What does it mean to top up currency in Indonesia (Indonesian remittance currency)?
What does it mean to top up currency in Indonesia? According to bitcoinist news,
What does it mean to top up currency in Indonesia? According to bitcoinist news, topping up currency in Indonesia means that digital tokens can be used as a payment method. For example, a merchant can use an e-wallet or mobile application to purchase cryptocurrencies while shopping online, and then they can complete the transaction by scanning a QR code with their phone. If users want to convert cash into legal paper currency or hard currency, they can also use a bank account to make transactions on Alipay without any fees.
Indonesian Remittance Currency
According to cryptonews, Indonesia is remitting the cryptocurrency e-bitcoin (EBIT) in exchange for Indonesian people using local payment tools for trading and cashing out. According to the Indonesian Financial Services Authority, “EBIT is an electronic wallet service and application that allows users to make instant transfers, store, and send digital assets through smartphones or computers.” It is reported that these tokens are used as rewards for individuals who contribute to the Indonesian economy. In addition, the country also offers virtual currency-related services in industries such as banking and tourism.
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