The deal makes a landmark in the merging of mainstream and crypto in the fourth most populated country in the world.
GoTo didn’t reveal any specific plans for PT Kripto Maksima Koin’s further development, but in an official statement, its representatives explained a deal as part of its effort to"a diverse money management hub."
PT Kripto Maksima Koin is one of the 25 crypto platforms licensed by Indonesia's Commodity Futures Trading Regulatory Agency . It received the license relatively recently, on Jan. 28, 2022. Earlier this year, GoTo, which had been formed as a result of a merge between a local e-commerce leader and an on-demand multi-service platform,Mastercard partners with crypto gateway to drive financial inclusion in Indonesia
According to Reuters data, in 2021 total transaction volume of the crypto assets in Indonesia rose more than 1,000% compared to 2020, to 859.4 trillion rupiahs .
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