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21 sats \ 2 replies \ @Solomonsatoshi 6h \ parent \ on: I couldn’t buy it, so I just made it bitcoin
Good on you.
Where there is a will there are ways around these things.
Despite the official ban on BTC MoE I still found some brave restaurants in ChiangMai who accept LN/BTC regardless.
They were all far better than average in their food and service.
Some of the regions in Thailand still exercise some degree of autonomy from the BKK central governments dictates- tourism is so important to ChiangMai not accepting Bitcoin is a huge loss of potential business opportunities.
When traveling these days I will give BTC accepting food and hospo business preference as they are usually well above average.
Thailand was once leading the world in BTC adoption but the government crackdown since the latest military hijacking of democracy limited what was a huge opportunity to grow a Bitcoin based enterprise sector.
I hear the government attitude is now moving back toward accepting more Bitcoin use but it still has some way to go before the full potential can be realised.
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Yes I did not find much in the way of retailers accepting sats in BKK last year but in Chiang Mai there was few good bars and restaurants.
Apparently also some tourist spots down south the government have allowed 'sandbox' trials where some tourist facing retailers can accept sats but the retailer must use an application that immediately converts the sats to baht and so does not receive the sats - preventing a circular economy developing and threatening the baht.
Have heard today a bit of a run on some Thai banks as people buy gold and ditch baht.
Yes would be good to learn more about the Bangkok BTC scene- if the government does eventually liberalise it could be a world centre of Bitcoin imo.
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