NanoByte partners with Danamas to launch first token for instant fiat loan

By Leandra Monteiro

Indonesia has only around 7 million crypto investors in the country or less than 3% of the total population. NanoByte Token (NBT) was launched last month aiming to become a pioneer of crypto adoption in the fourth most populous country in the world.

NanoByte is affiliated with Nanovest, an investment application to trade US stocks and cryptocurrency-based in Indonesia and already gained the support of more than 2 million people in Indonesia during its beta launch. The company finally announced its latest innovation: the first-ever instant fiat loan with NanoByte through a partnership with Danamas, a Sinarmas Financial Service company.

Sinarmas Financial Service is a financial services provider in Indonesia that provides an integrated and comprehensive range of financial services, including Banking, Insurance, Financing, Capital Markets, Asset Management, Share Administration, Security, and Information Technology.

NanoByte’s partnership with Danamas is the first manoeuvre of making crypto assets accepted in the full suite of the traditional financial ecosystem in Indonesia. As a crypto project, Nanobyte Token (NBT) is now available through the centralized exchange platform Tokocrypto, Binance’s portfolio in Indonesia. In the global market, it is accessible through Pancakeswap dan Uniswap.

Nanovest, CEO, Hutama Pastika, said the partnership between Nanobyte and Danamas in providing NBT as an instant loan application service facility will be effective as of April 19th, 2022. “The latest scheme in the crypto-asset-based instant lending services (NBT) is expected to encourage education and be a proof to crypto enthusiasts with all Indonesian people of what kind of amazing things a digital asset can provide. Hopefully, all of these efforts can foster people’s trust that this new investment instrument is not that difficult and perfectly safe for everyone.”

“Danamas and Sinarmas Financial Service discover that today’s young generation has begun to get more literate in investment and invest a lot through digital currency. Through this partnership, NanoByte token holders can get instant loans with up to 80% lower interest than what they normally get in the market,” said Danamas, CEO, Joyce Andries.