Thai music festival to use its own token for a cashless event
cointelegraph.com
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 organizers partnered with local cryptocurrency exchange Bitazza and blockchain startup Fuse.io to mint its own crypto token, MYST.
“Network’s $0.01 transaction makes the implementation of cashless payments accessible to any kind of event organizer at a fraction of the cost,” the announcement notes. Alongside providing a cashless payment system, Mystic Valley also allows attendees to buy their tickets with major cryptocurrencies like Bitcoin (BTC), Ether (ETH), and stablecoin Tether (USDT), the announcement notes.
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