Billionaire investor Tim Draper shifts focus from China to Indonesia

Billionaire investor Tim Draper shifts focus from China to Indonesia

Tim Draper. Photo: DFJ website

Billionaire investor Tim Draper sees opportunities in Indonesia, especially with bitcoin and blockchain technology, as entrepreneurs take advantage of a lack of modern banking infrastructure to build their own.

Despite its young tech-savvy citizens raised on smartphones and apps, Indonesia has the second-highest dependency on cash in the world after India, according to the World Bank. The managing partner of Draper Associates expects users to jump to cryptocurrency.

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