“It's noticeable that no ticketing company is among the first batch of companies using Libra”

Kasper Keunen

Kasper Keunen, GUTS Tickets

Ahead of the impending launch of the Facebook-backed cryptocurrency, GUTS Tickets’ Kasper Keunen explains what it could mean for crypto-ticketing incumbents

On Tuesday, Facebook revealed the inaugural members of the Libra Association, the non-profit organisation tasked with governing its new cryptocurrency, Libra.

With the exception of streaming service Spotify, which said it plans to use the digital currency to facilitate payments in emerging markets, music-industry support for Libra was largely absent – a surprise given the numerous music businesses, particularly in ticketing, active in the crypto/blockchain space.

Here, blockchain expert Kasper Keunen, a developer with the Netherlands’ GUTS Tickets, weighs…

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