“As cryptocurrencies become more popular, it’s important that my fans have choices when it comes to how they buy my songs and merchandise,” said G-Eazy.
On Tuesday (Dec. 5), Monero announced its new online shopping initiative called Project Coral Reef that allows music fans to purchase holiday gifts and merchandise from over 35 artists, including Mariah Carey, G-Eazy, Kaskade, Motorhead, Toby Keith, Fall Out Boy and more at discounted prices.
“Cryptocurrencies are fast becoming more popular to make purchases, but not all currencies are created equal and not all are as private and secure as people think. Project Coral Reef is a very important step towards the mainstream adoption of Monero,” said Riccardo “fluffypony” Spagni, lead maintainer of Monero, in a statement. “For the first time, consumers around the world can use Monero to securely and privately buy their favorite artists’ music and merchandise.”
Premier Studios (PS) is a forward-looking, well-established music recording, sound editing and voice over studio owned by Sandy Schneiderman. In addition to recording services, PS offers in-house seminars for anyone who wants to learn the business of music recording and sound editing.
PS enjoys top-notch company such as 50 Cent, Nas, Snoop Dogg, and other musicians, who have also championed Bitcoin for the music industry.
Well-known Bitcoiner Tatiana Moroz recorded at the studio and helped introduce them to Bitcoin and BitPay, the company PS uses in order to process Bitcoin payments.
PS accepts the crypto-currency Bitcoin for payment of services in addition to credit cards and cash.
Schneiderman (PS) does not care how the services at PS are paid. If payment is by Bitcoin, PS directs the client to contact BitPay, which converts Bitcoin into US dollars for the company. To date, nobody has paid with Bitcoin at the studio. Schneiderman doesn’t know if anyone ever will.
“I hope they do use it as an alternative payment for services,” Schneiderman said.