Event Ticketing Firm Big Tickets Now Accepts Bitcoin Cashbr>
Event ticketing company Big Tickets is now accepting Bitcoin Cash payments via bockchain payments firm BitPay.
Big Tickets, formerly Xorbia Tickets, is an online ticketing solution for events of all sizes. It was established in 2003 to help event organizers more easily sell tickets, provide a better event registration experience, and bring actionable event data to organizers so they could plan more successful events.
The event ticketing platform has expanded its payment options with acceptance of cryptocurrency. The platform recently integrated Bitpay to allow customer to use Bitcoin Cash for online transactions. The company said they decided to accept BCH because they believe the cryptocurrency is “the world’s only digital, low-cost, fast, secure transaction-based currency.”
“We know our dedication to innovation is deserving of a secure and seamless purchase method for our event attendees,” said Big Tickets CTO Jason Henley. “The use of Bitcoin Cash is a major social trend we’ve been following and we’re excited to be one of the first event ticketing platforms in the United States to accept the burgeoning cryptocurrency.”
Bitcoin Cash is an upgraded version of the Bitcoin Core software. The main upgrade offered by BCH is an increase of the blocksize limit to 8mb. This effectively allows miners on the BCH chain to process more payments per second. This makes for faster, cheaper transactions and a much smoother user experience.
“The average transaction costs on BCH are consistently $0.002 compared with 2-3 percent of Visa, and they come without the worry of fraud and chargebacks,” Big Tickets said. “Pioneering merchants are excited to accept Bitcoin Cash as a payment method due to these advantages.”