Mystic Valley Festival, one of Thailand’s leading music events, with a previous attendance of over 10,000 people, is planning to safeguard their audience at their upcoming event by deploying Fuse’s open-source payment technology stack.
Event organizers worldwide are looking into new ways of maintaining public health to reopen safely and sustainably. Integrating contactless Web3 payments is now a highly effective way of battling the problem.
The organizers of Mystic Valley were looking for a cost-effective way to manage payments between vendors of food, drinks, merchandise, and activities during the 3-day event in Khao Yai from 27–29 November 2020. Using the Fuse Studio, they were quickly able to conceive of how a solution could be put in place after minting a customized token and launching a community wallet to manage transactions.
The solution is being implemented with Bitazza, a local digital asset platform. Here’s how it works:
- Attendees scan a QR code on arriving at the event to download the mobile wallet on iOS or Android automatically.
- Thai Bhat is exchanged for Mystic (MYST) tokens and made available immediately within the wallet.
- Each vendor has a QR code for festival-goers to scan and pay directly, with a notification sent in real-time confirming the transaction.
Attendees can exchange MYST using the wallet, creating a community around the token, an impossible feature with other festival-focused payment solutions on the market.
Cashless Festival Payments — a Growing Trend
Eliminating the need for cash at festivals and other similar events has been a focus for several years. It responds to public health-related issues during COVID-19 and makes for a much more enjoyable experience for the user by simplifying the interaction with vendors. Digital payments have been shown to increase revenue by upwards of 15%, thanks to decreased waiting times. It also eliminates security issues and worries about theft due to cash not being held on-site.
Reviving Thailand’s Vibrant Festival Scene
Thailand’s music festival scene is being revived. Mystic Valley will occur at the Mountain Creek Golf Resort in Khao Yai, 3 hours outside Bangkok. There will be 8 stages covering various music genres, from EDM, trance, techno, house, drum and bass, trap, and disco.
“Explore the night with over 10 stages of the most diverse music genres to suit your tastes and push your boundaries.”
“Chill by day at our large tropical pool music areas while keeping cool with friends.”
“Food markets with tasty creations from Thailand’s leading brands to get you dancing all night until the sun comes up.”
Head to the Mystic Valley Facebook page to learn more about the event.
Tickets are also available at TicketMelon.
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