Singer To Accept Cryptocurrencies As Payment For Her Newest Album

In News
Accept Cryptocurrencies

Bitcoin has indeed reached greater heights as a singer decides to accept cryptocurrency as payment for her newest album.

Björk Guðmundsdóttir is an Icelandic singer, songwriter, actress, record producer, and DJ. She initially became known as the lead singer of the alternative rock band The Sugarcubes, whose 1987 single “Birthday” was a hit on US and UK indie stations and a favorite among music critics.

This singer from Iceland is making a history as she decided to accept cryptocurrencies as payment for her newest album.

Icelandic singer Bjork is to let fans pay with cryptocurrencies when they purchase her forthcoming album dubbed “Utopia.”

With British blockchain startup Blockpool partnering on the technical side, Bjork will accept pre-orders for the album in four digital currencies – bitcoin, audiocoin, litecoin and dashcoin – as well as via the usual credit/debit cards and PayPal options, Musically reports. The musician said in a Tweet that Utopia, her ninth album, will be released on Nov. 24.

Fans who pre-order the album directly from the artist or her label One Little Indian will further receive a reward of 100 audiocoins – a cryptocurrency designed specifically for music industry – which can then be converted into other cryptocurrencies or into fiat money, the report adds.

Kevin Bacon, CEO of Blockpool, told the industry news source:

“People have done things with crypto and artists before, but this is the first time a global artist has done anything like this. While it will be interesting to see how the crypto community responds to this, Utopia is also a gateway for people to go into crypto for the first time.”

Bacon added that Blockpool, which is building a cryptocurrency payments plugin for the label’s online store, would help in providing information for people who “don’t know anything about crypto.”

Aside from the addition of cryptocurrency payments for music releases, various players now looking to blockchain technology to transform the way the music industry rewards artists and writers. Further, Slovenian concert-booking platform Viberate is aiming to disrupt the industry with blockchain, and boasts bitcoin entrepreneur Charlie Shrem as an advisor.

via Coindesk


You may also read!

Communications Act

USTelecom Asks FCC A Section Of The Communications Act Removed

What else would edge providers like to do with the battered net neutrality regulations after killing it? Trade association USTelecom

Read More...
App Developers

Facebook Becomes Stricter With App Developers Regarding Data Security

How serious will it be? Facebook has always been in the headlines because of the numerous issues of data

Read More...
Domain Sale

Can’t Get the Domain Name You Want?

Earlier we posted something on LinkedIn that really got a lot of people worked up, and all sides of

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu