New crypto token hopes to help revitalize Bali’s tourism sector

A traditional gate in Bali. Photo: Unsplash
A traditional gate in Bali. Photo: Unsplash

In the age of blockchains and cryptocurrencies, there’s no escaping them in the market these days. So much so that an emerging new token known as “Baby Bali Token” has now entered the fray with the aim of helping revive Indonesia’s tourism industry, which was battered by the COVID-19 pandemic. 

“Baby Bali tries to combine cryptocurrency as a popular investment instrument with the tourism industry that’s currently in recovery and on its way for a revival,” Baby Bali Token CEO and Founder, Ramadhana Rachmat, said in a press release issued today. 

Ramadhana is developing a blockchain-based marketplace platform for tourism, with the aim of enabling people to use their Baby Bali tokens to book accommodations and rent vehicles, while also enjoying a variety of promos offered across Bali, according to reports.

Though you can’t legally use these tokens as a payment tool just yet, owners of Baby Bali Token can already enjoy some benefits through established partnerships, including with Mercure Hotel Kuta Bali, Melasti Bungalow & Spa, and a number of restaurants in Jimbaran, Ramadhana said. 

“The concept is a one-stop solution for people who are in Bali or going to visit Bali. It will contain everything about Bali,” he said, adding that the current vaccination rate in Indonesia looks promising for a revival of tourism.

“…The heyday of Bali tourism will soon be repeated. And when that happens, then Baby Bali products will be perfectly in the right time, and in the right place.”

Read more news and updates from Bali here

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