Speaking with CoinDesk, Bitcoin Indonesia CEO Oscar Darmawan expects substantial growth for his fledgling exchange, which is still in beta testing.
We are launching our system and we are confident that our daily volume at least will reach 200 BTC daily in this semester. … So far, about 1,500 members already listed in our database and everything running better than expectation.”
Last month, Indonedia’s central bank issued a statement warning of the dangers of bitcoin and noting that virtual currencies were “neither currency nor legal payment tools in Indonesia,” but stopped short of banning them.
As one of the top-ranked “emerging economies” with a rapidly growing technological infrastructure, Indonesia is in a unique position to benefit from bitcoin. This fact is not lost on local merchants, who have been rapidly adopting the virtual currency in the capital city of Jakarta. An estimated 80% of the adult population in Indonesia (pop. 250 million) doesn’t use any financial service. A growing number of that same population does have access to low-cost smart phones, opening up a huge potential market for bitcoin.