New Indonesian Bitcoin Exchange Could Help Spur its Economy

New Indonesian Bitcoin Exchange Could Help Spur its Economy

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....


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