MINGO Taps Hedera for 54-Country Ticketing Expansion

Key Highlights of MINGO's Global Expansion

MINGO has launched its digital ticketing platform, MINGO Tickets, powered by the Hedera network, announcing an expansion across 54 countries. This initiative aims to address persistent issues in the live event industry by providing verifiable and reliable event access for fans and greater control for organizers. The rollout begins in Africa through a key partnership with African Boxing and the Yucateco Boxing League.

Addressing Industry-Wide Challenges

The global live event ticketing market faces significant challenges, including widespread ticket fraud, unauthorized duplication, and excessive fees, which degrade the fan experience. As demand for live events continues to grow, organizers require secure and scalable systems. MINGO Tickets operates as a progressive web app, ensuring seamless access across all devices without needing a separate application download. This mobile-first approach is particularly suited for regions like Africa.

Impact on the Digital Asset and Events Market

By leveraging the Hedera network, MINGO Tickets benefits from high-speed transactions, enterprise-grade security, and predictable, low costs. This technological foundation allows the platform to support high-volume events efficiently while combating fraud through verifiable digital tickets. The partnership with African Boxing positions MINGO within one of the world's fastest-growing sports markets, creating a new digital infrastructure for ticketing, payments, and fan engagement on the continent.

Future Outlook

This 54-nation rollout represents the initial phase of MINGO's broader international strategy. The company plans to continue its expansion with a focus on improving event access, reducing operational friction for organizers, and delivering a secure and simple experience for fans globally. The platform's performance will be a key indicator of blockchain's utility in real-world, large-scale applications.

FAQ

Q: What is MINGO Tickets?
A: It is a progressive web app for digital ticketing built on the Hedera network, designed to prevent fraud and reduce costs for live events.

Q: Why was the Hedera network chosen?
A: Hedera was selected for its speed, security, sustainability, and predictable low fees, which are essential for supporting large-scale events.

Q: What does the 54-country expansion entail?
A: It is an exclusive ticketing deal primarily focused on Africa, launched in partnership with African Boxing and the Yucateco Boxing League.

Source: Investing.com