Indonesia's Biggest Tech Firm Enters Bitcoin Market With Local Exchange Acqui...
GoTo purchased Indonesian bitcoin and cryptocurrency exchange PT Kripto Maksima Koin for $8.38 million to become a diverse money management company.GoTo purchased PT Kripto Maksima Koin by acquiring 100% of available shares.The tech giant paid about $8.38 million for the acquisition to become a money management firm.GoTo reportedly accounts for 2% of Indonesia’s total GDP.The biggest technology firm in Indonesia, GoTo Gojek Tokopedia Tbk (GoTo), entered the Bitcoin and cryptocurrency space by acquiring local exchange PT Kripto Maksima Koin, per a report from Reuters.GoTo acquired ownership....
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Emerging market-focused bitcoin firm BitX has opened an office in Jakarta, Indonesia, bringing its services to a population of 252 million people in one of the world's fastest-growing economies. In keeping with its other branches in places like Kenya and Malaysia, BitX Indonesia will recruit local staff to provide user support in a language and style familiar to the region's customers. BitX's service in Indonesia will center around a market-price buy-sell exchange, which CEO Marcus Swanepoel framed as being the most suitable service for the market. BitX expects most customers to access the....
Indonesia, trailing just behind the United States as the fourth most populous country in the world, has a large and growing bitcoin community. The vast population is 80 percent unbanked, and their Rupiah is one of the most-traded currencies for bitcoin worldwide already. Bitcoin.com interviewed Suasti Atmastuti Astaman, the Business Development Manager....
The bitcoin economy in Indonesia has been growing lately, with its premier bitcoin buying and selling service Bitcoin Indonesia now operating a full open exchange, trading around 30 BTC per day. While still not at the level of other larger countries, it's certainly an improvement on the 5 BTC per day the exchange reported at its launch back in December 2013. At that stage, CEO and active local digital currency advocate Oscar Darmawan said he aimed for the company to become a full-fledged open exchange, but that volumes would need to improve first. It seems that has happened within just a....
We have obviously heard of stores that accept bitcoins. Then came "Bitcoin boulevards" - and now one initiative is trying to create a set of Bitcoin islands. The founder and CEO of Bitcoin Indonesia, Oscar Darmawan, has been making efforts to make Bali the first "bit islands." Recently the founder of Coin Of Sale, Tomas Forgac, partnered up for the project; however, several other Bitcoin payment processors are supporting the vision such as Artabit.com, CoinPip.com, and TukarCash.com. Oscar Darmawan is "currently managing [the] biggest Bitcoin Exchanger in Indonesia and act[s] as spoke....
According to Easy Crypto, the $11.75 million in series A funding round may be the largest sum of investment raised in New Zealand for a local start-up. New Zealand-based crypto exchange Easy Crypto has raised $11.75 million (NZD $17 million) in Series A funding, as the firm eyes a potential initial public offering (IPO) in the future. The round was led by venture capital fund Nuance Connected Capital. According to an Oct.6 announcement from Easy Crypto, the NZD 17 million figure “seemed to have set a new record in New Zealand” for the largest Series A funding from a local firm. The funding....