Bank Indonesia (Indonesia, 2012) has discussed the research on payment system in Indonesia with the discussion about the potential of payment system in Indonesia will be better if supported by information technology, because information technology has become the backbone of economic activity, the payment process can be done quickly electronically. Bitcoin has developed from 2009 in Indonesia created by an individual or group called Satoshi Nakomoto. The bitcoin exchange rate rises with demand, but on the contrary if demand is low the bitcoin exchange rate will decrease. The concept behind bitcoin is to cut costs that are used to pay third parties in conventional sale and purchase transactions. The difference between bitcoin and conventional currency can be seen in the following table.Â
    Comparison of bitcoin with other money
BITCOIN
CONVENTIONAL CURRENCY
Use peer to peer technology and do not have a central authority as a supervisor
Issued by the central bank as a form of authority to manage national monetary policy
Bitcoin is designed to become a digital currency.
Issued in a physical/ real formÂ
The number of bitcoin produced reaches 21 millions
Can be issued without limitation
Need high level of skill because using cryptocurrency
