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The events platform embeds Bitcoin Lightning wallets into each event, allowing organizers to issue tickets and accept BTC alongside fiat payments.Satlantis has launched as a Bitcoin-native events and ticketing platform that embeds Lightning wallets directly into user accounts and events, allowing organizers to issue tickets and receive payments in Bitcoin without relying solely on traditional payment processors.
According to an announcement shared with Cointelegraph, the platform functions similarly to services like Luma and Eventbrite, offering ticket tiers, attendee management and event pages, but automatically generates a unique Bitcoin (Satlantis also integrates with Stripe to process fiat payments and said it plans to add stablecoin support, allowing organizers to accept Bitcoin, traditional currency or both through a single dashboard., investors in the startup include Bitcoin Opportunity Fund and Timechain Capital, a venture capital fund dedicated to Bitcoin infrastructure projects.The company said its model is a way to reduce ticketing fees and expand access in regions where traditional payment rails are limited, using Bitcoin’s Lightning Network to enable low-cost, cross-border transactions. The Lightning Network is a layer-2 protocol built on Bitcoin that enables faster, lower-cost transactions by processing payments off-chain.Efforts to integrate cryptocurrency into ticketing predate many current Web3 platforms, with sports teams and travel companies experimenting with digital-asset payments for more than a decade. In sports, the Sacramento Kings became the first NBA team to accept Bitcoin for tickets and merchandise in 2014. TheBeyond payment acceptance, blockchain companies are also experimenting with how live events are financed and settled. TIX, the onchain settlement network behind KYD Labs, aims toMajor sporting bodies have also explored blockchain-based ticket-linked products. FIFA, the global governing body for soccer, has experimented with non-fungible token (granting holders a reserved window to purchase match tickets at face value if certain conditions are met. The tokens are not tickets themselves but can be traded on FIFA’s NFT marketplace.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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