Cryptocurrencies Used as Payment Method in Bali
Cryptocurrencies are being used as a payment method in several businesses in the tourist center of Bali. However, the Currency Law prohibits cryptocurrencies from being used as a transaction instrument in Indonesia.
A worker cleans tables at Crypto Cafe in Kuta District, Badung Regency, Bali Province. As of April 2023, the cafe is accepting payments with crypto assets for purchases of food and drinks.
BADUNG, KOMPAS — Foreign tourists in Bali, who face difficulties accessing financial transactions due to economic sanctions imposed on their countries, such as Russia, are utilizing cryptocurrencies as a means of payment. Several locations in Bali have adopted cryptocurrencies as a replacement for the Indonesian rupiah. Crypto is being used to pay for meals and drinks at cafes, participate in meditation sessions and rent motorcycles.
In Seminyak, Badung regency, there is a cafe that allows customers to pay for food and beverages using cryptocurrencies. Some of the cafe's patrons are foreign nationals who enjoy their meals while working on their laptops.