{"id":5036,"date":"2017-04-17T12:00:08","date_gmt":"2017-04-17T12:00:08","guid":{"rendered":"https:\/\/innovationiseverywhere.com\/?p=5036"},"modified":"2017-04-17T12:00:08","modified_gmt":"2017-04-17T12:00:08","slug":"bitcoin-opportunity-in-asia-infographic","status":"publish","type":"post","link":"https:\/\/innovationiseverywhere.com\/fr\/bitcoin-opportunity-in-asia-infographic\/","title":{"rendered":"The Bitcoin Opportunity in Asia [Infographic]"},"content":{"rendered":"<p>So far, Bitcoin has <strong>primarily been used in investment and trading<\/strong> in countries such as <strong>China, Japan and South Korea<\/strong>.<\/p>\n<p>But the promise of the digital currency is most seen in the developing workd. \u00a0Indeed, there are huge\u00a0<strong>opportunities to disrupt the remittance market<\/strong>\u00a0in countries such as India, Indonesia and the Philippines. The remittances market is a $ 600 billion opportunity and is riddled with inefficiencies.<\/p>\n<h2>Cross-border Payments : Bitcoin&rsquo;s Opportunity<\/h2>\n<p><strong><strong>Cross-border payments with Bitcoin<\/strong> are also being considered in the <strong>trials and experiments by banks and other financial institutions.<\/strong><\/strong><\/p>\n<p><strong>e-Commerce has been rising in popularity<\/strong> across Asia but has been <strong>limited by factors<\/strong> such as a <strong>lack of payment options for the unbanked and underbanked.<\/strong><\/p>\n<p>Blockchain thus presents a <strong>valuable opportunity in this field<\/strong> by <strong>lowering the costs required to onboard potential new customers<\/strong>. The platform&rsquo;s <strong>emphasis on trust<\/strong> also assists customers who might <strong>ordinarily be flagged for suspicious activity.<\/strong><\/p>\n<p>In addition, blockchain technology provides them with an o<strong>pportunity to engage in digital payments<\/strong> which <strong>opens up opportunities across the payment ecosystem.<\/strong><\/p>\n<p>Benefits are also available on the merchant end. The technology enables merchants to <strong>automate payments via application programming interfaces (APIs)<\/strong> and <strong>support micro-payments to monetise aspects of the business such as content.<\/strong><\/p>\n<h2>A Varied Regulation Landscape<\/h2>\n<p>Developments for blockchain in Asia should continue to be interesting as the various countries sort out a model for implementing the technology within their systems.<\/p>\n<p>Check out our infographic on the use of Bincoin in Asia to find out more!<\/p>\n<p><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-5062 size-full\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/02\/block_3-1.png\" alt=\"Bitcoin use in Asia and its opportunities in investment and remittances across countries like China, Japan, India and the Philippines\" width=\"1600\" height=\"6132\" \/><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5030 size-full\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/02\/block_5.png\" alt=\"Blockchain opportunities for cross-border ecommerce in Asia through startups like BitX (now Luno) and Coins.ph\" width=\"1600\" height=\"3922\" \/><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5031 size-full\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/02\/block_6.png\" alt=\"Challenges for Blockchain in Asia with the varying regulations that can be permissive, contentious or vague across places like Singapore, China and Myanmar\" width=\"1600\" height=\"3430\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So far, Bitcoin has primarily been used in investment and trading in countries such as China, Japan and South Korea. But the promise of the digital currency is most seen in the developing workd. \u00a0Indeed, there are huge\u00a0opportunities to disrupt the remittance market\u00a0in countries such as India, Indonesia and the Philippines. The remittances market is [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":5066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[490,55,494,87],"tags":[46,497,128,422,57,103],"class_list":["post-5036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-continents","category-infographics","category-startups-innovators","tag-asia","tag-blockchain","tag-entrepreneurship","tag-fintech","tag-singapore","tag-startups"],"_links":{"self":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/posts\/5036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/comments?post=5036"}],"version-history":[{"count":0,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/posts\/5036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/media?parent=5036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/categories?post=5036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/tags?post=5036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}