BitX Expands Bitcoin Buying Service to Indonesia
BitX is expanding into the world's second-fastest growing economy, Indonesia, bringing a fixed-price bitcoin exchange to its 252 million inhabitants.
The fund, based in Labuan, Malaysia, aims to open access to digital assets for Southeast Asian institutional investors.
Xi Jinping pushed for digitally enhanced trade among Southeast Asian nations in a keynote at the China-ASEAN Expo on Friday.
Ripple said its investment in Tranglo is a part of its commitment to enhancing the payments ecosystem in Southeast Asia.
Many southeast Asians consumers are interested in establishing or increasing their crypto investments, according to the OECD, but also admit to not really understanding them.
Multinational bitcoin platform BitX has raised $4m in a round led by South Africa's third largest company, the Naspers Group.