Bitcart, an Ireland-based discount gift card platform, is set to unveil a new wearable multi-functional offline wallet – Festy – that allows festival and bar goers to pay for food and drinks using Dash.

The new wristband Festy features a QR code and NFC technology, and allows users to pay at POS terminals where Visa contactless is accepted as well as on phones with NFC tags.

Festy is connected directly to a consumer’s Dash account, which provides safe and quicker transactions, as funds are not stored on the Festy platform and transactions are executed quickly.

Merchants can cash out their Dash for the equivalent fiat currency.

BitCart CEO Graham de Barra said that Festy’s versatility is adaptable to any environment including fields, beaches, camping sites as well as bars, restaurants and conferences.

“Festy is an affordable, scalable, and secure payment solution, particularly for millennials and Gen Z who don’t want to carry or worry about their wallet, handbag, cash or backpack at every moment during their social calendar.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Festy prototype will be unveiled on 14 July 2017 at the high tech Opera incubator in Cork, Ireland.