to bitcoin users alone, but to the country’s economy as well.

I think that this example is proof that adaptation does not necessarily have to come from the top of the political power, but can be successfully carried out by an individual with a good idea - of course, provided that such things are not prohibited by law. Some may object to the way Bitcoin is accepted on the island, because there is an intermediary who converts BTC into local currency through his app, but due to its volatility, there are rare examples of someone wanting to accept BTC as a direct payment.

If the example of Boracay turns out to be successful, I don't see why other tourist destinations around the world wouldn't try the same concept - after all, Bitcoin is a currency and should be used as such.

Kasabus

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Quote from: Lucius on February 03, 2023, 06:55:05 AM

Let's revive this topic, because I saw that there are some new videos based on which it seems that Bitcoin is very well accepted in Boracay. I am also interested in whether any of the forum members may have visited the island and may want to share their experiences? @Beparanf

BITCOIN ISLAND in BORACAY [DOCUMENTAIRE] || Overleven met BITCOIN in de Filipijnen [ENG SUBTITLES]

That’s great news seeing bitcoin has definitely got high demand in Boracay. I am really setting my plan to finally visit this beautiful island together with my family, hopefully we can do it this year. I haven’t seen the videos for now but I have to check for it later on. Well, this could be a good start for Philippines to finally adopt bitcoin as this could bring huge benefits not only to bitcoin users alone, but to the country’s economy as well.

Lucius

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Let's revive this topic, because I saw that there are some new videos based on which it seems that Bitcoin is very well accepted in Boracay. I am also interested in whether any of the forum members may have visited the island and may want to share their experiences? @Beparanf

BITCOIN ISLAND in BORACAY [DOCUMENTAIRE] || Overleven met BITCOIN in de Filipijnen [ENG SUBTITLES]

molsewid

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Quote from: Lucius on November 21, 2022, 05:22:16 AM

Quote from: Beparanf on November 20, 2022, 08:17:54 AM

I’m planning to visit Boracay this December and I will try my best to educate them more on how tp use the real Bitcoin using non custodial wallet.

I hope you will share your experiences with us, and if not sooner, maybe at the next ATH some of us will decide to visit that island and spend some BTC, which would certainly be an interesting experience. It will be interesting to see if the number of tourists to Boracay will increase because they have enabled Bitcoin as a means of payment, because I know that Bitcoin is quite popular in the Philippines.

Yes it is very popular to the point that there were be a news last year that they will ban crypto and other things related to crypto and that makes our govt seems to be a little bit outdated and nevermind. Having a store accepting bitcoin is good because many people from different nations are visiting boracay especially during summer, I just regret that I did not see it when I go to boracay last year.

buwaytress

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Quote from: Beparanf on November 20, 2022, 08:17:54 AM

Quote from: Lucius on November 20, 2022, 07:01:58 AM

It's the same video posted by @buwaytress a few posts above, and I wouldn't mind watching a few more videos featuring Zowie Pallier either Wink

RealTalk, I’m focus 99% to zowie herself and 1% on her content most of the time when watching her video which is the reason I’m late share here. I just remember that she had a content about Bitcoin after reading this thread and voila they are connected when I double check. Grin

I hope this isn't veering way too far from Boracay but 3 years ago I hooked up this person Kylie with Bitcoin accepting networks in Iran -- also to do pretty much the same (travel, airport, local debit card, with Bitcoin, as Visa and banking are sanctioned for use in Iran). Since you connoiseurs seem to enjoy these kinds of videos.

Need to poke her to do another Bitcoin video series now.

Bet there are so many others, in different languages. Sadly, no time for this now.

Lucius

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Quote from: Beparanf on November 20, 2022, 08:17:54 AM

I’m planning to visit Boracay this December and I will try my best to educate them more on how tp use the real Bitcoin using non custodial wallet.

I hope you will share your experiences with us, and if not sooner, maybe at the next ATH some of us will decide to visit that island and spend some BTC, which would certainly be an interesting experience. It will be interesting to see if the number of tourists to Boracay will increase because they have enabled Bitcoin as a means of payment, because I know that Bitcoin is quite popular in the Philippines.

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Quote from: DaveF on November 06, 2022, 06:15:54 AM

Cool thing to see. I am starting to think more and more things like this will push BTC acceptance faster then some other methods.
People coming in for vacations and seeing that some smallish place can do it then why can't some larger ones.
This would make more people look into BTC as a viable option for their business and so on. Don't know if it will really happen that way but it's a thought.

Side note, is that you in the pictures?

-Dave

This is definitely a great news for bitcoin. Knowing Boracay, a lot of tourists here come and go so for sure this will create a good awareness that bitcoin can also be a useful payment method aside from being a profitable investment. Not only on the side of the tourists, but this will also encourage more merchants as bitcoin is more convenient to use than fiat.

Beparanf

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Quote from: Lucius on November 20, 2022, 07:01:58 AM

Quote from: Beparanf on November 19, 2022, 10:56:28 AM

The only thing sucks on this app was it requires on the spot KYC after registration.

This may be a small problem, especially for tourists who plan to spend several hundreds of $ in BTC, and therefore should go through the KYC process. It would be good if the verification was not required for smaller amounts.

The company behind this app is unknown here in PH and this exactly the cons on this application because they don’t have tier to apply KYC unlike coins.ph. Only few user is using the app here but I hope the participants themselves will try to learn Bitcoin and not rely solely on the app. I’m planning to visit Boracay this December and I will try my best to educate them more on how tp use the real Bitcoin using non custodial wallet.

Quote from: Lucius on November 20, 2022, 07:01:58 AM

It's the same video posted by @buwaytress a few posts above, and I wouldn't mind watching a few more videos featuring Zowie Pallier either Wink

RealTalk, I’m focus 99% to zowie herself and 1% on her content most of the time when watching her video which is the reason I’m late share here. I just remember that she had a content about Bitcoin after reading this thread and voila they are connected when I double check. Grin

Lucius

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Quote from: Beparanf on November 19, 2022, 10:56:28 AM

The only thing sucks on this app was it requires on the spot KYC after registration.

This may be a small problem, especially for tourists who plan to spend several hundreds of $ in BTC, and therefore should go through the KYC process. It would be good if the verification was not required for smaller amounts.

Quote from: Beparanf on November 19, 2022, 10:56:28 AM

I just saw my favorite vlogger do some content in related with this news. He is searching all establishments that accepts Bitcoin all over Boracay.
Link to video: https://youtu.be/TyDBiBMYP6M

It's the same video posted by @buwaytress a few posts above, and I wouldn't mind watching a few more videos featuring Zowie Pallier either Wink

n0ne

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Philipines already have good number of cryptocurrency users. Now an island dedicatedly functioning with bitcoin acceptance in all businesses is a great move. Myself too hearing about the island for the first time, but this island gets to be popular very soon.

The real-time usage keeps the market strong and progressive. It is quite hard to find with majority of the cryptocurrencies. In all means we should also support real-time usage and if there arises an opportunity to spend we should spend atleast a little. Hope the island gets a good number of the bitcoiners visit.

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Quote from: so98nn on November 19, 2022, 01:46:30 PM

Yay, Cool let’s go to Boracay then. I am not sure what El Salvador is missing which is not giving spark to the locals to use the bitcoin and do a mass adoption of the same. Is it anything like that if government is involved into something then the trust is hampered somehow? Or may be it has got something to do with different peeps with different mindset towards the bitcoin?

El Salvador is busy accumulating Bitcoin and doesn't emphasize companies like pouch.com to tap their citizen. I think they are more on saving Bitcoin for the country's reserve fund. Besides this Pouch activity isn't inspired by the government. It is their own marketing ploy to promote their service. It is that the core of their marketing strategy is to use a well-known tourist spot, announced it as Bitcoin Island while tapping retail stores to install their application and instruct them about Bitcoin transactions.

Quote from: so98nn on November 19, 2022, 01:46:30 PM

I think places which are more or less leisure, fun, escape spaces are the one where bitcoin adoption is on the accelerated rate as compared to the dense places with city lights. However in all, Boracay has given me good gesture. Thanks for sharing this. Cheesy

People are getting more interest if the service is implemented in a place of leisure. And I think Pouch.com is successful in getting a tourist attraction.

Oneandpure

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First time I heard with Boracay as the island in Philippines have been accepted Bitcoin as legal currency transaction several important sector Hotel, Bars, Restaurants and Etc. I think will make completed when transportation accepted using Bitcoin as currency transaction where airplane ticketing easy by using Bitcoin as payment way.

Note in my list for next time travelling based on Philippines in South Asian its easy controlling and go there, actually I am not really excited with place destination in Boracay but I have priority when using Bitcoin as payment currency transaction.

so98nn

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Yay, Cool let’s go to Boracay then. I am not sure what El Salvador is missing which is not giving spark to the locals to use the bitcoin and do a mass adoption of the same. Is it anything like that if government is involved into something then the trust is hampered somehow? Or may be it has got something to do with different peeps with different mindset towards the bitcoin?
I think places which are more or less leisure, fun, escape spaces are the one where bitcoin adoption is on the accelerated rate as compared to the dense places with city lights. However in all, Boracay has given me good gesture. Thanks for sharing this. Cheesy

Bitstar_coin

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Honestly am impressed, this is the type of awareness, acceptance and usage that we all want to see with btc. This bitcoin island will surely have the support of the vast btc community. I can't believe even the small business owners like the barber's shop for example can accept btc, am very impressed by this.
Imagine when we have many bitcoin island or city or whatever name that suits like this in different countries, the demand will be crazy. This is an interesting news.

Beparanf

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Quote from: Lucius on November 06, 2022, 06:04:24 AM

However, the question arises whether tourists can pay with Bitcoin in any other way or exclusively using the app of the company behind this project?

If I’m not mistaken about this app, You can send Bitcoin directly even using different wallet since this is same with coins.ph PHP wallet that automatically converts Bitcoin to there PHP balance once you send Bitcoin on there special Bitcoin address but I’m sure they preferred pouch.ph app for a fast transaction since it’s off-chain. The only thing sucks on this app was it requires on the spot KYC after registration.

I just saw my favorite vlogger do some content in related with this news. He is searching all establishments that accepts Bitcoin all over Boracay.

Link to video: https://youtu.be/TyDBiBMYP6M

Mamun74

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What a great invent it is! Really I'm surprising from it.A very small shop accepting BTC pay.Here, payment system very easy i think and no have gas fee for paying payment. I think, this type of system will be good for visitors country like where people's easly can make payment.

buwaytress

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[Porting over my post from a repeat thread showing an influencer video.]

Happy as always, and nice to see. But would be even nicer to see non-marketing, non-influencer, non-touristy proof of use. Now I'm really wondering if there's someone behind all of these Boracay mentions, as someone's got to be paying these American influencers (or am I being cynical?).

Regular community meetings, local merchant conventions or local weekly meetups, these are to me more significant signs that show they could rise up to make Bitcoin a serious challenger or at least alternative for payments.

Still, thumbs up!

taufik123

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Quote from: ?? on ??

-snip-
imagine the fee only cost around 2-3$ how much will be the fee. but again I am really happy that finally our country is slowly accepting it and people are getting aware to it unlike last year.

The fee costs needed for sending bitcoins will be adjusted and of course cheaper, Pouch.ph uses the Lightning Bitcoin network which will certainly save fees and transactions are made faster. Small transactions are also possible because of the lightning network used.

Quote from: https://pouch.ph/about

Bitcoin’s Lightning Network is simply our tool — a world-changing technology that boosts financial inclusion and the efficiency of cross-border payments. We’re connecting the Philippine economy with the Lightning Network to ensure that Filipinos can seamlessly operate on this new payment standard.

I also just found out about Boracay as a Bitcoin island, this will make a big impact on bitcoin adoption. and it will be an amazing experience to be on bitcoin island, no need for cash anymore, just bitcoin.

Topic: Bitcoin payment implementing at the Bitcoin Island(BORACAY) (Read 797 times)