MUXE Business Case In Jakarta
On May 25 of 2019 the founders of MUXE BV went to Indonesia to explore the market and to find opportunities and possibilities to introduce the MUXE Token to local people in Indonesia. The visit to Indonesia was mainly Jakarta oriented. A lot of possibilities towards the future of the MUXE Token in Indonesia is certainly the case. After meeting up with great people which include family members and friends of the founder of MUXE BV great conversations were established in regards of how the MUXE Tokens could influence the people in Indonesia.
Discussing some of these options was honestly a great experience, MUXE received a lot of good feedback about the brand, products and corporate services. The Indonesian people are very interested in exploring the option of cryptocurrency and blockchain adoption. Setting the first foot in the Asian market is a true honor for MUXE, especially since we have had our focus on the Indonesian market since the beginning of the project.
We believe that networking is the key to open the door successfully. During our stay in Jakarta we were encouraged by the great shopping mall by Summarecon Mal Kelapa Gading. We had a great time at this amazing place and during one of our local meetups we discussed how the MUXE Tokens could impact the shopping industry in the future.
During a great casual lunch meetup everyone was excited to hear about the possibilities of Blockchain and Cryptocurrencies. Especially in Indonesia Crypto and Blockchain is for most people still an unspoken topic, especially since its seen as gambling which is not allowed due to the religion of most people. Only a fraction of people in Indonesia have already learned to understand the benefits of Cryptocurrencies and Blockchain and the market is turning to an open mind slowely but steady.
One of our local meetups in Senayan City was to explore the options of use cases for MUXE in the hearths of the city of Jakarta. Great places with great food and drinks surrounded by thousands of amazing people.
In Senayan City most stores, restaurants, haircut salons or other businesses already adapted to their own membership/point system which is a huge step in the future for Jakarta. The possibilities to expand that is simply huge and very compatible with the current state of digital acceptation that many business owners have already shown towards digitization and technology expansions.
Having local meetups are great ways to explore potential expansion for projects, especially in the crypto sphere they are important to create awareness of what the influence or disruption of cryptocurrencies can do and how it may impact the lives from thousands to millions and eventually billions of people. Especially this local dining meetup was great in terms of learning more about the needs of Indonesia. From MUXE’s perspective we explained how the MUXE Ecosystem could have a drastic impact on some of the traditional use cases Indonesia has adapted in their current environment.
One of the great surprises was that during our stay in Jakarta one of our new business partners the founder of Ricz Uniform is a community member of the @MuxeIndonesia group on Telegram and he has decided to add the MUXE brand to his clothing store. MUXE Caps can now be bougth directly at the Ricz Uniform outlet in Jakarta.
Ricz Uniform is an clothing boutique in Jakarta and from hereon forward will support the distribution of MUXE branded merchandise to its customer base. The MUXE Team is very grateful for this amazing contribution by Ricz Uniform!
At our last evening in Jakarta we had a great meetup with one of our connections from the bank discussing potential expansion of MUXE into Jakarta. During this local meetup we were presented a few of the options that could allow MUXE to be entered into the Indonesian market. We decided that for now it is to early to make any concrete steps but we will continue to explore the options inside the Indonesian market.