Creators of Bitcart, an Irish-based discount gift card platform, have today announced the launch of a landmark product called Festy, a QR code and NFC integrated wristband that allows festival and bar goers to pay for food and drinks using Dash, all without a wallet, a cell phone, or credit card.
Festy is linked directly to a consumer’s Dash account, so funds are not stored on the Festy platform and transactions for goods occur within seconds, while the merchants have the ability to cash out their Dash for the equivalent fiat currency. Dash is the world’s leading digital currency for payments and currently the 6th most valued cryptocurrency at over $1.3 billion USD. Dash’s InstantSend technology allows the digital currency to make instant payments.
In the next update, Dash will be able to process half a million transactions with extremely low fees, roughly ten cents per transaction. With no card numbers or private keys displayed while making purchases, Festy ensures maximum privacy, and users can top-up their wristbands at branded ATMs, or make simple transfers online.
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This kind of a product makes the transactions at festivals and other open air events much safer and easier for both parties.
This is once more proof of the huge push Dash is making towards being THE cryptocoin for the masses.
