Thai music festival will use its own token

Despite the ongoing COVID-19 pandemic, some events are going on as planned. Instead of canceling them, they are working to limit contact between [...] https://www.pinterest.com/pin/1085437947660215829/

Despite the ongoing COVID-19 pandemic, some events are going on as planned. Instead of canceling them, they are working to limit contact between attendees. New technologies are being used to do this. One such solution is a blockchain-powered cashless payment system. MYST token at festival in Thailand Mystic Valley, one of Thailand's largest music festivals, will release its own token that will be used for cashless payments during the event. According to Thursday's announcement, to issue its own MYST token, Mystic Valley organizers have partnered with local exchange Bitazza and startup Fuse.io, The new token will handle all financial transactions during the festival. The token will be used for all financial transactions during the festival and can be used to pay at any of the food and beverage stands. The event will take place from November 27 to 29 at Mountain Creek Golf Resort in Khao Yai, Nakhon Ratchasima. The MYST token aims to eliminate the need for paper money. The new cashless payment system is also expected to reduce costly fees charged by major payment systems. "The $0.01 network transaction makes the implementation of cashless payments available to any type of event organizer at a fraction of the cost," - reads the announcement. Event organizers will be able to exchange unused MYST tokens for fiat currencies. They will receive their refund in cash or by wire transfer. In addition to providing a cashless payment system, Mystic Valley allows tickets to be purchased using cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). Music, and cryptocurrencies The music industry has been closely tied to cryptocurrencies in recent years. Audius, a Binance-backed decentralized music sharing service, distributed $8 million in governance tokens to musicians and listeners on its platform in late October. In mid-May 2020, we reported that digital music store EMusic was issuing an eMU token. The token was meant to help musicians earn more from their royalties. Launched in 1998. EMusic is known as one of the first websites to sell MP3 recordings. According to Owler, the company now employs as many as 278 people and has annual revenues of $65.7 million.   Tags adoption festival music myst Thailand token