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Bitcart launches cryptocurrency payments-enabled wristband ‘Festy’

Bitcart, an Irish-based discount gift card platform, announced that it has launched a product ‘Festy’, which is a QR code and NFC integrated wristband that allows festival-goers make contactless payments in Dash.

According to the report by Cryptoninjas, Festy provides festival and bar-goers, an opportunity to pay for food and drinks using cryptocurrency Dash, without a wallet, a cell phone, or credit card. It is linked directly to the users Dash account that assures safe and quicker transactions. Merchants can then have the ability to cash out their Dash for the equivalent fiat currency.

“Our partnership with Dash makes the perfect payment solution for everyday transactions,” Graham de Barra, CEO of Bitcart, said. “Festy’s multi-functional wristband is compatible with every Point-of-Sale system where Visa contactless is accepted, as well as on any mobile phone or computer with NFC tags and offline payments using QR codes. This versatility is adaptable to any environment including fields, beaches, camping sites as well as bars, restaurants and conferences. Festy is an affordable, scalable, and secure payment solution, particularly for millennials and Gen Z who don’t want to carry or worry about their wallet, handbag, cash or backpack at every moment during their social calendar.”

Festivals and events see a great amount of loss and theft, lacking a secure place to keep your wallet, further proving that cash is an insufficient means of transaction. Festy curbs these issues and ensures that money stays safe and helps create steady cash flows between the merchant and the consumer.

“Festy is truly a great idea; it’s a very simple way of normalizing digital currency, particularly for millennials,” Daniel Diaz, VP of Business Development for Dash, said. “Merchants are going to love it too. Incredibly low fees, lower than a debit and credit cards, and by the time they scan the wearable chip, the money transfer has been executed and settled, with no risk of a double charge or fraud. There’s a growing amount of real world use cases for Dash as an attractive payment option, and it’s an exciting time ahead.”

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