THELOGICALINDIAN - n-a
Over a thousand bodies acclimated cryptocurrencies for the aboriginal time at a music anniversary beforehand this month. At the I Land Sound Music Festival, an anniversary cyberbanking jamboree on Estonia’s Illiku Islet, Dash was acclimated for the aboriginal time as the festival’s primary anatomy of cyberbanking payment.
According to organizers, the anniversary was abounding by over 4,000 guests, about a thousand of whom acclimated the Dash-enabled NFC wristbands for food, drinks or merchandise. Crypto accounted for about 19,000 EUR of transactions—around a division of the festival’s absolute sales.
Organizers were absorbed in hosting a crypto music festival, but the challenges of introducing festival-goers to wallets and keys fabricated the abstraction a adamantine sell.
“There was no acceptable band-aid aback again to do all of this in an accessible and seamless way,” said Fernando Gutierrez, Chief Marketing Officer for Dash Core Group. Festival organizers approached several acquittal processors to advance NFC wristbands and POS software, Mr. Gutierrez said, but it didn’t assignment out. “Some of them were absorbed but they doubted the accommodation of Dash and crypto in general.”
Finally, organizers concluded up analytic the botheration themselves. “They assassin a developer, did some coding themselves and got to a actual acceptable solution,” said Mr. Gutierrez, who formed carefully with the festival’s organizers. “It works actual well, actual fast, and anon on the blockchain.” Dash Core Group provided sample videos of NFC crypto payments, which can be apparent below.
https://www.youtube.com/watch?v=_Bitu5ihc2Y
“NFC wristbands are accepted in festivals,” Mr Gutierrez said. “but accepting crypto as the courage of that is unique.” At the end of the festival, unspent dashes were refunded in banknote or crypto back guests alternate their wristbands.
Organizers additionally had some advice from Dash’s Decentralized Autonomous Organization, which voted to accord 516 Dash to armamentarium the festival. In accession to accouterment point-of-sale systems for the festival, merchants and aliment trucks, the provided funds were acclimated to accumulation Dash-branded beanbags, tables, phone-charging stations, promotional abstracts and crypto workshops, as able-bodied as music.
However, the anniversary was not after a few hiccups. On the aboriginal day of the festival, some of the wifi-connected POS accessories chock-full alive on the festivals’ brimming bandwidths. Within a few hours, organizers reconnected the machines with cables and payments resumed.
According to Mr. Gutierrez, festivals like these are allotment of Dash’s efforts to become the best cryptocurrency for payments. “We don’t try to do a thousand things,” he says. “We try to do payments. It’s a analgesic app that anybody has to do every day, abounding times.” These efforts are starting to pay off in Zimbabwe—where crypto is alms much-needed clamminess to the cash-starved economy—and Venezuela, area over 500 merchants acquire the cryptocurrency.
The columnist has investments in Dash and added cryptocurrencies.
