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The Jakarta Post
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Topas TV accepts payments in bitcoin

  • News Desk
    News Desk

    The Jakarta Post

Jakarta | Wed, September 13, 2017 | 01:38 pm
Topas TV accepts payments in bitcoin The currency called bitcoin. Cable Television company Topas TV said in a statement that it would accept payment in bitcoins. (Shutterstock/File)

Cable television company Topas TV, a subsidiary of the Jakarta-based Mayapada Group, said on Wednesday that it would conduct its transactions with the crypto-currency bitcoin.

Topas TV said in a statement that the use of bitcoin could help customers deal with the payment of their bills, given its speed and the fact that it does not require an additional sum for administrative or processing fees.

"Dato Sri Tahir [the founder of Mayapada Group] is taking another step forward to prove that the digital assets system offered by bitcoin can bring about positive effects in moving the economy forward," the company said.

Despite the growing acceptance of bitcoin in Japan, the EU and the US, the use of bitcoin is not recognized in Indonesia.

CEO Bitcoin Indonesia Oscar Darmawan said he could understand Bank Indonesia’s (BI) reluctance to regulate the new currency.

“BI is providing room for bitcoin as a new technology to thrive before regulating it,” he said in a recent interview.

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