Skip to main content
110% Deposit Bonus from mBit

Indonesia’s Bitcoin Adoption Hints Rise of Online Gambling

With Bitcoin now being sold at more than 10,000 Indomaret convenience stores in the country, will Indonesians indulge in Bitcoin online gambling?

Years back, Indonesia was firm on banning online gambling. However, with Bitcoin gaining grounds in the peninsula, will the country’s betting enthusiasts find their new found love in Bitcoin games?

Bitcoin Indonesia’s efforts to adopt Bitcoin marked another milestone by making the digital currency available for purchase in more than 10,000 Indomaret convenience stores across the country.

Similar to the concept used in Argentina, Oscar Darmawan, founder of Bitcoin Indonesia, however, said this project serves as a tool that enables millions of unbanked locals to take advantage of Bitcoin and its benefits more than to merely serve as a promotion of the cryptocoin.

Unlike the system used in Argentina, Bitcoin users in Indonesia looking to buy the digital currency at any Indomaret store must first acquire a code provided by Bitcoin.co.id. Choosing the ‘Top-up via Indomaret’ option is a required step before going to the store and paying for their purchased bitcoins in cash.

This requires users to first have a registered account with the said Bitcoin exchange and to have a working Internet connection, which, according to Darmawan, is an aspect that is currently being addressed.

A new product that will make Bitcoin purchases via Indomaret without the need for online services is already in the works, he added.

Now that Bitcoin has become more widely available to Indonesians, the question of whether the instances of users engaging in Bitcoin gambling will increase becomes an interesting topic.

In 2012, it was reported that Indonesian ministries were collaborating to completely ban all activities related to online gambling within the country.

However, Bitcoin is not regarded as currencies or legal tender by Bank Indonesia, the country’s central bank, as of February of this year. Therefore, this should provide local bettors with legal reasons to place wagers on Bitcoin casinos and sports betting platforms.

Meanwhile, Bitcoin Indonesia is optimistic about its Bitislands project as more establishments are beginning to adopt the digital currency to achieve its goal of making the popular tourist destination, Bali, a Bitcoin island.

1xBit Live Gaming Cup Play with Cryptos

LATEST CASINO NEWS & INTERVIEWS


News

5 Ways You Can Enjoy ‘Crazy Time’ by Evolution Gaming Using Bitcoin

July 7, 2020

Evolution Gaming surprised the iGaming world with its groundbreaking ‘Crazy Time’ TV game show-inspired casino game that you can enjoy in Bitcoin casinos.

5 New Flaming Slots at Ego Casino

July 6, 2020

Made by some of the best software providers, these slots are filled with the best aspects of gambling. Ready for an unforgettable adventure at Ego Casino?

New Blueprint Gaming MegaWays Slots You Can Enjoy in Bitcoin Casinos

July 6, 2020

Ted: MegaWays slot and Wish Upon a Jackpot: MegaWays slot join the rich portfolio of games featured in Bitcoin casinos powered by Blueprint Gaming.

Interviews

Interview with Gregor Rozic, Sales Manager at GameART

July 7, 2020

We’ve had the opportunity to talk to GameART Sales Manager Gregor Rozic, who has 10 years of experience in online gaming on casino and poker content.

Interview with Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group

June 30, 2020

We had the opportunity to talk to Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group and member of Vie.gg Advisory board.

Interview with Elise Cray, Marketing & Operations Manager at iTech Labs

June 23, 2020

We talked to Elise Cray, Marketing & Operations Manager at iTech Labs, in charge for Online Gaming systems certification and Quality Assurance testing.

CHOOSE CASINOS NOW
Your Message
LEAVE A MESSAGE
RESET PASSWORD

Please enter your email address:

LOGIN TO BBC
No account yet? Register here
Forgot Password? Click here
JOIN US NOW
Already have an account? Login
Forgot Password? Click here