music bitcoin monero

Over the course of the past year or so, cryptocurrency has become quite a fad amongst investors and those looking to get into a budding market. Bitcoin is at the front line of this fight, and continues to wow the world with prices reaching new highs and so on.

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Recently, Monero, another cryptocurrency similar to bitcoin, stated that over 45 musicians plus five online stores will be accepting it during this holiday period as a way to pay for music. The list of artists taking this as a from of currency includes Weezer, G-easy, to Dolly Parton and more. According to the list of musicians taking the currency, other big names include, “Backstreet Boys, Dixie Chicks, Kaskade, Lana Del Rey, Lumineers, Marilyn Manson, Motley Crue and Sia.”

With Monero being the ninth largest cryptocurrency, it currently has a market capitalization of around $3.5 billion, with a price at the time this article was written at just above $226. “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 rap star G-Eazy in a statement. “Given Monero is one of the safest, most secure and most private cryptocurrencies, it’s one of the best options for my fans this holiday season — and just in time for my new album.”

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The project is known as Project Coral Reef, which aims to help cryptocurrency become more accepted in the mainstream world. If it is able to become more accepted, the possibilities associated with using the currency will increase by a large amount. The hopes are high that this new cryptocurrency, music industry partnership, will help to boost the sales of all the artists mentioned prior, as well as increase the utility of cryptocurrency.


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