RippleNet member Nium receives Indonesian central bank fund transfer permit

According to the Bitcoin Exchange Guide, RippleNet member Nium (formerly InstaREM) received a transfer of funds from the Bank of Indonesia. Prajit Nanu, co-founder and CEO of NIUM, said that the potential for cross-border payment in Indonesia and abroad is huge. After obtaining the license, Indonesian consumers and SMEs will be able to make cross-border payments at more than 60 different locations around the world via NIUM's digital currency transfer service.