BPM is a ticketing platform on Ripple that aims to work with primary ticket outlets to provide venues and promoters with a low cost and secure transactions for electronic ticket sales. It enables primary ticket outlets to manage their event tickets via the BPM dashboard by issuing tickets as Semi-Fungible Tokens (SFTs) direct to the BPM Marketplace or the purchaser’s verified BPM Wallet.
$BPM is used for the transfer of value within the BPM ecosystem. Ticket issuance fees are paid in $BPM. Secondary ticket sales are managed within the BPM Wallet, with payments being transferred simultaneously between buyer and seller in $BPM equivalent to the maximum of the face value of the ticket. $BPM can be used for the purchase of tickets from other users and can instantly be converted to local currency and withdrawn.
