Kinesis In Indonesia

Kinesis KAU is in use in Indonesia and has been adapted through local partnerships and various initiatives among the population. Articles about applications such as PosPay Gold and the Nunomics App show how digital gold is being introduced into everyday economic activity there.

PosPay Gold concentrates on making allocated gold more widely available across the country by using the existing payment infrastructure that already reaches millions of unbanked and underbanked people.

The Nunomics App is a different project that tries to place these digital assets into local financial habits, with a mobile interface that fits Indonesia’s high rate of smartphone use. The country has more than 350,000 convenience stores and a digital economy that is projected to go past $100 billion, which opens up a large network where digital assets could be integrated.

The two initiatives take different routes toward bringing a gold-backed digital currency into a developing economy that has its own particular demographic and geographic conditions.