Empowering Indonesia's Economy | Jagad's Blockchain Innovation

At NFT Bali 2024, we were honoured to have Jagad as one of our key sponsors. This Indonesian-based company is revolutionising the way we use cryptocurrency, making it seamless to transact from crypto directly to the Indonesian Rupiah (IDR) using JIDR. Their innovative approach is bridging the gap between the digital blockchain economy and the traditional financial system, ensuring that the future of finance is accessible to everyone in Indonesia.

Who They Are: The Vision Behind Jagad

Jagad, founded by Elbert Toha, a tech-savvy entrepreneur with a banking background, addresses the limitations of traditional financial systems by leveraging blockchain technology. Elbert’s experience in banking and his first startup, ADX Asia, revealed the need for financial inclusion. This led him to create Jagad, a platform that bridges the gap between crypto and local economies.

Jagad IDR (JIDR), is a unique blockchain token that functions as a 'proxy rupiah.' Unlike traditional stablecoins, JIDR directly represents the real Indonesian Rupiah, offering increased transaction speed, continuous availability, and seamless interconnectivity with other cryptocurrencies. Jagad also offers the J-Wallet, a non-custodial, decentralised app that gives users full control over their JIDR, ensuring secure and immediate transactions.

Their Contribution to NFT Bali 2024

Jagad's support has been instrumental in making NFT Bali 2024 a reality. As a local company with a massive impact on the way we interact with cryptocurrency in Indonesia, Jagad’s sponsorship allowed us to create an environment where attendees could network and share ideas in a space that celebrates innovation and creativity.

As users of the Jagad app, we can personally advocate for the platform’s effectiveness and reliability.

A Lasting Impact

Jagad has not only supported NFT Bali 2024 but has also played a crucial role in transforming the way we interact with cryptocurrency is used in Indonesia. Their commitment to financial inclusion and innovation has left an indelible mark on the event and the broader crypto community in Indonesia.

As we look forward, Jagad continues to lead the charge in creating a more inclusive financial system, making it easier for everyone to participate in the digital economy. Elbert Toha’s vision and technology are paving the way for a future where the boundaries between traditional and digital finance are seamlessly integrated, empowering local communities and emerging markets across Indonesia.