TicketSocket has recently collaborated with CoinPayments to enable TicketSocket customers to use cryptocurrency and NFTs in combination with TicketSocket's NFT ticketing system - Sell NFT Tickets as a payment mode for events instead of cash. Cryptocurrencies like Bitcoin and ERC20 Tokens are possibly being used for events payments. Together the companies are leveraging blockchain technology to provide standard modes of payment. The integration will follow the trend with the help of a model similar to what QuiD POS, a payment platform solutions provider, has adopted.
TicketSocket will now accept all cryptocurrencies available on majority exchanges, such as Gemini, Coinbase, and Binance. Apart from this, TicketSocket announces to allow merchants to specify crypto coins to accept for their events admissions. Over this announcement, CoinPayments' CEO Jason Butcher joined and shared his comments. He says, "We are keen to partner with TicketSocket and illustrate the limitless potential CoinPayments provides for merchants worldwide. Our robust and seamless solution will allow TicketSocket customers to accept cryptocurrency as a form of payment, providing an easier way of conducting business and reaching a broader consumer base.”
The corporation of crypto payments in event planning depicts a substantial shift in B2B and B2C. The massive shift of companies may accumulate an abundance of digital wealth in the future. The companies dealing with hard cash supply can also generate revenue to increase their transactions digitally. In this case, TicketSocket is eventually noting a positive impact—as in January 2022, around seven TicketSocket customers have begun using cryptocurrencies and NFTs as modes of payment. In this way, the company anticipates more of their older and newer customers to follow the new suite of payment faster and sooner.
We feel that this partnership with CoinPayments is extremely timely in the industry as we simultaneously release support for NFT ticketing, this provides our clients with all the tools they need to be successful and stay cutting edge.”
Mark Miller, CEO of TicketSocket, also was heard saying,
TicketSocket currently stands as a leading NFT ticketing provider among other providers globally. The partnership of TicketSocket and CoinPayments now allows TicketSocket customers to sell tickets and include registrations for events of all types and sizes into crypto. Launching the new payment mode and solution will enable buyers to purchase tickets through Fiat or Crypto and obtain a unique NFT. TicketSocket provides this service through a dynamic minting system that delivers 100% original NFTs to buyers.