Implementing Bitcoin and java.util.Currency

Question

I'm trying to add bitcoin as a currency to display on my site. I've got exchange rates and everything, but I keep getting an IllegalArgumentException whenever I use java.util.Currency.getInstance("BTC"). This makes sense since it's not included in the list of ISO 4217 currency codes, and also not in Java 7. I've seen a couple of options, but nothing that really solves my issue.

1. According to the Java platform docs, you can override a specific locale's currency by creating a file $JAVA_HOME/lib/currency.properties. This is a problem since bitcoin is not tied to a specific locale, nor should it be used in place of any country's currency.

2. Another similar situation was presented in this StackOverflow post, where China had a second currency code to be used, so the solution was to build your own currency.data file that added a second currency for the China locale. This is better, but there is still the issue of tying a currency to a locale.

Has anyone run into this problem or found a workaround? I know bitcoin is relatively new, but it'd be cool to be able to display prices in bitcoin format.

Answer 1

You cannot use BTC as the currency code for bitcoins under ISO 4217. BT is reserved for Bhutan. However, ISO 3166-1 reserves several country codes for user definition. Additionally, the wiki for ISO 4217 lists XBT as a currency code for bitcoins (unofficially, of course).

Locale.Builder b = new Locale.Builder();
b.setRegion("XB");
Locale xb = b.build();
Currency bitcoin = Currency.getInstance(xb);

Your currency.properties file will look like:

XB=XBT,000,3

Unfortunately, you cannot have 8 for the minor unit because the parsing for java.util.Currency only handles a minor unit of 0-3:

Pattern propertiesPattern = Pattern.compile("([A-Z]{3})\\s*,\\s*(\\d{3})\\s*,\\s*([0-3])");

Answer 2

How to handle bitcoin money is explained well on the documentation. Take a look at this https://en.bitcoin.it/wiki/Proper_Money_Handling_(JSON-RPC)

Hope it helps