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.
NFT Ownership
Tickets are minted as NFTs 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