NEWPORT BEACH, Calif., February 16, 2022 /PRNewswire/ — With the evolution of blockchain technology, cryptocurrencies such as Bitcoin and ERC20 tokens are likely to become mainstream payment methods. In line with this trend, TicketSocket recently announced its collaboration with CoinPayments, a crypto payment processor. This partnership will allow TicketSocket customers to accept cryptocurrency in conjunction with TicketSocket’s NFT ticketing system – Sell NFT tickets – or non-fungible tokens for events and experiences – in lieu of cash at events. ‘events. The integration follows a similar model to that adopted by companies like QuiD POS, another CoinPayments partner.
TicketSocket can now accept almost all cryptocurrencies available on traditional exchanges, such as Coinbase, Gemini and Binance. To further empower their customers, TicketSocket gives merchants the ability to specify which cryptocurrencies they will accept for admission to their events.
“We are thrilled to partner with TicketSocket and exemplify the limitless potential CoinPayments offers to merchants around the world,” said CoinPayments CEO. jason butcher. “Our robust and transparent solution will enable TicketSocket customers to accept cryptocurrency as a form of payment, providing an easier way to do business and reach a wider consumer base,” he added. .
The integration of crypto payments into event planning signals a bigger shift in how B2B and B2C businesses can accumulate digital wealth in the years to come. Specifically, businesses that are formally limited to hard cash supply will be able to generate revenue that is likely to increase after initial transactions. TicketSocket is already seeing this positive impact: January 2022About seven TicketSocket customers have started using cryptocurrencies and NFTs as payment methods, and the company expects more of its older and newer customers to follow suit.
“We believe this partnership with CoinPayments is extremely timely in the industry, as we are simultaneously releasing support for NFT ticketing, this provides our customers with all the tools they need to succeed and stay on the cutting edge,” said Mark MillerTicketSocket CEO
With locations around the world, TicketSocket is now one of the leading NFT ticketing providers. The TicketSocket-CoinPayments partnership now allows TicketSocket customers to sell tickets and registrations for events of all types and sizes, including crypto conferences for example. Launching in combination with TicketSocket’s new NFT ticketing solution allows buyers to purchase tickets via Fiat or Crypto and then receive a one-time NFT. TicketSocket provides this service through a dynamic minting system that can mint, attach and deliver 100% original NFTs to buyers. The NFT can be completely customized according to each trader’s preferences, whether it is specific illustrations or numerical event information. Additionally, the NFT is fully transferable to any exchange, completing the blockchain transaction lifecycle for purchasing tickets via crypto and delivering a digital NFT ticket.
TicketSocket is the world’s leading white-label ticketing and registration service, providing organizations around the world with personalized event management and ticketing solutions. Specifically, it handles all tasks associated with ticketing, processing and organization while leaving full control of the customer experience in the hands of event organizers and suppliers.
Relying primarily on a proprietary plugin framework as well as APIs, TicketSocket is an industry leader with over 10 years of experience. Founded in 2012, the company is headquartered in Newport Beach, California but has offices everywhere North America, Asiaand Europe. It currently serves thousands of customers worldwide and handles millions of transactions per year.
CoinPayments is the world’s first and largest crypto payments processor. Since its inception in 2013, the company has processed over $10 billion in payments and has served over 100,000 merchants globally, and is now active in over 190 countries. Thus, it is one of the most accessible cryptocurrency for individuals and businesses. The company is committed to providing fast, reliable and secure payment processing with various tools including shopping cart plugins, APIs and digital wallets.