Crypto & Payments — Why Crypto for Tickets?
ParlayTix uses USDC stablecoin payments on the Base network for instant settlement, full transparency, and low fees. USDC is always worth exactly $1.
Benefits
- Instant Settlement — sellers receive funds immediately
- Full Transparency — blockchain-verified transactions
- Low Fees — fractions of a penny on Base network
- Secure Ownership — cryptographic proof of ticket ownership
What is USDC?
USDC is a stablecoin pegged 1:1 to the US Dollar, backed by cash and US Treasury bonds, audited monthly by Grant Thornton LLP, with over $25 billion in circulation.
Why Base Network?
Base is an Ethereum Layer 2 built by Coinbase. Transactions cost less than $0.01, confirm in seconds, and integrate natively with Coinbase Smart Wallet.
Why Crypto for Tickets?
ParlayTix uses USDC stablecoin payments on the Base network to provide instant settlement, full transparency, and low fees. No volatile cryptocurrencies - USDC is always worth exactly $1.
Benefits
Instant Settlement
Sellers receive funds immediately - no waiting for bank transfers or clearing periods.
Full Transparency
Every transaction is recorded on the blockchain. Verify any payment instantly.
Low Fees
Base network transactions cost fractions of a penny. No credit card processing fees.
Secure Ownership
Tickets are blockchain-secured providing cryptographic proof of ownership.
What is USDC?
USDC (USD Coin) is a stablecoin - a cryptocurrency that's always worth exactly $1 USD. Unlike Bitcoin or Ethereum, USDC doesn't fluctuate in value. It's backed 1:1 by US dollar reserves held by Circle, a regulated financial institution.
- $100 USDC = $100 USD, always
- Fully backed by cash and short-term US Treasury bonds
- Monthly audits by Grant Thornton LLP
- Over $25 billion in circulation
Why Base Network?
Base is an Ethereum Layer 2 network built by Coinbase. It offers the security of Ethereum with dramatically lower costs and faster transactions.
- Transactions cost less than $0.01 (vs $5-50 on Ethereum mainnet)
- Confirmations in seconds, not minutes
- Backed by Coinbase - the largest US crypto exchange
- Native integration with Coinbase Smart Wallet