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Bitcoin Indonesia, a prominent online bitcoin marketplace, revealed a rapid development in its user base after adding over 170,000 members within 12 months.
Indonesia shows a rapid advancement of cryptocurrency-related technologies. BitBot, barges in as a new solution to make it easier for people to trade Bitcoin using indonesian fiat currency, the Rupiah.
CoinTelegraph spoke with Matthew J. Martin on why Bitcoin is better for financial services companies that want to attract Muslim clients and offer “sharia-based” financial products.
Bank of Indonesia has warned against the use of Bitcoin, the entrepreneur behind SealsWithClubs will appear before a judge on Thursday and more news.
Indonesian FinTech startups have attracted global venture capital giants, such as the Japan-based venture capital firm CyberAgent Ventures.
Case Wallet raised US$1.5 million, Polish payment processors and at least one bank have closed the accounts of several local bitcoin exchanges and more news
New Daily Digest on Hong Kong Issues Bitcoin Warning, Russia Reconsiders Stance, and BitPesa Raises US$1.1 Million
Bitspark Limited, a digital currency startup based in Hong Kong, announces a partnership with Indonesian startup PT ArtaBit Indonesia to enable end-to-end remittance services from Hong Kong to Indonesia, targeting the 165,000 overseas Indonesian workers present in the city-state who commonly send funds to their families and loved ones.
A school based in Indonesia is using Bitcoin, Dogecoin, and the blockchain to teach a group of 10-year-old children about environmental sustainability.
CoinTelegraph has partnered with Coin ATM Radar, which regularly updates a helpful and navigable Bitcoin ATM map, to get the most comprehensive data about new BTMs as they go online.
As Singapore is emerging as a regional Bitcoin hub and attracting more and more venture capital investments from the West, its neighbors, Indonesia and the Philippines, are following the city-state's pace and initiating ambitious projects striving to bring Bitcoin to the locals.
Bitcoin Is Going to Rise from Ashes
It is home to nearly 250 million people and is a member of the G20, but Indonesia has been a reluctant participant in the Bitcoin economy. The archipelago accounts for less than one percent of all Bitcoin market share.
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