Enhancing Entertainment & Events with Crypto Payments
Discover how the entertainment and events industry is using cryptocurrency for seamless ticketing, merchandise sales, and fan engagement.
Industry Overview
The entertainment and events industry includes concerts, festivals, and ticketing platforms, where fast and flexible payment options enhance customer experience.
Challenges in the Industry
- High ticketing fees from traditional payment processors.
- Fraud risks in ticket sales and resales.
- Demand for innovative payment options to attract younger audiences.
- Managing payments across multiple event vendors.
How Big White Pay Helps
Big White Pay’s payment links and QR codes allow event organizers to accept crypto for tickets online or at venues via Android terminals. The white-label service lets ticketing platforms brand the payment system, with centralized transaction tracking for multiple events. AML/KYB and MiCA compliance reduce fraud and ensure regulatory adherence.
Key Benefits
- 20-30% reduction in ticketing fees.
- Attracts tech-savvy audiences with crypto options.
- Enhanced fraud protection and compliance.
- Streamlined payment management for large events.
Use Case Example
Real-World Application
A music festival uses Big White Pay’s white-label platform for ticket sales. Fans scan QR codes at the gate to pay $150 in USDC. The platform verifies transactions, prevents fraud, and provides organizers with a real-time transaction dashboard, cutting fees by 25%.