Bitcoin Adoption in Indonesia May Hinge on Blackberry Wallet Solution
Getting more people connected to the Internet is of the utmost importance for technology companies these days. In the day and age of smartphone usage rising all over the world, and companies looking to gather and process big data, Internet connectivity plays an ever-increasing role of importance. Alternative financial solutions, such as Bitcoin and....
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Competition is designed to spur innovation and benefit the consumer. If this trend in Indonesia continues, the consumer will be the one losing out. Mobile wallets are becoming a hot commodity these days, but that will not necessarily benefit the consumer. In Indonesia, for example, there are far too many different digital wallet offerings already. More and more partnerships are forged to offer new solutions, resulting in a fragmented landscape. Bitcoin remains the only unified solution that can work for everybody. One thing the vast majority of existing digital wallets in Indonesia have in....
Southeast Asia's emerging economy Indonesia is seeing a boost in the use of Bitcoin, E27 reports. The tech resource platform collected comments from some of the world's most renowned Bitcoin entrepreneurs to demonstrate the claim further. The first statement to come out was from Tiyo Triyanto, the founder of one of the Indonesia's leading Bitcoin exchange Bitdoku. He claimed that the Bitcoin's usage has been increasing impressively from year to year, despite the fact that the digital currency is an illegal tender in Indonesia. "Daily bitcoin circulation numbers in Indonesia have only....
All of this is made possible due to the low credit card penetration in the country. Big things are taking place for Bitcoin in Indonesia. DOKU, the country’s leading e-wallet, has joined OKLink’s blockchain payout network. As a result, this collaboration will expand OKLink’s payment availability in Indonesia, allowing for faster global transfers. A significant step forward for the recently formed blockchain money transfer network. The partnership between DOKU and OKLink will offer a new payout option for real-time money transfers to Indonesia. Having the option of getting paid through a....
Indonesia, one of the world's most beautiful archipelagoes and travel destinations, has had a consistent increase in bitcoin adoption at popular tourist spots including Bali, Jakarta and Denpasar, since the launch of BitIslands in March 2014. Initiated by the largest Indonesian Bitcoin exchange Bitcoin Indonesia, the project was sponsored by leading Bitcoin merchant platforms and mobile services in Asia, including a Singaporean startup Coin of Sale, Artabit, CoinPip, Quantified, Tukarcash and Bitwyre. Since 2014, Bitcoin Indonesia continued to aggressively push the project in Bali, where....
Indonesia is a country of nearly 240 million people. Unfortunately, many of its inhabitants lack access to traditional banking services. In fact, Perbanas, Indonesia's National Banking Association, considers the state of the banking industry "a failure" since more than half of the population has no access to banking. Perbanas chairman Sigit Pramono said, "The access to banking is far lower than telecommunication." Only 40% of the population has gained access to the banking industry while telecommunication has a 102% penetration (due to multiple SIM card ownership). Bitcoin might just be....