OneRepublic first major artist paid in Bitcoin

 

By FintechNews staff

 

-The “Counting Stars” band OneRepublic performed last week just outside of Vienna and was paid entirely in bitcoin, the first American major artist to accept cryptocurrency..
-The Grammy-nominated band handled the cryptocurrency transactions using the Strike peer-to-peer bitcoin payment app.
-“My band and I are so happy to be a part of something that we believe is, without question, the future of how payments are transacted for unlimited amounts of assets, performances, services, purchases, music, etc. around the world,” frontman Ryan Tedder said in a statement.
-“Whether it’s artists using NFTs to fund albums with their fans or bands being paid for concerts in crypto, music and tech go hand in hand. With that in mind, it only made sense for us to take the next logical step,” Tedder said.
-Tedder has become an enthusiast for evolving technology and has his own non-fungible token (NFT) collection, titled Cartoon Collection Series One, from a collaboration with Swiss Graffitipop artist Bustart.
-Tedder told Variety in a previous interview that he started investing in cryptocurrency in early 2017 and is a firm believer that it will be the “future of everything.” He also shared his excitement about the prospect of more countries following El Salvador’s steps in adopting bitcoin as a legal tender, something that “is going to continue happening.”
-The musician added he looks forward to when people will be able to travel with global money like bitcoin without having to worry about national currencies and exchange rates.

 

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