According to reporting from Coingape, West Java Governor, Ridwan Kamil, is enthusiastic for Bitcoin to be adopted in Indonesia while emphasizing Indonesia’s efforts to embrace this digital asset as preparations are underway to establish a trading exchange dedicated to Bitcoin.
This move aligns with the increasing trend of the new generation acquiring Bitcoin as a reserve currency. With aspirations of becoming a “Bitcoin heaven”, Governor Kamil aims for Indonesia to surpass other nations in adopting the transformative technology, say Coingape.
While speaking about Bitcoin’s growing dominance, the governor said “the first [country] to adopt Bitcoin in a meaningful way will have a big advantage.”
Governor Kamil revealed that Indonesia has already made significant strides toward cryptocurrency adoption, with over 12-million crypto investors in the country. Remarkably, 70-percent of these investors have chosen Bitcoin as their preferred digital asset, and this number continues to grow by half a million annually, say Coingape.
Recognizing the potential of Bitcoin, the West Java Governor highlighted its ability to bring financial technology to the unbanked population in Indonesia, which currently represents 40-percent of the society. By leveraging Bitcoin, he believes that blockchain technology can bridge the gap and provide financial inclusion for previously unreachable communities.
Coingape report that Governor Kamil is very optimistic about Bitcoin’s potential to revolutionize Indonesia’s economy and improve the livelihoods of its citizens. Given Indonesia’s access to substantial renewable energy resources and a significant portion of the population remaining unbanked, the country appears to be ripe for widespread Bitcoin adoption.
Governor Kamil’s vision reflects the belief that Bitcoin can serve as a game-changer in unlocking economic opportunities and empowering both the underprivileged and the young generation in Indonesia.