Crypto Assets Are Now Livelihoods For Indonesian People, And Can Also Be Used For Charity

Illustration. (Photo: Doc. Antara)

JAKARTA - Public interest in investing in crypto assets is increasing day by day, especially millennials. This is shown by the increasingly crowded and increasing transactions on many officially registered crypto exchanges in Indonesia, one of which is Indodax.

The presence of crypto assets in Indonesia, in fact, can provide benefits to the economy of people who invest in crypto. Many people find it very helpful to have crypto asset trading transactions in Indonesia. One of them is Fajar Kurniawan, a former security guard for a shopping center in the city of Yogyakarta.

"I started getting to know bitcoin trading since I was laid off from my workplace because of the corona pandemic. After that I read on the internet and found one of the websites that explained about digital asset investment, namely the Indodax website. After that I became interested and immediately learned about it Since then I have started to enter the world of trading," he said in a written statement received by VOI, Saturday, October 30.

Another story from Nimas Ayu Tiyas, a midwifery student from Pasuruan, East Java, who has successfully fulfilled her college needs, such as buying books and college equipment from crypto trading. Rifandi, an online motorcycle taxi driver from Medan, felt the same way. He said that trading crypto assets could make up for the shortfall in income he was experiencing due to the pandemic.

"The reason for trading is that I want to change life for the better. I'm an ojol. There are tips from customers who gave one thousand two thousand, I collect them and then deposit. Yes, it's okay to add more every month," he said.

In addition to crypto assets that can be used to meet the needs of life, crypto assets can also be used to donate. As in the UK for example, in 2018 the mosque in London, England announced that they received zakat in the form of crypto.

This decision makes it the first mosque to accept donations in crypto. Not only in the UK, donations in the form of crypto are also accepted by one of the crowdfunding platforms from Indonesia, Ayobantu.

As CEO of Ayobantu, Agnes Yuliavitriani also said that Ayobantu, as a fundraising startup, accepts bitcoin as a form of donation. With the presence of nyakripto, this will make it easier for people who want to donate and share goodness.

The Ayobantu party only needs to do the conversion from crypto assets to rupiah. Donations with this cryptocurrency will facilitate and speed up transactions as well as transparency in accordance with the characteristics of the blockchain technology itself.

"The number of crypto users in Indonesia is relatively increasing. As of July 2021, the Ministry of Trade stated that the number of crypto customers has reached 7.4 million people. This figure has doubled in a year with the transaction value also increasing significantly. Seeing this "We feel that the public already sees crypto as a potential asset, and it can be used to have a wider impact, one of which is by sharing goodness through donations," said Agnes Yuliavitriani.

Currently, Indonesia already has a place to buy and sell more than 170 crypto assets that are officially registered and have their legality regulated by the relevant Ministry. One of the popular exchanges in Indonesia is Indodax, which has been around for seven years and has more than 4.4 million members.