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Bitcoin Payments Enabled by Indonesian E-Marketplace

Last Updated March 4, 2021 4:48 PM
Samburaj Das
Last Updated March 4, 2021 4:48 PM

A prominent e-commerce and digital payment platform in Indonesia, KinerjaPay Corp., has enabled bitcoin payments for transactions on its platform. This will be the first time that an e-commerce portal in Indonesia allows for bitcoin transactions on its platform.

Users of KinjeraPay Corp., an Indonesian e-commerce platform will now be able to settle transactions on the marketplace with bitcoin.

In an announcement  today, the Indonesian marketplace revealed a partnership with Bitcoin Indonesia, a digital currency exchange that enables buying and selling bitcoin with the local fiat currency – the Indonesian Rupiah.

KinerjaPay Bitcoin

With the newly enabled feature, users will be able to pay for utility bills, make money transfers and buy products sold on the platform, with bitcoin.

The move to enable bitcoin payments underlines the potential of bringing in the user-base of a growing community to transact and pay for normal bills with the cryptocurrency, for the first time in the country.

In a statement, CEO and Chairman of KinerjaPay Corp., Edwin Ng said:

This partnership enables us establish relationships with Bitcoin Indonesia’s membership, currently in excess of 150,000 accounts, which we expect will boost the volume of transactions on our platform going forward.

Bitcoin Accepted

Accepting the most popular and widely-used cryptocurrency alongside traditional payment methods is gaining traction among major e-commerce platforms.

In March 2016, DMM.com, an online entertainment platform with some 19 million users enabled purchases with bitcoin on the website. The online platform and marketplace is among the top 25 websites in Japan. In this case, DMM.com also sought the help of a locally-based bitcoin exchange, in Coincheck.

In the same month, the biggest online auction and marketplace in South Africa – Bidorbuy, included bitcoin as a mode of payment for its users. With over 30 million page views every month, Bidorbuy is among the most visited websites in South Africa.

Notably, the feature is available for both buyers and sellers in the marketplace.

Images from Shutterstock and KinerjaPay.