Pundi X Crypto Payment System to Be Used at Taiwan’s Ultra Music Festival
Blockchain based project working towards increasing crypto usage, Pundi X has recently partnered up with Taiwan’s Ultra Music Festival to initiate a crypto based payment system. It appears that the former will be issuing 30,000 XPASS cards to those participating at the said event. The XPASS will be used to purchase a wide range of goods from food items to souvenirs.
The XPASS cards resemble that of traditional credit and debit cards, as the Pundi X team describes it as being similar to “metro top-up card”. The card supposedly holds the necessary, encrypted private key information to ensure that one’s crypto holdings are not compromised. In order to make the payment, the XPASS card will simply be tapped onto Pundi X’s XPOS device, which will print out one’s respective receipt.
This is a great opportunity for Pundi X to introduce its products, as the event scheduled to take place on September 8th and 9th will have 35 different festival shops, with thousands of entertainment fanatics making their way.
CEO and Co-Founder of Pundi X, Zac Cheah seems excited with the endeavor, as it suits well with the company’s catch phrase of making the “use of cryptocurrencies as easy as getting bottled water” possible. In particular, Cheah sees this opportunity as one of “mass adoption”, especially given the fact that it is supported by “the Pundi X technology”.
This will be Taiwan’s fifth year putting together the Ultra Music Festival and, according to NewsBTC, the event will house several celebrity names including the likes of “EDM DJs and producers, DJ Snake, Marshmello, Galantis, Alan Walker and headliners.”
EDM DJ And Bitcoin Investor Working Towards Crypto
Speaking of EDM DJs, Justin Blau, who goes by the stage name 3LAU, also plans to launch his own crypto token dubbed, OMF token during the “Our Music Festival” at UC Berkeley on October 20.
Also reported by NewsBTC, the OMF token flourished into existence to reward those participating and producing music during the event. He was first introduced to the crypto sphere by Gemini co-founders, Cameron and Tyler Winklevoss, which he is grateful of, as his passion for music combined with the eagerness to offer enjoyable pieces took form.
Blau, who since made a name for himself within the music industry, will now test the waters of the finance world, and hopefully, he succeeds in doing so. Like many investors, he sides with blockchain technology’s ability to “eliminate a lot of inefficiencies.”