Celebrity tokens: Signs of rising crypto adoption in Indonesia
Some of Indonesia's best-known celebs have helped fan the flames of interest in digital assets. Cryptocurrency investments in Indonesia have seen considerable growth between 2020-2022, with 4% of the country’s population having invested in crypto.In 2021, crypto transaction volumes surpassed $34 billion, according to Indonesia’s Commodity Futures Trading Regulatory Agency.This growth has formed a new mindset toward crypto investment, especially in the mainstream media. One example of cryptocurrencies’ growing appeal in the mainstream is the participation of Indonesian celebrities and....
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With over 270 million people, Indonesia is the fourth-most populous country in the world and its economy is one of the largest markets in Asia. It also has a large unbanked population, a receptive regulatory environment and additional factors making it stand out for crypto adoption. In the latest episode of the News Podcast we talk to a local expert that explains all about the Indonesian crypto community.
David is the CEO of the Indonesia-based research platform, Republik Rupiah. He recently joined the Bitcoin.com News Podcast to talk about the local crypto market:
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It is now a lot easier for Indonesians to buy Bitcoin. Bitcoin.co.id, Indonesia's rising Bitcoin website, has landed a groundbreaking deal with Indomaret to help Indonesia's over 238 million residents to fund their Bitcoin.co.id accounts. Indonesians now have access to Bitcoin at more than 10,000 Indomaret convenience stores across Indonesia where they can "top up" Indonesian Rupiah on their Bitcoin.co.id account and then trade for Bitcoin. Indomaret is headquartered in Jakarta, the capital of Indonesia. In 1988 the first official Indomaret store opened its doors. Other Bitcoin services....