- DigiAsia Corp. (FAAS, Financial) to allocate up to 50% of future profits to cryptocurrency holdings.
- Strategic partnerships with major Southeast Asian crypto exchanges.
- Integration affects a network of 1.2 million merchants and 70+ enterprises.
DigiAsia Corp. (NASDAQ: FAAS), Indonesia's leading Fintech-as-a-Service provider, has announced a bold strategic initiative to enter the cryptocurrency market. The company's board has approved allocating up to 50% of future profits to cryptocurrency holdings, marking an aggressive treasury diversification strategy aimed at capturing growth opportunities within the digital asset space.
This initiative involves forming partnerships with leading Southeast Asian cryptocurrency exchanges to incorporate them as payment and wallet enablers within DigiAsia's ecosystem. This move is designed to benefit DigiAsia's extensive network of 1.2 million merchants and over 70 top enterprises, facilitating the seamless integration of cryptocurrency payments into their existing digital commerce infrastructure.
Additionally, DigiAsia plans to develop fiat-to-crypto conversion capabilities, streamlining transactions for businesses and consumers. This advancement aims to leverage Indonesia's favorable regulatory environment for digital assets and fosters greater adoption of cryptocurrencies across the country.
As a prominent payment processor in Indonesia, DigiAsia is poised to capitalize on the burgeoning interest in cryptocurrency, supported by the nation's mature regulatory framework for crypto assets. With a strong distribution network and strategic positioning in the fintech and cryptocurrency sectors, DigiAsia is well-equipped to enable crypto adoption on a large scale.
