Rupiah Token (IDRT) Will Be Available on Harmony

We are pleased to announce that the Rupiah Token (IDRT) will soon be integrated with Harmony. Blockchain Harmony supports four shards of a thousand nodes, producing blocks in 8 seconds with finality.

‍Harmony is a well-known blockchain network aimed at decentralized applications (DApps) using Effective Proof-of-Stake (EPoS) technology. With this partnership, Rupiah Token will launch its token (IDRT) on the Harmony Blockchain network (HRC20 Token).

Harmony is the next generation sharding-based blockchain that is fully scalable, provably secure, and energy-efficient. Harmony addresses the problems of existing blockchains by combining the best research results and engineering practice in an optimally tuned system.

By innovating on both the protocol and network layers, Harmony provides the world with a scalable and secure blockchain system that is able to support the emerging decentralized economy. Harmony will enable applications that were not previously feasible on the blockchain, including high-volume decentralized exchanges and Internet-of-Things transactions. Harmony strives to scale trust for billions of people and create a radically fair economy.

The partnership between Rupiah Token and Harmony can open up opportunities for cross-border transactions not only in Indonesia, but also in Asia. The existence of the IDRT token on Harmony will allow settlement in real-time for each transaction. With the integration of IDRT on the Harmony blockchain, users can enjoy low-cost instant transactions (less than US$ 0.00001). Also, with infrastructure support and integration with the banking network owned by Rupiah Token, users will easily convert their IDR fiat to stable coins and vice versa.

Shabrina Adani, Business Development Manager of Indonesian Token Rupiah, stated that the integration of Rupiah Token (IDRT) with Harmony is in line with the company’s mission to increase the adoption of Rupiah Token (IDRT) in the blockchain and cryptocurrency ecosystem.

“We believe this partnership will bring greater success to Rupiah Token as the first Indonesia’s stablecoin and Harmony as a strong technology foundation. We are confident that this partnership can serve Indonesian users not only in the natural on/off ramp solution to global exchanges, but also to use and transfer their Rupiah to anywhere in the world,” Shabrina said.

Meanwhile, Stephen Tse, CEO of Harmony, also said that this collaboration will bring a positive impact on the development of the blockchain industry in Indonesia, and even Asia.

“We are excited to expand in booming markets like Indonesia, where the pain points of cross-border finance are most felt. Rupiah Token is a trusted partner opening the gates for using stablecoins for settlement in the Indonesian corridors. They bring a great combination of a reliable local fintech infrastructure and new age stable digital assets, like the Rupiah Token.”

The next step, Rupiah Token and Harmony will look for partnerships in the existing blockchain and startup ecosystem to be able to take advantage of IDRT on the Harmony blockchain network.

In the next period, Harmony will hold a hackathon to further explore and build innovation through the IDRT token on the Harmony blockchain network.

About Rupiah Token

PT Rupiah Token Indonesia is a venture-capital-backed startup based in Jakarta, Indonesia. As a leading Blockchain technology company, our mission is to boost the acceptance of Indonesian Rupiah worldwide and accelerate the transition to a more inclusive and open financial system. Since its establishment in January 2019, Rupiah Token has been developing its services in Indonesia and building its ecosystem further by getting listed on reputable global cryptocurrency exchanges, integrating with leading crypto wallets, and partnering up with relevant stakeholders.