Bitcoin, Blockchain Cooperates with Japan on Virtual Payments

INDUSTRY.co.id - Jakarta - Association of Observer Bit coin & Blockchain Indonesia (PPBBI) with International Cryptocurrency Promotion Organization - Japan (ICCPO) has signed cooperation.

The signing of this Cooperation against the background of these two associations was motivated on the basis of the same observation on the development of virtual payment systems. This term is better known as Cryptocurrency or Bitcoin using Blockchain technology, which is a technology that has a high level of security.

"Estimates that use coin bits around the world are around 10 million users and this trend is increasing from time to time," said PPBBI Chairwoman Erwin Hadiyanto, in Jakarta on Wednesday (12/09/2018)

Of the 10 million users, nearly 60 percent are in Japan.

Bitcoin was first introduced by Satoshi Nakamoto around 2008-2009. Offers a variety of conveniences in completing financial transactions in digital ways.

Seeing an increasingly positive development, then PPBBI (Association of Observer Bit Coin & Blockchain Indonesia) has an initiative to establish cooperation with crytocurrency associations from Japan.

The purpose of this collaboration is to learn and increase knowledge about the management of crytocurrency or bit coins that have been done so far.

"This positive development will help transfer knowledge, especially in providing input to the government. Both in terms of technology and legal instruments related to cryptocurrency technology," he said.