Jakarta, Gizmologoi – In November 2021, StraitsX launched the Rupiah-denominated XIDR stablecoin. Each XIDR token has a value equal to one Rupiah and will be available in the StraitsX ecosystem. Now, they are strengthening their utility by presenting XIDR StraitsX Business Account for the market in Indonesia
For your information, StraitsX is a pioneer in Southeast Asia’s digital asset platform developed by Xfers. This is a Singaporean FinTech company that has been licensed by the Monetary Authority of Singapore (MAS) for the issuance of electronic money,
This XIDR StraitsX Business Account provides affordable, accessible, and developer-friendly digital asset infrastructure and solutions for 62 million businesses in Indonesia, ranging from SMEs to multinational companies.
“In line with the Indonesian government’s vision to introduce a more inclusive and equitable digital agenda, our goal is to build a strong digital asset ecosystem that can be relied upon by local and international partners,” said StraitsX Head, Aymeric Salley, at an online press conference. , Wednesday (23/2).
XIDR Stablecoin with StraitsX Business Account Aims for Indonesia’s Business Potential
Salley added, XIDR Stablecoin has great potential in the global financial ecosystem, in addition to its main function in cryptocurrency transactions on the public blockchain.
“Thanks to the advantages of blockchain technology, stablecoin can help facilitate the delivery of digital assets to anyone, anytime and anywhere in minutes without any intermediaries, thus providing a faster and cheaper delivery option,” said Salley when introducing XIDR StraitsX. Business Accounts.
Meanwhile, Kinansyah Pramaditia, Business Development Manager of StraitsX Indonesia, said that with the rapid growth of Indonesia’s fintech, blockchain, and digital assets, the demand for reliable and compatible Indonesian rupiah-denominated stablecoin is increasing.
“From a broader perspective, this trend also shows how businesses and industries can drive financial inclusion, where digital literacy plays an important role,” he added.
StraitsX also has a team in Indonesia to fulfill its mission to accelerate access to digital assets for individuals and businesses in Indonesia. The company recruited Jume Analyes as product lead. Prior to joining StraitsX, Jume was the co-founder of IDRS, the Rupiah stablecoin on top of the Solana blockchain.
XIDR Based on Ethereum and Ziliqa
XIDR Stablecoin aims to be the most cost-effective Indonesian rupiah stablecoin while offering maximum utility to its owners. The process of printing and exchanging XIDR to Rupiah can be done free of charge through the StraitsX platform, with limited on-chain transaction fees. Each XIDR token has a value equal to one Rupiah and will be available in the StraitsX ecosystem.
Users can leverage the XIDR stablecoin’s ability to send rupiah reliably and securely on the Ethereum and Ziliqa blockchain protocols with the expanding list of StraitsX ecosystem partners below.
XIDR is expected to be able to follow the successful launch of XSGD, a stablecoin fully backed by the Singapore dollar. Currently, XSGD has a market capitalization of more than 200 million US dollars.
Indonesians can get XIDR tokens by registering for a StraitsX account and transferring Rupiah to their bank account. Business accounts are also available for various businesses in Indonesia with higher transaction limits compared to personal accounts, plus advanced account management features.Adity
The Indonesian version of this article can be read in Gizmologi.ID