2021 Indonesia Cryptocurrency Investor Report Part 3: Broader Applications of Cryptocurrency

1

Toshi

This underscores a broad theme. In our first report, we described how most of the survey respondents were in the 20–30 year old age range — a tech-savvy generation that expects simple, stylish interfaces, and easy to use platforms. While some platforms are making a push to bring crypto assets closer to other apps that this generation knows — Coinbase’s wallet using Venmo-like usernames, for example — there is still room to build digital interfaces and platforms that simplify crypto. Moving forward, it will be important to think about bridging the gap between the fairly perplexing crypto world and a generation that grew up with Facebook, Instagram, and Whatsapp.

#Cryptocurrencies #Cryptocurrency Wallets #Crypto 37 social mentions

2

Trezor.io

Hardware wallets or “cold” wallets are physical devices not connected to the internet, such as Trezor. They securely store private keys offline, so are more secure and suitable to store larger amounts of crypto assets.

#Cryptocurrencies #Cryptocurrency Wallets #Crypto 372 social mentions

3

DeFi Pulse

One of the first DeFi applications, Maker, launched decentralized stablecoin pegged to the US Dollar called Dai. It was launched in late 2017, and numerous other DeFi projects built on the Ethereum blockchain soon followed. In order to measure the total amount of participation and growth of these DeFi applications, the concept of TVL (total value locked) emerged. It is a measure of the total amount of value locked up on these platforms as collateral — something all DeFi applications share in common. By visiting DeFi Pulse, you can observe the rapid ascent of DeFi in the past year or so: from $692 million TVL in January 2020 to $50 billion in April 2021.

#Crypto #Fintech #Cryptocurrencies 192 social mentions

4

BlockFi

You can take out crypto loans via custodians such as BlockFi and DeFi platforms like Compound.

#Fintech #Crypto #Tech 99 social mentions