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.

supynes1

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.’

Recommended Articles

Excision

"Headbanger's Paradise": Excision Announces New Oceanfront Music Festival in Cancún

The inaugural Paradise Blue festival will feature performances by Zomboy, Virtual Riot, 12th Planet, and three sets from Excision himself.

140420-peters-2

"Rave Horse" Steals the Show at Tokyo Olympics With EDM Dressage Routine

Mopsie the "rave horse" is growing a colt following.

Screen Shot 2021-07-20 at 10.28.22 AM

Sovereign Records Drops Dancefloor-Ready "Sovereign Collection Vol.1"

Sovereign Records' latest offering is an inclusive 10-track compilation album.

coingate_social_media_posts-15

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.’

supynes2

Supynes festival will take place in Moletai, Lithuania on July 26-29. You can purchase tickets here, and find out more information on the lineup here.

Related

coingate_social_media_posts-15

Check Out The First Cruise Festival To Accept Cryptocurrency

Set sail with The Ark Cruise and use a new method of payment, cryptocurrency.

40187747_706238219713389_7283158283584536576_o

Natural Land Festival Canceled [Breaking]

After cancelling 7 major acts less than a week before the festival was slated to begin, Natural Lands has now been fully axed.

3lau

3LAU to Perform DJ Set in Miami During World's Largest Cryptocurrency Conference

3LAU will perform a DJ set to coincide with Bitcoin 2021, which organizers are calling "the largest Bitcoin event in history."

254a1e0a-2016-0529-tampa-raymondjamesstadium-sunsetmusicfestival-alexperez-processed-144-1500x1000

Sunset Music Festival Day 2 Canceled Due to Weather

Subtropical Storm Alberto forced the decision.

am southampton champagne!

Rage in the Hamptons with AM Southampton Nightclub

The Summer 2018 line-up includes Dimitri Vegas and Like Mike, Nervo, Thomas Jack, 3LAU, and more!

moonrise

Moonrise Set Times Are Here!

It's almost time for Moonrise, Baltimore's biggest electronic festival!

close-up-photography-of-macbook-pro-1493086

Beatport Partners with Twitch to Present "ReConnect" Livestream

The livestream event will feature DJ sets from Carl Cox, Nina Kraviz, GRiZ, and more.

Summer Camp Music Festival

GRiZ, REZZ, More to Perform at Summer Camp Music Festival's 20th Anniversary Celebration

The festival will also features performances by STS9, Tipper, Emancipator, CloZee, LSDream, and many more.