Foremost blockchain payments supplier Pundi X and its XPASS card system will power transactions for above 30,000 XPASS holders at the annual Ultra Music Festival in Taipei, Taiwan.
Ultra Attendees Can Pay out with XPASS at 35 Retail Outlets
The most significant independent digital dance music festival promotion in the world, Ultra Music Festival, will see their annual Taiwan display become the screening grounds for an unique partnership with Indonesia-based cryptocurrency startup Pundi X to power blockchain-based payments for attendees.
More than 30,000 XPASS cards will be readily available for attendees to order and use at Pundi X’s XPOS blockchain payment terminals identified at 35 different festival shops. The cards can be utilized to order anything from foods to festival merchandise this kind of as T-shirts and other gear.
CEO and co-founder of Pundi X, Zac Cheah hopes the integration of his firm’s blockchain engineering will exhibit real-world utilization of cryptocurrencies like Pundi X. He phone calls it a “major instant for mass adoption,” incorporating:
“In a minimal a lot more than two months time these doubts can be laid to rest when 30,000 celebration goers towards the hectic backdrop of this year’s Ultra Taiwan festival shell out for beverages, foods and merchandise making use of Pundi X engineering.”
Past year’s Ultra Taiwan saw the attendance of above 27,000 individuals. This yr is the fifth anniversary of the display, getting put at Da Jia Riverside Park, Taipei, Taiwan on September 8 and 9. The festival characteristics notable EDM DJs and producers DJ Snake, Marshmello, Galantis, Alan Walker, and quite a few a lot more as headliners.
There is A different Music Festival on the Block(chain)
It is not just Ultra Music Festival that’s on the lookout to blockchain to underpin transactions.
EDM DJ, producer, and early Bitcoin investor 3LAU, whose real identify is Justin Blau, is launching his individual cryptocurrency token, the OMF token, at the forthcoming Our Music Festival getting put on Oct 20 at the Greek Theatre at UC Berkeley.
Pre-sale tickets for the occasion have been offered exclusively to crypto holders, with payments in Bitcoin, Litecoin, Bitcoin Cash, and Ethereum accepted.
Blau aims to produce an OMF-based ecosystem that benefits artists and fans for attending events, getting tickets, presenting feedback, and general participation in the “experience.” Blau seemed to blockchain’s trustless immutable ledger engineering as a deterrent towards ticket-linked counterfeiting and scalpers who inflate prices. He also expects blockchain engineering to “eliminate a lot of the inefficiencies” he ordeals in his job in the music business.
Blau handed on a job performing for BlackRock investments to pursue a job in music. All around that time, Blau met Cameron and Tyler Winklevoss who introduced him to Bitcoin and started off his really like affair with the emerging engineering. Approximately five a long time later on, Blau is launching his individual cryptocurrency and dipping his toes back again into the world of finance, all though nevertheless surrounded by his enthusiasm in music.
Highlighted graphic from Shutterstock.