Binance has partnered with state-owned PT Telkom Indonesia. The goal of the partnership is to create a new cryptocurrency exchange that can be used in the Indonesian market.
Binance has partnered with state-owned PT Telkom Indonesia, making it easy for everyone in the country to buy and sell cryptocurrencies using their local currency, the Indonesian Rupiah.
This is an exciting move for Binance as it will allow them to tap into this vast market and expand their business. This also enables PT Telkom Indonesia, one of the largest telecommunications companies in Southeast Asia, to enter into a new market alongside providing its citizens with an easier way to invest in cryptocurrencies.
Additionally, The partnership between Binance and Telkom Indonesia will allow them to help people in the country learn about blockchain technology while providing them with a platform where they can trade their favorite cryptocurrencies.
According to a joint statement made on Wednesday, the partnership would also address the issue of growing blockchain usage across Indonesia. Let us not forget that we are talking about a nation with over 240 million people.
Binance will supply asset management infrastructure and technology to aid in developing the new exchange platform. Simultaneously, the new partnership allows the business to expand its activities in a nation where it has previously made significant investments, including the Toko crypto cryptocurrency trading platform.
Binance Chairman and CEO Changpeng Zhao told the media that the goal at Binance is to build the cryptocurrency and blockchain ecosystem across the globe and this new project in Indonesia is an important move in this direction. With the rapid spread of technology, and an impressive economy, Indonesia is poised to become among the top blockchain and cryptocurrency hubs across Southeast Asia.
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