PundiX has implemented blockchain technology for easy payments at the Ultra Music Festival in Taiwan. CEO Zac Cheah of PundiX told that they served thousands of festival goers with their easy blockchain payment system. A payment using the PundiX system, only took a few seconds. Consumers needed to hand over their XPASS cards and a quick scan would confirm enough credit available and would immediately process the payment.
Ultra Music Festival is a major EDM festival with 30 thousands visitors. PundiX Labs provided 50 merchants on site with their XPOS system. This made the event one of the largest tests of blockchain payment technology in a real world environment. At the festival, consumers could charge their cards with Ultra Coins. This crypto currency was made only for the festival and serves no uses outside the festival grounds. By using the XPASS card, users would also earn 1000 NPXS. This card might very well be their introduction into crypto currencies and blockchain technology.
Two days of #ULTRA Taiwan is a wrap! We’ve managed to serve thousands of festival goers under difficult weather conditions. Transaction speed is the key. #PundiX #NPXS #NPXSXEM #blockchain pic.twitter.com/WXaSINGlj4
— Zac (@zibin) September 10, 2018
NPXS can be used for all kinds of transactions. On their website PundiX mentions payment options, online food orders, or cryptocurrency sales. At the festival the company uses their special hardware, called XPOS. These Points of Sale (POS) would read the cards and would check whether the user has enough crypto currency available. The system supports coins like BTC, ETH, NPXS, XEM, XLM, BNB, ZEC, QTUM and WAN. Obviously you would always pay in a local currency, and the amount of crypto for each transaction is dependent on the current market. But it works, and it’s a great way to see blockchain technology in action!
PundiX is aimed at consumer payments, and this test couldn’t be a better example. Music festivals and blockchain technology go well together. The Amsterdam based GUTS ticketing system uses their in-house Guaranteed Entrance Protocol (GET). Which is basically an entrance ticket on the blockchain, making sure there are no illegal copies in circulation. There ought to be more projects that offer real life practices, because that would be blockchain tech so much more accepted by a broader audience.