Indonesia:
KOMPAS.com - In Indonesia, digital currency Bitcoin is not recognized by Bank Indonesia. But recently, a digger Bitcoin is rumored to have bought a luxury villa in Bali, Indonesia. Reported, The Wall Street Journal on Wednesday (03/19/2014), a Bitcoin miner who requested anonymity to spend more than 800 bitcoin to buy a two-bedroom luxury villas in Bali. Villa located in Seminyak, Bali's west coast has a garden and a private swimming pool. The villa is one of 12 villas on offer that the process will be completed in June. The owner Bitcoin transactions on February 19 through BitPremier sites, sites that calls itself as a buying and selling luxury goods with bitcoin. On the site, the seller and the buyer in addition to dealing with ordinary currency, they also can transact using digital currency bitcoin. Buyer villa hidden citizenship, according to Chief Executive BitPremier, Alan Silbert, has adopted since the first Bitcoin digital currency was introduced. According to Silbert, sale villa in Bali is selling the highest transaction value based on the gains since the company was established in May 2013. The transaction is also the first property transaction BitPremier with Bitcoin currency. Bitcoin value itself now has soared since its introduction, in December last year had reached 1,100 US dollars. 1 bitcoin prices currently around 600 dollars according to CoinDesk Bitcoin Index. If the buyer is issued 800 bitcoin villa, then its value will be approximately 480,000 US dollars (about USD 5.5 billion). According to property brokers who sell the villa, Ronny Tome, the Bitcoin transactions run smoothly. Told Tome, the villa buyers initially tried first transfer system by transferring 1 bitcoin to a digital wallet. Once successful, the transaction was done. "Everything is done in a matter of hours, if do with a normal bank transfer, at least it would take several days or even a week," said Tome. Tome praise the transaction process with Bitcoin as interesting concept and not a hassle. The enthusiastic bitcoin also recognize that the speed of transactions with bitcoin is an advantage compared to traditional banking transactions. Source: The Wall Street Journal and Kompas Editor: Reza Wahyudi
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