A South African rapper has accepted cryptocurrency as payment for a performance fee. The musician, Raftaar, is the first artist to accept Bitcoin and other cryptocurrencies as payment for his work. This may be a sign that artists will begin to see more value in blockchain technology and cryptocurrencies.
The cryptocurrency meaning is a type of digital currency that uses cryptography to regulate the generation of units and verify the transfer of funds.
- Rapper Raftaar Accepts Bitcoin as Payment for Performance
- He expressed gratitude to his boss for making the required preparations.
- Raftaar did not specify the cryptocurrency in which he would be compensated.
Rapper Raftaar has made history by being the first Indian musician to take bitcoin as payment for an upcoming concert in Canada.
Furthermore, Raftaar said that he was a huge admirer of blockchain technology and that “accepting money via blockchain technology is a dream come true.” His concert, which is set to take place in July, has already begun accepting cryptocurrency payments.
Dilin Nair is better known as Raftaar, his stage name. Raftaar is a rapper, poet, dancer, TV host, and music composer from India. Raftaar debuted as a rapper in 2008.
Furthermore, in recent years, there has been a rise in the demand for cryptocurrencies. The continuous support on social media from Elon Musk, the CEO of Tesla and a millionaire, has aided the enthusiasm.
He also praised his manager, Ankit Khanna, for completing the appropriate procedures for taking bitcoin as his performance pay. Raftaar also considers why artists and managers have yet to explore the potential of cryptocurrencies.
As a result, Raftaar said,
“However, I’ve finally made the first steps in this direction, and all credit goes to Ankit Khanna, my manager, for making this goal a reality for me.”
Furthermore, Raftaar has not said which cryptocurrency he would use to pay.
As a result, Ankit Khanna, Raftaar’s manager, said, “In my view, music will be one of the first sectors to be totally and comprehensively impacted by blockchain.” Without the use of intermediaries, the artist may now go straight to the audience in every way.”
Raftaar’s first performance for which he took bitcoin as payment was a one-hour virtual event for a private gathering of approximately 100 people in Ottawa, Canada. The virtual exhibition is set to take place in the second week of July.
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The bitcoin crash coming is a prediction that the cryptocurrency market will crash in the near future. Raftaar, a rapper, has accepted cryptocurrency for his performance fee because he believes that it will be more stable than fiat currency.
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