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Bitcoin conference won’t let you buy a ticket using Bitcoin

The North American Bitcoin Conference should be the kind of place you can put away your credit card and use a digital currency to get in, right?

Well, organisers of the Miami conference have just announced that despite their two-day event being focused on cryptocurrencies, they are not accepting Bitcoin payments for tickets.

Diagram showing how bitcoin works. You set up a bitcoin wallet by downloading software, then a bitcoin address is generated, tying you to a network allowing you to transfer bitcoins between people or buying them with other currencies. Transactions are recorded in the blockchain.

How to use Bitcoins. See story CITY Bitcoin. Editable versions of this graphic are available via PA Graphics or your account manager. Infographic from PA Graphics

“Due to network congestion and manual processing, we have closed ticket payments using cryptocurrencies,” they said on their website.

“Hopefully, next year there will be more unity in the community about scaling and global adoption becomes reality.”

Bitcoin is the most popular cryptocurrency, which is a digital payment system using a decentralised technology, or blockchain, allowing people to make online payments to each other with no need for a central bank.

The conference organisers said that because data from payments with cryptocurrencies have to be manually entered into their ticketing platform, they have to suspend this method two weeks before their event.

“We decided to shut down Bitcoin payments for last-minute sales due to print deadlines,” they said.

The conference is on January 18th and 19th, so if you were hoping to bag a last-minute ticket worth $1,000 (£740) using some cryptocurrency you have got lying around, you will have to spend your 0.075 bitcoin elsewhere.

About Toluwalope Daniel

Toluwalope Daniel an Associate in lekkies Media lnc. A Blogger, Music Lover, a disc jockey and a fashion lover.

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