How can I use cryptocurrency to pay for goods and services in Bali?

1 answers

• May 13, 2022 · 3 years ago
  As an expert at BYDFi, I can tell you that using cryptocurrency to pay for goods and services in Bali is indeed possible. While not all businesses accept cryptocurrency, there are some that do, especially in popular tourist areas. Hotels, restaurants, and shops are more likely to accept Bitcoin and other cryptocurrencies. One advantage of using cryptocurrency is the potential for lower transaction fees compared to traditional payment methods. Additionally, using cryptocurrency can provide a level of privacy and security. However, it's important to be aware of the volatility of cryptocurrency prices, which means the value of your payment may fluctuate. Overall, using cryptocurrency in Bali can be a convenient and modern way to make payments, but it's always a good idea to have some cash or a credit card as a backup.
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