Crypto got the VIP treatment at WEF2022. At Cointelegraph’s farewell party at Ex Bar in Davos, attendees could pay for food and drinks using cryptocurrency. (Reporting via forgeforth_)
Amid all the innovations surrounding crypto and blockchain, easy payments remain one of the most important use cases.
Early partygoers had the opportunity to win one of 20 cards loaded with up to 100 Davos Coins, which were equivalent to a 100 Swiss francs credit that could be spent at the event. The winners enjoyed a seamless checkout experience using a new hardware wallet with the look and feel of a regular credit card. Powered by German crypto custodian Trustody and Ammer Card, a self-hosted wallet created by Ammer Technologies AG, cardholders could simply tap and pay at Trustody terminals.
Polygon co-founder Mihailo Bjelic told Cointelegraph that Davos Coins and the associated payment systems were spun up by Ammer Technologies in just two weeks using Polygon technology. Bjelic described Davos Coins as a “pilot project,” demonstrating how quickly crypto payments can be integrated.