Coachella Shifts Towards Cashless Payments, Fans Request Bitcoin
The California-based annual Coachella music and arts festival began the shift towards cashless payments in 2014. This year the transition continued with all vendors accepting Android Pay, Apple Pay and Samsung Pay. The shift aims to increase sales of food, drinks and merchandise, as well as to move attendance lines faster and reduce the number of thefts of cash and plastic cards. This year the transition continued with all vendors accepting Android Pay, Apple Pay and Samsung Pay through POS provider Squares mobile wallet reader, allowing attendees to pay using their mobile wallets on their....
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The Coachella Valley Music and Arts Festival is stepping into non-fungible token (NFT) technology space, according to the festival’s official Twitter account. Coachella partnered with the crypto exchange FTX US, and the NFTs are minted on the Solana blockchain.
Coachella Partners With FTX US to Mint Solana-Based Digital Collectibles
Since 1999, the festival co-founded by Rick Van Santen and Paul Tollett called Coachella has been a popular music and arts event with its highest attendance in 2017, peaking at 250,000 attendees. Music acts that have played at various....
The topic of creating a cashless society has been kicked around a few times in recent years, but the major mind shift has not happened just yet. Some industry experts are even wondering whether or not a cashless ecosystem is realistic or not. With so many electronics payments – and digital currencies such as Bitcoin – at the consumer’s disposal, it seems to be a matter of time. There is no denying consumers are slowly gravitating to a world in which cash transactions are becoming less frequent. Even though there is a personal aspect to cash transactions around the world, a lot of consumers....
Coachella has officially entered into the crypto space by launching its own NFTs. The infamous music and arts festival boasts one of the largest attendances of any music festival and it is leveraging its enormous fanbase to bring this project to life. It will offer lifetime passes to concert-goers in the form of NFTs, as […]
Every day one hears about the impending demise of physical cash - the dirty coins and banknotes that our grandfathers used for everyday transactions, and some filthy criminals still use today - and the upcoming transition to a cashless society. To us geeks that seems initially a good idea - more virtual, more wired, more connected, more cyber - but then one has second thoughts. Cashless society? I say NO, thanks. Not yet. Sweden Leads in Cashless Transactions. Cashless as they intend it means 24/7 surveillance. It's a tool of Big Brother. If you have doubts, let me lay them to rest for....
Major music festival in Thailand is adopting blockchain for safer and smoother payments. Despite the ongoing COVID-19 pandemic, some global events have chosen to move forward as planned. Instead of canceling, they are working to limit close contact between attendees through the introduction of new technologies. One such solution involves a cashless payment system powered by blockchain.Mystic Valley, one the largest music festivals in Thailand, will be issuing its own token for cashless payments during its upcoming three-day event.According to a Nov. 19 announcement, Mystic Valley....