Crypto-engineering of SCA for Indonesian SMEs in Facing Pandemic Covid-19: A Perspectives Analysis

Abstract

Cryptocurrencies have recently received much attention in the business sector, especially in the era of the Covid-19 pandemic. Financial technology has designed customer propositions and utilizes technology to provide efficient and attractive SME services in Indonesia. Meta analyzes from various sources and uses some relevant studies in compiling this article. Secondary data qualitative information from the literature review becomes material for further analysis. The concept of Sustainable Competitive Advantage (SCA) following SWOT analysis uses in this study aims to map the benefits and disadvantages of using Cryptocurrency - a type of digital money programmed with cryptography. As a result, Cryptocurrency is a sophisticated fintech technology that has become a valuable item for transaction facilities but has a high volatility market. Therefore, the Indonesian government launched a digital currency engaged in SMEs, namely QRIS. So any cryptocurrency is still a perspective for the development of the Indonesian economy from Small and Medium Enterprises (SMEs).