Indonesia’s Biggest Tech Firm Enters Cryptocurrency Market – Bitcoin Magazine

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  • GoTo purchased PT Kripto Maksima Koin by acquiring 100% of available shares.
  • The tech giant paid about $8.38 million for the acquisition to become a money management firm.
  • GoTo reportedly accounts for 2% of Indonesia’s total GDP.

The biggest technology firm in Indonesia, GoTo Gojek Tokopedia Tbk (GoTo), entered the Bitcoin and cryptocurrency space by acquiring local exchange PT Kripto Maksima Koin, per a report from Reuters.

GoTo acquired ownership of the exchange by purchasing 100% of available shares for 124.84 billion rupiah ($8.38 million). The tech firm reportedly stated the acquisition was part of a larger objective to become “a diverse money management hub.”

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