Bitcoin Mainly Used as Speculative Investment in Southeast Asia
In Southeast Asia, Bitcoin is gaining traction as a genuine store of value as investors in the region are viewing the digital currency as an attractive investment opportunity. Among the Bitcoin companies located there, Luno (formerly BitX) and Bitcoin Indonesia have watched this growth with interest. Headquartered in Singapore, Luno allows customers to....
Related News
Jasmine Telecom Systems has announced its ambitious Bitcoin mining plans to become the largest BTC miner in Southeast Asia.
Andreas Antonopoulos to tour SouthEast Asia delivering talks on Bitcoin and cryptocurrency technology. Andreas M. Antonopoulos, a well-known personality in the cryptocurrency space has turned into an apostle. The vocal advocate of Bitcoin and cryptocurrency technology, Andreas is soon going to promote the digital currency across Southeast Asia. Antonopoulos has scheduled a Southeast Asia tour starting February 17, 2017. The tour will begin with a speech at the TRYBE Workspace in Phnom Penh, Cambodia. The event is being organized by Coin Cafe, a unique Bitcoin-themed restaurant in the city.....
DBS, the largest bank in Southeast Asia, says it is “the first bank in Singapore to make a foray into the metaverse.” A DBS executive explained that “The metaverse presents exciting opportunities to redefine how we live, work and engage with each other.”
DBS Entering the Metaverse
Southeast Asia’s largest bank, DBS, announced Friday a partnership with The Sandbox, a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain.
The aim of the partnership is “to create DBS Better....
Aiming to expand in Asia, particularly in the Southeast, the leading exchange platform of digital currencies in Mexico, meXBT, has bought CoinRepublic, a Singapore-based cryptocurrency brokerage firm. Despite the fact that there are a limited number of merchants accepting Bitcoin in Southeast Asia, cryptocurrency companies are entering the region to tap what they believe to be a huge potential. The region’s population is twice as large as that of the US; the population is tech-savvy, and the governments are not hostile to the cryptocurrencies. meXBT’s decision to acquire CoinRepublic, the....
According to RealMoneyAsia, Singapore-based Bitcoin exchange BitX has partnered with payments gateway CodaPayments to offer Bitcoin payments across Southeast Asia. BitX had recently collaborated with the local payments gateway company in order to serve the unbanked and the underserved population of Southeast Asia. The Bitcoin exchange will provide instant currency conversion services at PoS to mitigate the Bitcoin volatility risks for merchants. Coda Payments which caters to markets such as Indonesia, Malaysia, Philippines, Thailand, Vietnam and Singapore, boasts of customers in excess of....