In our latest vlog from Boracay, the island celebrated as a Bitcoin haven, we discover the complex truth behind its Bitcoin adoption. Initially, over 250 merchants were on board to accept Bitcoin, painting a picture of a thriving bitcoin ecosystem. However, our further exploration reveals a shift in sentiment. A revisit to a store where we smoothly transacted in Bitcoin shows a change in attitude just a week later, reflecting a broader trend across the island. Despite the presence of “Bitcoin accepted here” signs, many stores no longer honor this commitment. Our attempt to pay for a haircut in Bitcoin is met with refusal, signaling a growing reluctance among local businesses. Pouch, the app facilitating Bitcoin transactions on Boracay, once heavily promoted the adoption with a visible off
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