Concert goers will be able to buy tickets and other merchandise through a new cryptocurrency devoted to the music industry.
Kashcoin, which launched this week, is the brainchild of Leor Dimant, aka DJ Lethal, a former member of rock groups Limp Bizkit and House of Pain, and partner Justin Lally.
Kashcoin can be used to buy records, tickets, clothing and merchandise, and users will be eligible for exclusive deals and VIP perks.
“The focus is on merchant adoption,” said Lally. “Rather than just asking merchants to use Kashcoin, we are working to provide them with the tools to make this happen.
“If we do most of the hard work, merchants will be able to easily integrate Kashcoins into their existing payment solutions. We are asking merchants to tell us what they need and then respond to that with our development.”
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