Thanks to Ticket Squeeze, New York Broadway, the world’s most notorious collection of theaters, will allow users to pay cryptocurrency to see their favorite performances.
New York, New York–(Newsfile Corp. – November 24, 2021) – Ticket Squeeze, an online ticketing marketplace where fans can buy tickets to their favorite shows, has recently added cryptocurrency gift cards to its platform. The cryptocurrency and NFT space has seen unprecedented growth in the last year, and the online events marketplace must seize this opportunity by driving user growth through the roof.
Ticket Squeeze is one of the most popular resale marketplaces for entertainment tickets, particularly in the United States and Canada, and covers major events ranging from concerts to sporting events. TicketSqueeze is well-known for its transparency in ticket pricing, and it offers customers easy access to over 10,000 live events. Ticket squeeze is taking it a step further by bringing cryptocurrency to Broadway in New York and across the USA.
New York Broadway, the world’s oldest and most famous location for the arts, has been the birthplace of many musical icons, including Hamilton. Broadway will be leading the way again by now accepting cryptocurrency payments through Ticket Squeeze. Ticket Squeeze intends to drive cryptocurrency mainstream adoption by giving theater-goers the opportunity to buy tickets to everyone’s favourite world famous musicals using cryptocurrency, a first for Broadway.
Ticket Squeeze would use a gift cards model, allowing users to buy gift cards with cryptocurrencies, which they could then exchange for tickets to their favorite shows. Ticket squeeze is also aware of the issues surrounding cryptocurrency regulation, and they intend to make their cryptocurrency gift cards model as compliant with cryptocurrency payment policies as possible.
When asked about the new payment method integrated by his company, Ticket Squeeze COO Matthew Smith stated that the company’s goal is to bridge the gap between the DeFi sector and the general public by facilitating newcomers’ entry into the crypto space whilst navigating changing regulations through the use of gift cards. “We are passionate about the mass adoption of cryptocurrency and hope to promote the growth of digital currencies as a payment method by being the first to open up the events industry to cryptocurrency.” As some of the most popular currencies in circulation, Ticket Squeeze intends to accept Bitcoin, Ethereum, Litecoin, and Dogecoin payments.
The gift card model is the first step in a larger cryptocurrency plan. Ticket Squeeze intends to fully transition to direct cryptocurrency payments at checkout for online tickets in the future.
Ticket Squeeze is confident that by offering a unique opportunity for entry into the crypto space via gift cards, it will be able to onboard an untapped population of “non-tech people” and secure easy access into the crypto marketplace, which had been a significant impediment to the growth of the DeFi sector thus far.
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