Bank Indonesia to Launch Own Digital Currency Rupiah By CoinQuora

VCs bet big on layer-two as StarkWare raises a staggering $75 million By Cointelegraph

Bank Indonesia to Launch Own Digital Currency Rupiah

  • Indonesia had a large increase in digital transactions during Covid-19 crisis.
  • Bank Indonesia is launching a central bank digital currency.
  • The Bank Indonesia data shows it made more than 570 million digital activities in April.

Indonesia has seen a large increase in digital banking transactions during the Covid-19 crisis. Now, the country will profit from its citizens’ growing interest in mobile banking systems by launching its digital currency.

In line with this, Governor Perry Warjiyo announced the move in a streamed news conference Tuesday. He explains that creating digital currency was one of the Indonesian Government’s top priorities. The digital rupiah will benefit from the growing interest in digital banking platforms. Besides, it has seen a 60% increase in transaction frequency since the start of the pandemic.

Central bank digital currencies (CBDCs), have become a hotter topic…

This article was first published on coinquora.com

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Registered For FREE Forex Training!

Fill In Your Details To Get Registered For FREE Forex Training!