EXIT Festival Launches Bitcoin Payment For Ticket Sales
EXIT Festival from above
EXIT Festival is ecstatic to be a part of the crypto revolution, as it is likely the first major festival in the world to offer ticket sales via the Bitcoin digital payment system. With headliners like David Guetta, DJ Snake, Tyga, Asaf Avidan, Eric Prydz b2b Four Tet, Boris Brejcha, Solomun, Sabaton, and many more, the Novi Sad event is on track to be the first major international festival of the season.
With the rise of blockchain, digital currency, and non-fungible tokens (NFTs), EXIT recognizes that in order to grow and evolve, festivals must adapt and embrace new technologies to meet the needs of their audiences.
The potential of blockchain, digital exchange and currency is exciting and we wanted to make sure we are at the forefront and are utilising new technologies and able to engage with our tech savvy audience as technology evolves and changes – EXIT Festival CEO & Founder Dusan Kovacevic
Bitcoin is a transaction-based currency that is quick and secure, and it has posed a significant challenge to current financial and governance norms. Customers can now use EXIT’s central webshops to buy festival passes, camping tickets, and lockers in exchange for Bitcoins.
Customers will see an option to ‘Pay with Bitcoin’ in the same way they will see an option to ‘Pay by Card’ once they have selected the items they want to purchase in the webshop. They will then be given a QR code to scan with their Bitcoin App, and once the payment has been made, the Bitcoin network will confirm it, and the customer will receive their tickets.
Bitcoin is a cryptocurrency created by Satoshi Nakamoto in 2008. It is a decentralized digital currency that can be sent from user to user on the bitcoin network and has been in use since its implementation was released as open-source software. It is a decentralized digital currency that does not have a central bank or single administrator. Network nodes use cryptography to verify transactions, which are then recorded in a public distributed ledger called a blockchain.