13 Nov '17, 11pm

Market Conditions Proving Favourable for Cryptocurrency Disruption in Indonesia

Market Conditions Proving Favourable for Cryptocurrency Disruption in Indonesia

WeAreSocial’s 2016 Digital Review of internet and mobile penetration in Indonesia By the numbers, Indonesia is home to over 250 million, making it the largest, most attractive market in Southeast Asia and globally, the fourth largest market after China, India and the US. According to We Are Social’s Digital in Review 2016, Indonesia has been a marketplace that has been booming with SIM card sign-ups – 326.3 million subscriptions to be precise or almost an average of two SIM cards per mobile phone user. With 43% smartphone ownership and an projected growth to 57% by end 2017, the Indonesian population of 88.1 million active internet is ripe for bitcoin adoption. In the Asian Development Bank’s “Financial Inclusion in Asia” report, it was reported that 78% of the Indonesian population or approximately 199 million people — are considered unbanked, making Indonesia one of the ...

Full article: http://www.luxuo.com/homepage-slider/market-conditions-pr...

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