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Bermuda to launch first onchain merchant for event tickets on Stellar in Q2 2027

Market News
29 Oct 2026, 13:04 WIB
Crypto Briefing
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Bullish
Bermuda to launch first onchain merchant for event tickets on Stellar in Q2 2027

Bermuda plans to launch its first onchain merchant, Premier Tickets (PTIX), on the Stellar blockchain in the second quarter of 2027. This move is part of Bermuda's broader goal to become the world's first fully onchain national economy, aiming to reduce high card processing fees for local merchants. The initiative uses WalletConnect Pay on Stellar, which was selected as Bermuda's payment settlement rail earlier in 2026. The success of PTIX could pave the way for more merchants and government services to adopt onchain payments, signaling a significant shift in how the island's economy operates digitally.

Stellar (XLM) trades at Rp3.058 on Pluang as of Oct 29, 2026, 17:22 WIB, down 2.30% in one day. Its market cap stands at Rp107,56 trillion with a 24-hour volume of Rp2,28 trillion. On Pluang, selling activity leads at 64%, while typical holding time is 84 days, showing steady investor engagement amid Bermuda's new onchain merchant plans.

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