According to a press release, Ticketmaster partnered with Upgraded which is a blockchain-based live events company. Ticketmaster, on the other hand, is the world’s most popular and biggest live-entertainment business.
The reason for this partnership is to bring more transparency but also bigger and better control over the distribution of tickets.
Also very important, the company hopes that using blockchain technology will protect all the clients from fraud since the current system is based on printed or PDF-based tickets.
Upgraded will help Ticketmaster to digitize the traditional tickets by transforming them into interactive units that will have higher security level with encrypted barcodes. The founder of Upgraded expressed his excitement and satisfaction for the collaboration with Ticketmaster saying that this is the ‘’perfect time and platform’’ to promote what blockchain can do thousands of fans.
All of the new elements will be simply incorporated in the already built infrastructure of Ticketmaster but with a number of methods that will protect and improve the ticketing process for customers.
Since Ticketmaster has already faced a lawsuit of an alleged ‘’unfair business practice’’ by violating their own policies. Also, the ticketing company has again, allegedly, allowed fake accounts to go around the multiple ticket limits in order to conduct mass sales.
This partnership comes at the perfect time for Ticketmaster and for all customers that use this platform for the sake of their protection.
JPMorgan Execs Seem Bullish On Crypto Following JPM Coin’s Release
“Ultimately behind the scenes, they [crypto companies] are going to have to use a bank to move funds. There’s more partnership instead of competition in that space… When it comes to margins and capabilities, payments is never something that grows in margin, nobody wants to pay for a payment…so you need highly efficient and large players.”Karpovich also responded to a question regarding how far the eCommerce industry is from using crypto to facilitating payments. He explained that blockchain - the underlying technology of cryptocurrencies - will be used to facilitate payments behind the scenes. However, he also added that according to him, blockchain won't have a huge impact on consumers.
“I think ultimately you’ll find that the technology behind the scenes will be blockchain, I don’t know that you’ll notice anything as a consumer in that space. I think that you’ll still continue to use the payment type that you prefer, be that a wallet, a card, or a bank account,” he noted.When asked about his anti-crypto sentiment - which is somehow shared in the JPMorgan circles - Karpovich said that there is a difference between adopting blockchain and speculating on cryptocurrencies.
“There’s a difference between trading a cryptocurrency that’s in the market that’s ubiquitous, versus using the technology to enhance your payment infrastructure,” he concluded.
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Binance Enables Australian Users To Buy BTC At 1,300 Newsstands
‘’Binance Lite is a simple site for users to easily buy bitcoin with cash at physical store fronts. This model makes it really easy to bring new users into crypto, starting with Australia, where the government has taken proactive steps to support the blockchain industry. Users won’t have to open complicated online accounts to start using the service.’’The crypto market in Australia was a little behind than other markets in the world such as South Korea or Singapore because the banks didn’t support the crypto businesses in Australia. Back in 2017, during the strongest crypto rally, reports show that the larger Australian banks closed the accounts on multiple crypto investors. However, starting last year, the government of Australia began its proactive approach in regulating the crypto space and the blockchain industry so the investors are now hopeful that they could improve the market in the long run. Zhou also said that more than $5 billion in crypto was traded in crypto in 2018 in Australia and that since then the government is funding blockchain startups and companies by issuing bonds on the blockchain. The government has also started to accept crypto on airports such as the airport in Brisbane and even held a voting trial on the blockchain. He finished his interview by saying:
“Binance Lite also completes a comprehensive value chain for the Binance ecosystem in Australia. For example, users can show their friends how to buy bitcoin from Binance Lite stores, immediately load it up onto Trust Wallet on their phones, and go on to spend this bitcoin in shops accepting bitcoin payments through TravelbyBit, the payments startup Binance invested in last year.’’
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