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Satlantis Launches Bitcoin-Native Ticketing Platform with Lightning Wallets

Cointelegraph
Satlantis launched a Bitcoin-native ticketing platform embedding Lightning wallets for direct BTC payments and lower fees.

Summary

Satlantis has introduced a new Bitcoin-native platform for events and ticketing that integrates Lightning wallets directly into user accounts and events. This allows organizers to issue tickets and receive payments in Bitcoin without complete reliance on traditional payment processors, functioning similarly to platforms like Luma and Eventbrite. The system automatically generates a unique Bitcoin wallet for each event to manage direct payments and withdrawals, although it also integrates with Stripe for fiat processing and plans to add stablecoin support. Satlantis utilizes the Lightning Network to enable low-cost, cross-border transactions, aiming to reduce ticketing fees and increase access in regions with limited traditional payment infrastructure. Investors in the startup include Bitcoin Opportunity Fund and Timechain Capital. The article also notes the broader trend of crypto integration in ticketing, citing historical examples like the Sacramento Kings accepting Bitcoin in 2014 and FIFA's experiments with NFTs linked to match tickets.

(Source:Cointelegraph)