I just hope that this style will spread more and more throughout the Philippines.
Lovely thing to see, and to hope that it not only spreads throughout the Philippines, but for this sort of idea to be sponsored in popular locations in other countries too, i feel it will drive massive adoption. It is interesting when tourists can pay for a little thing as a haircut with BTC, people would want to try it out, and many people will follow, in the end people will get to use BTC more often. Some people don't also like the idea of BTC being held only, so if this idea becomes a popular thing in many places, it helps for BTC to be spent duly as a currency. 
Topic: Bitcoin payment implementing at the Bitcoin Island(BORACAY) - page 3. (Read 784 times)
An interesting initiative to create a location for using bitcoin for recreation and entertainment. Their website about the Pouch company says that it was founded in August 2021 by Ethan Rose, who left his job as a software engineer in Silicon Valley to help the Philippines reduce the cost of sending money back home. https://pouch.ph/about
Actually, the same goal is pursued by Chivo Wallet in El Salvador.
Actually, the same goal is pursued by Chivo Wallet in El Salvador.
On their website, they say people can use different LN wallet[1] and they even state 5 example of LN wallet.
That is even better news, and I hope that even more shops, restaurants and private renters will accept Bitcoin, and that we will see good results in the time to come. I know that there are very conflicting views when it comes to LN, but for those who want to pay quickly and cheaply with BTC, it is the only logical way.
However, I would like to see classic on-chain payments supported, because if you sit down in a restaurant or cafe and pay the appropriate fee, the transaction will certainly be confirmed until you finish.
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
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 good news, not only for island residents but also for tourists who want to pay in Bitcoin. 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?
I hope that some other popular tourist destinations will follow this example, because they definitely have nothing to lose, and considering that the popularity of Bitcoin is growing year by year, I hope that there will be more and more people who will start using it as a currency. I will definitely put this island on my wish list when it comes to traveling🏝
I hope that some other popular tourist destinations will follow this example, because they definitely have nothing to lose, and considering that the popularity of Bitcoin is growing year by year, I hope that there will be more and more people who will start using it as a currency. I will definitely put this island on my wish list when it comes to traveling🏝
Interestingly enough, the company/app (Pouch.ph) that sort of like sponsored this implementation is pretty unknown probably outside that island. Great move by them though, I don't know why the biggest Philippine exchange (Coins.ph) hasn't made such a move.
The acceptance of bitcoin as a means of payment in the well-known Philippine island of Boracay can't be stopped anymore,
I just can't imagine that even in a simple store this will happen even when buying loads or prepaid cards, it's already started.
This is the funny thing, even in a sari-sari store you can buy soda or soft drinks, whatever chips, bottled water and candy,
and so on you can buy with bitcoin.
Even in haircuts, bitcoin is accepted as payment, it's interesting to think that even the barber knows
the process of paying bitcoin or accepting it in his small salon or barbershop.
Final thoughts and Summary:
Based on and in agreement with this article Bitcoin Island(Boracay) has shown that digital payment recognizes Bitcoin in the following:
1. Hotel
2. Bars
3. Restaurants
3. Variety Store
4. Barbershop/Small Salon
5. Telco (prepaid credits)
6. Coffee shops
7. Some tricycle drivers accept bitcoin
This is a good start on this island, because the one who will benefit from it is not only the foreign tourists but also the residents of this area who will gradually become aware of the benefits of bitcoin. I just hope that this style will spread more and more throughout the Philippines.
Reference : https://bitpinas.com/op-ed/i-got-a-haircut-in-boracay-and-paid-with-bitcoin/?fbclid=IwAR219tLXBXPhmR2GNp3V7NpRY-lIwmkhjuwtydvdiyL0HwO5MSaCJTJyUwk
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