NanoByte Becomes First Token to Provide Instant Fiat Loans; Following a partnership with one of the largest traditional financial institutions in Indonesia
Jakarta, Indonesia–(Newsfile Corp. – April 27, 2022) – After a successful partnership with Danamas – one of Indonesia’s leading FinTech cooperations, NanoByte is poised to lead the way in crypto adoption in Asia-Pacific . They will be the first to provide instant fiat loans to over 270 million Indonesians.
Danamas x NanoByte Partnership
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Three of the world’s most populous countries (China, India, and the United States) are becoming increasingly strict on cryptocurrency, while crypto proponents have touted Indonesia as a future emerging market for cryptocurrency. industry. When it comes to cryptocurrency, Indonesia is way ahead of many countries. With a population of over 270 million and one of the fastest growing economies in the world, the future of this avenue looks bright. Its government is also open to crypto, with its president (Joko Widodo) actively encouraging Indonesians to learn more and improve their skills around new technologies, including crypto.
Despite huge opportunities in Indonesia, there are only around 7 million crypto investors in the country, less than 3% of its total population. NanoByte Token (NBT) was launched last month, aiming to become a pioneer in crypto adoption in the world’s fourth most populous country. NanoByte is affiliated with Nanovest, an investment app for trading US stocks and cryptocurrencies, based in Indonesia. It has already won the support of more than 2 million people in Indonesia when it launched in beta. Today they finally announced their latest innovation: the first-ever instant fiat loan with NanoByte through a partnership with Danamas, a subsidiary of Sinarmas Financial Service company.
Sinarmas Financial Service is one of the leading financial service providers in Indonesia that offers an integrated and comprehensive range of financial services including banking, insurance, financing, capital markets, asset management, stock administration, security and information technology. Sinarmas Financial Service is also part of the Sinarmas conglomerate group which has a presence in Indonesia since the 1930s.
NanoByte’s partnership with Danamas is one of the first moves to gain acceptance of crypto assets into the full suite of traditional financial ecosystem in Indonesia.
As a crypto project, the Nanobyte Token (NBT) is now available through the centralized exchange Tokocrypto, Binance’s wallet in Indonesia. In the global market, it is accessible through Pancakeswap and Uniswap.
Nanovest CEO Hutama Pastikasaid the partnership between Nanobyte and Danamas to provide NBT as an instant loan application service will be effective from April 19, 2022.
“The latest program of Instant Loan Services (NBT) based on crypto assets should encourage education and be proof for crypto enthusiasts with all Indonesians of the kind of amazing things a digital asset can provide. all these efforts can build people’s confidence that this new investment instrument is not so difficult and perfectly safe for everyone.”
The asset-based NBT instant loan offered by Nanobyte and Danamas is an innovative project, allegedly the first of its kind in the world. All Indonesians who wish to apply for a loan can do so as long as they have NBT and are available to join this program.
“Danamas and Sinarmas Financial Service are discovering that today’s young generation has started becoming better educated in investing and investing a lot through digital currency. Through this partnership, NanoByte token holders can get instant loans with up to 80% lower interest than they normally get in the market,” Danamas CEO, Joyce Andries mentioned.
To this day, crypto-based projects are often seen as risky, scary, and unstable investments. Through this innovation, Danamas and Sinarmas Financial Service intend to boost the adoption of crypto assets by introducing a new channel that is more reliable and accessible to the novice. Hopefully, this can lead to bigger and faster growth of the crypto industry in Indonesia, the Asia-Pacific region and worldwide. The foundations are formed and growth has begun. It can only get bigger and brighter from here.
About NanoByte Token (NBT)
NanoByte Token aims to link cryptocurrency to the traditional/conventional monetary system; creating utility for cryptocurrency in products such as e-money, credit cards, insurance, and other investments. NBT’s home market is Indonesia, the 4th largest country in the world with 270 million lives. After its initial launch in Indonesia, NanoByte is exploring opportunities in other countries. NBT is uniquely positioned to make crypto legit and mainstream due to the support it receives from both traditional financial institutions and new-age crypto institutions. Some of the big names partnering with NBT include Sinar Mas Financial Services (one of the largest financial institutions and a diversified group in Southeast Asia), Tokocrypto (the largest crypto exchange in Indonesia) and Agate International (the largest game developer in Indonesia).
Nanobyte website | Instagram | Twitter | Telegram | Medium | Youtube
About Danamas and Sinarmas Financial Service
Danamas is a company founded in 2000 under the name of PT. Komunindo Arga Digital, the company later changed its name to PT Pasar Dana Loan, which was established under the auspices of Sinarmas Financial Service, one of the leading financial service providers in Indonesia. Danamas is also a member of the Indonesian Fintech Association (AFPI). The company is committed to helping businessmen, especially MSME fighters, to develop their businesses, and employees/workers to obtain loans by tender and easily.
Danamas website | Instagram | Youtube
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121709