Crypto: New Satlantis Release Bitcoin-native Ticketing Platform With...

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 (BTC) wallet for each event to facilitate direct payments and withdrawals.

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.

According to Satlantis’s crowdfunding page, 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.

According to data cited recently by River marketing director Sam Wouters, the network’s transaction volume reached an estimated $1.1 billion across 5.2 million transactions in November.

Related: How many people actually pay with Bitcoin? Real use cases revealed

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.

Source: CoinTelegraph