The Presence of Web3 Drives the Development of Indonesia's Digital Economy

The presence of WEB 3.0 is considered to provide good opportunities for the development of the digital economy in Indonesia. This was conveyed by the Co-Founder & Chairman of VCGamers, Wafa Taftazani.

He said the presence of WEB 3.0 would have an extraordinary impact on the digital economy in Indonesia in 2022.

This, he said, was because there were still parties who did not have bank accounts or credit cards.

“The impact (the presence of WEB 3.0) has been extraordinary. Because it must be remembered, in Indonesia there are still many who have not been touched by bank accounts, and not many who have been touched by credit cards, so not many have credit scoring," said Wafa deeply 2022 Economic Outlook Program on CNBC.

Wafa said, this certainly made it difficult for these parties to access loan and investment funding. So, it can not develop a business that is being initiated can develop.

"In the end, if you cannot get loan or investment funding, you will not be able to grow and develop economically and this is happening massively in Indonesia," said Wafa.

He continued, the presence of WEB 3.0 will also facilitate the process of obtaining investment or funding to develop business activities.

Moreover, recently it has been noted that a number of people already have crypto wallets instead of stock accounts.

“With WEB 3.0, all these processes will be cut. "The fact is that now in Indonesia many people have crypto wallets compared to stock accounts," he said.

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"Without realizing it, there is a generation thatembrace fintech via WEB 3 without being noticed by the traditional financial system. "This means that people can very easily get access to funding or can easily do business," continued Wafa.

Broadly speaking, he stated, there were many jobs that WEB 2.0 could not do but could only be done by WEB 3.0.

"And many things that are done in the metaverse make many things in the real world no longer relevant and this needs to be re-manage well. "Collaboration between the government, private sector and society to create WEB 3.0 to advance the nation," said Wafa.