Bitcoin in Asia

[staceyoh]

I think many countries in Asia is accepting bitcoin.
It is very popular to all the people in Asia.

[SvenBomvolen]

Bitcoin is international currency and exactly in Asia it's the most developed, especially in China, where the number of bitcoin usersand miners is the biggest. I think exactly in this region bitcoin will be mass adopted firstly in the world and on this exaple other countries will start to adopt bitcoin as well.

[ice098]

Hey,
I just saw a blog http://www.w11stop.com/blog-w11stop/bitcoin-w11stop related to bitcoin and wanted to know is it acceptable in Asia?

Thank You

yes it is, bitcoin already created a great impact here in my country I live here in asia, my countrymen started to be interested in bitcoin, they are now curious in everything that will give them a money. Our country already accepts bitcoin we have a bank here that you may withdraw your bitcoin from your online wallet in a cardless way.

[ReLieD]

I fail to understand what is the meaning of bitcoin is accepted in Asia. It is not any paper currency which needs to be accepted or something. It is an online currency and is accepted worldwide that as access to internet. Like particular sites accept bitcoin and those who have access to internet can also access those sites and thereby use bitcoin.

[BrewMaster]

I fail to understand what is the meaning of bitcoin is accepted in Asia. It is not any paper currency which needs to be accepted or something. It is an online currency and is accepted worldwide that as access to internet. Like particular sites accept bitcoin and those who have access to internet can also access those sites and thereby use bitcoin.

having access to something and being able to use it doesn't mean people are actually using it.
and it is true for bitcoin, it is open to everyone in the world and anyone can easily use it on their own. but as we can see it is not accepted in shops, by merchants or services in most places. but it is being used by many others too but that is just a small percentage right now.

[shintosai]

I think many countries in Asia is accepting bitcoin.
It is very popular to all the people in Asia.

both India and china already accepting bitcoin and also those small countries around them are also accepting bitcoin so i guess in asia bitcoin already been accepted and penetrated, just waiting for an actual resto or well known establishment to accept btc transactions.

[TheUltraElite]

I think many countries in Asia is accepting bitcoin.
It is very popular to all the people in Asia.

both India and china already accepting bitcoin and also those small countries around them are also accepting bitcoin so i guess in asia bitcoin already been accepted and penetrated, just waiting for an actual resto or well known establishment to accept btc transactions.

In India people are using bitcoin but the number of people using it is very small compared to china and indonesia. I think more meeting and public campaigns need to be done in order to reach popularity of a certain level. It can also help the merchants to accept it and then people can transact on it. Overall it will lead to public curiosity and they will be ready to accept bitcoin payments at a higher level.

[Wesimon]

Hey,
I just saw a blog http://www.w11stop.com/blog-w11stop/bitcoin-w11stop related to bitcoin and wanted to know is it acceptable in Asia?

Thank You

Bitcoin is somehow known and acceptable in Asia. I live in an Asian country and as far as I know, bitcoin is now growing and now being known in the Philippines.

[Kevin77]

Bitcoins i think is accepted everywhere and each country but some is not really adopting it.Yes bitcoin is do accepted in ASIA,you can freely spend your bitcoins in asia, no restriction at all you are free to use and to spend bitcoins here in asia

No not really, bitcoin is not accepted in all the countries, for example in north Africa people don’t know what bitcoin is so governments don’t even bother making laws about using bitcoin, in fact some of them don’t even have PayPal yet so bitcoin is a really advanced thing for them.

Bitcoin is somehow known and acceptable in Asia. I live in an Asian country and as far as I know, bitcoin is now growing and now being known in the Philippines.

Indonesia and Philippines are seeming next to China in bitcoin adoption whereas rest of countries from Asia are not into this race, even India is also lagging with respect to bitcoin merchant adoption rate.

[BitcoinHodler]

Bitcoins i think is accepted everywhere and each country but some is not really adopting it.Yes bitcoin is do accepted in ASIA,you can freely spend your bitcoins in asia, no restriction at all you are free to use and to spend bitcoins here in asia

No not really, bitcoin is not accepted in all the countries, for example in north Africa people don’t know what bitcoin is so governments don’t even bother making laws about using bitcoin, in fact some of them don’t even have PayPal yet so bitcoin is a really advanced thing for them.

yeah but at the same time there are many other countries that have people using bitcoin in them but the government has not yet made a clear stance towards bitcoin, i have heard many things about bitcoin laws in here but nothing is set in stone yet.

[barnes13]

My country in Southeast Asia, and people using Bitcoin grow and people who have knowledge about Bitcoin make online shop and accepted Bitcoin as a payment, but my government didn't officially accept Bitcoin or denied it, In Asia Chinnese is one of country who have large Bitcoin community. As I know no one country has announce they accept Bitcoin or reject Bitcoin.

[chixka000]

Bitcoin is accepted everywhere in the world especially Asia: China,Japan, South Korea, India etc. Bitcoin is big and keeps expanding by the day so just check localbitcoin website for merchants and exchanges closer to your location in Asia.

How strong or large bitcoin is in japan? I am so curious with it. Althougj here in the Philippines bitcoin isnt legalized yet however there are a lot of user here more than i have imagined

[mastermold]

Yes, bitcoins are very well acceptable in Asian countries. Bitcoins are rather boundry less currency. It is hugely being accepted almost all over the world. Even it has great potential in Asian regions. The potential and benefits that Bitcoin offers are unprecedented. Remittance platforms are a hit since most of the populace are unbanked.  Besides price volatility, there aren’t really downsides to accepting bitcoin. All it takes is good engagement and you may very well see measured growth in the cryptocurrency business in these regions. Online gambling continues to be a lucrative market today and it proves to be highly economical for a dominant key market like China. Not to mention, the growing industry of Bitcoin mining in the region is great potential for bitcoin in Asian regions. The potential and benefits that Bitcoin offers are unprecedented. Remittance platforms are a hit since most of the populace are unbanked.  Besides price volatility, there aren’t really downsides to accepting bitcoin. All it takes is good engagement and you may very well see measured growth in the cryptocurrency business in these regions. Online gambling continues to be a lucrative market today and it proves to be highly economical for a dominant key market like China.

[webtricks]

Bitcoin is accepted everywhere in the world especially Asia: China,Japan, South Korea, India etc. Bitcoin is big and keeps expanding by the day so just check localbitcoin website for merchants and exchanges closer to your location in Asia.

How strong or large bitcoin is in japan? I am so curious with it. Althougj here in the Philippines bitcoin isnt legalized yet however there are a lot of user here more than i have imagined

If you don't know, Japan has the biggest market for Bitcoin in the world beating China in January.
Asia has gradually came up as the new hub for Bitcoin. Asia has highest share in mining farms, notably China. And how can one forget, Asia comprises of great demand for Bitcoin thus it trade at 5-20% premium in countries like India, China, etc.

[Soul Reaper]

Here in the same thread bitcoin discussion we are discussing,
Whether China is controlling bitcoin or not ,
So Your question seems to be a bit aukward at the point.
Atleast 70% of the bitcoin miners are Chinese.
So you get your answer crystal clear.
Yes but exceptions definitely exist.
I really don't know about what happens in North Korea.
But in big countries like China , Japan , South Korea, Singapore etc bitcoins have definitely gained a lot of acceptance.

[hisuka]

Bitcoin is becoming large community and its accepted in Asia countries. Im from Philippines and bitcoin is becoming  well known here. In terms of buying bitcoin is easy here in my country were there is a store that open for 24 hrs. This is really great bitcoin seems popular around the world.

[CoinFoxs]

This blog is not about bitcoin in Asia, it's about the introduction of bitcoin. And are you talking about offline acceptance? Then there are very few countries where bitcoin is accepted offline. I am from Asia and there is no single storr where bitcoin is accepted.

[stripykitteh]

Here in the same thread bitcoin discussion we are discussing,
Whether China is controlling bitcoin or not ,
So Your question seems to be a bit aukward at the point.
Atleast 70% of the bitcoin miners are Chinese.
So you get your answer crystal clear.
Yes but exceptions definitely exist.
I really don't know about what happens in North Korea.
But in big countries like China , Japan , South Korea, Singapore etc bitcoins have definitely gained a lot of acceptance.

Bitcoin is really popular in places like Japan because of how cool the payment system is. I like to think about different technologies that could be used with Bitcoin integrated into it and used for quick payments without the worries of Bitcoin transactions confirming 7 hours later you know?
Once they fix Bitcoin's payments system (Bitcoin confirmation speed) then it shouldn't be an issue and more people would be using Bitcoin on the go. I think that Bitcoin could get popular inside Asia then the other people that want to get involved within the 3rd world countries will try to do something even better.

[Vaccinus]

Hey,
I just saw a blog http://www.w11stop.com/blog-w11stop/bitcoin-w11stop related to bitcoin and wanted to know is it acceptable in Asia?

Thank You

Bitcoin is somehow known and acceptable in Asia. I live in an Asian country and as far as I know, bitcoin is now growing and now being known in the Philippines.

that is a good news, i think bitcoin don't need to grow worldwide, because in asia there are many people, 50% of the world population is in asia, if bitcoin is accepted there you have full worldwide adoption already

[JanpriX]

Hey,
I just saw a blog http://www.w11stop.com/blog-w11stop/bitcoin-w11stop related to bitcoin and wanted to know is it acceptable in Asia?

Thank You

Bitcoin is well-accepted in the Asian region especially in China and Japan. Most of the bitcoin transactions happening in Asia came from those 2 countries. Other Asian countries are still accepting the knowledge and concept of Bitcoin as a digital currency but we are getting there.