This year, one of the oldest and biggest electronic music festivals in Lithuania, Supynes, has decided to allow ticket purchases with cryptocurrency and has created a panel talk on the subject for those who are interested in blockchain technology. Fans can now purchase tickets with Bitcoin and a number of other cryptocurrencies.
‘Cryptocurrencies were created by the people, for the people. In this sense, electronic music has a lot in common with the essence of cryptocurrencies ... This might be a long shot, but we believe that innovation and novelty are inherent for our festival-goers. This is the primary reason for us to become a medium to spread these ideas,’ say the organizers of Supynes.
Supynes partnered with CoinGate, which is a Lithuania-based cryptocurrency payment processor.
‘Being able to purchase tickets with Bitcoin, the general public will get a grip on how cryptocurrencies work in practice. We want to dispel the myths about crypto-related risks and show that it is a technology that has purpose in everyday life.’
The CTO of CoinGate, Rytis Bieliauskas, will be speaking on the panel as well. The CEO of CoinGate, Dmitrijus Borisenka, explains this further:
‘Education is an essential element of our business because this is how we can make a difference in the adoption of cryptocurrencies and blockchain. Music festivals are great for spreading the message because here we can find a lot of young, open-minded people in a relaxed, informal atmosphere. Most importantly, these are exactly the people who can relate to the ideas we want to share and understand the essence of this innovative technology.’