THELOGICALINDIAN - Leading blockchain payments provider Pundi X and its XPASS agenda belvedere will ability affairs for over 30000 XPASS holders at the anniversary Ultra Music Festival in Taipei Taiwan
Ultra Attendees Can Pay with XPASS at 35 Retail Outlets
The better absolute cyberbanking ball music anniversary advance in the world, Ultra Music Festival, will see their anniversary Taiwan appearance become the testing area for an exclusive partnership with Indonesia-based cryptocurrency startup Pundi X to ability blockchain-based payments for attendees.
Over 30,000 XPASS cards will be accessible for attendees to acquirement and use at Pundi X’s XPOS blockchain acquittal terminals begin at 35 altered anniversary shops. The cards can be acclimated to acquirement aggregate from aliment to anniversary commodity such as T-shirts and added gear.
CEO and co-founder of Pundi X, Zac Cheah hopes the affiliation of his firm’s blockchain technology will authenticate real-world acceptance of cryptocurrencies like Pundi X. He calls it a “major moment for accumulation adoption,” adding:
“In a little added than two weeks time these doubts can be laid to blow back 30,000 affair goers adjoin the animated accomplishments of this year’s Ultra Taiwan anniversary pay for drinks, aliment and commodity application Pundi X technology.”
Last year’s Ultra Taiwan saw the appearance of over 27,000 people. This year is the fifth ceremony of the show, demography abode at Da Jia Riverside Park, Taipei, Taiwan on September 8 and 9. The anniversary appearance notable EDM DJs and producers DJ Snake, Marshmello, Galantis, Alan Walker, and abounding added as headliners.
There’s Another Music Festival on the Block(chain)
It’s not aloof Ultra Music Festival that’s attractive to blockchain to affirm transactions.
EDM DJ, producer, and aboriginal Bitcoin broker 3LAU, whose absolute name is Justin Blau, is ablution his own cryptocurrency token, the OMF token, at the accessible Our Music Festival demography abode on October 20 at the Greek Theatre at UC Berkeley.
Pre-sale tickets for the accident were offered alone to crypto holders, with payments in Bitcoin, Litecoin, Bitcoin Cash, and Ethereum accepted.
Blau aims to actualize an OMF-based ecosystem that rewards artists and admirers for accessory events, affairs tickets, alms feedback, and all-embracing accord in the “experience.” Blau looked to blockchain’s arguable abiding balance technology as a bridle adjoin ticket-related counterfeiting and scalpers who aerate prices. He additionally expects blockchain technology to “eliminate a lot of the inefficiencies” he adventures in his career in the music industry.
Blau anesthetized on a career alive for BlackRock investments to accompany a career in music. Around that time, Blau met Cameron and Tyler Winklevoss who alien him to Bitcoin and started his adulation activity with the arising technology. Nearly bristles years later, Blau is ablution his own cryptocurrency and dipping his toes aback into the apple of finance, all while still amidst by his affection in music.
