Festy, a NFC cryptocurrency wristband, made cryptocurrency payments possible for festival goers at Ireland’s largest music festival Electric Picnic last weekend.
Festy introduces “Contactless Crypto” the world’s first NFC tag that makes cryptocurrency payments possible with a simple tap. This brings crypto closer to the masses and makes it even easier to pay. The first application of this technology is a wristband for festivals and private events. Electric Picnic was held in Ireland at the weekend and 50 festival goers wore the wristband and could pay using Festy.
“By doing the proof of concept at such a large and well-known festival, it has put us months ahead in R&D” says founder, Graham de Barra.
Users can top-up their Festy wristbands and withdraw using Dash and other cryptocurrencies. Festy will be tested at a number of upcoming events. The Irish startup is one to look out for, having won Silicon Republic’s Startup of the Week last month.
“The most exciting part is being able to switch an entire festival of say 60,000 people, from fiat to crypto with one contract. This type of adoption will drive cryptocurrencies through the roof.”
If you would like to be among the first to try out Festy at your event, please contact graham@festy.ie