Paywong will be powering crypto payments for IT’S THE SHIP, Asia’s Largest Festival at Sea. The bucket list festival will be happening on board a luxury cruise liner departing from Singapore from 8-10 March 2023.
This collaboration is in line with ITS’ trend in bridging the gap between live entertainment and Web3 technology. Festival attendees aka Shipmates can now purchase their festival cabins using a multitude of cryptocurrencies through ITS’ website.
Shipmates will experience a seamless and simple checking out experience when they use crypto to purchase the cabins online.
At IT’S THE SHIP, we’ve spent a great deal of time and effort in curating a seamless cabin purchasing experience for our shipmates. So when we decided to venture into the web3 space and introduce the option to pay for cabins with cryptocurrency, Paywong was incredibly flexible in customising and integrating to meet our every need,”Its The Ship Chief Revenue Officer Ben Kee
Paywong’s non-custodial payment gateway will ensure real-time payment which is more convenient and secure, and Shipmates can be confident that their transactions are safe and private. The collaboration between Paywong and IT’S THE SHIP is pioneering a new standard in crypto payments where normally settlements can take up to 72 hours as most payment gateways are custodial (i.e. the gateway takes custody of the funds first before disbursing to the merchants).
Adoption of Paywong’s non-custodial payment gateway and acceptance of crypto as payment by a notable brand such as It’s The Ship sets a precedent for other large events and festivals to continue the trend. IT’S THE SHIP will be accepting the following cryptocurrencies as payments:
Shipmates who are interested to purchase their cabins using crypto just need to follow the simple steps below:
Step 1: Head to itstheship.com and select your choice of cabin.
Step 2: Fill in your billing details and select checkout with CRYPTO (powered by Paywong).
Step 3: Connect your crypto wallet, select your network & the payment currency that you want to pay with.
Step 4: Approve your transaction, click pay and done! You have successfully purchased the ship tickets.
Festival attendees can start purchasing their cabins using cryptocurrencies on It’s The Ship’s official website from 23 October 2022 onwards.