18 Apr '17, 12pm

Bitcoin Adoption in Thailand Led by Tourism Industry

The Bitcoin scaling debate affects some businesses more than others, but few real-world businesses have the volume to watch Bitcoin’s momentum react to it like the tourist hotspot, the Pattaya Beer Garden. Bitcoin.com discussed adoption trends in Thailand with Peter Noid, the proprietor of this large and popular restaurant and bar located in the Southern city of Pattaya. Also read: Bitcoin Startups Challenging Big Banks Profits Bitcoin Accepted at the Pattaya Beer Garden With seating for 400 and “around 2,000 visitors a day,” the Pattaya Beer Garden started accepting bitcoin in early 2014 when the Thai government first eased its stance on Bitcoin’s legality. “I was an early Bitcoin supporter,” Noid told Bitcoin.com. “We started accepting it as soon as the Thai government said it was not illegal to do so.” In 2013, the Thai central bank declared the use of bitcoin illegal i...

Full article: https://news.bitcoin.com/bitcoin-adoption-thailand-touris...

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