A streaming service called Feedbands has begun compensating its customers (artists and listeners alike), with Bitcoin. The service, whose major attention is given to artistes independent of major labels, has a “pay-per-stream feature” that lets users earn Bitcoin for streams. Apart from streaming income, users may also earn Bitcoin when they share music from Feedbands.
Specifically, independent artists may earn Bitcoin when users stream their music and also when their fans sign up for their content. On the other hand, for listeners, Bitcoin is earned when they stream music and also when they share music from the Feedbands platform.
The firm is interested in improving their operations such that running expenditure is significantly reduced and transactions are much faster. Consequently, a beta test for the Lightning Network (LN) is now underway.
The firm is primarily a streaming service in the music industry but also prides itself in its climate change endeavors. Currently, the firm has a collaboration with “Trees for the Future” which involves planting one tree for every hundred qualified streams. It is also said that the firm seeks to demonstrate that Bitcoin could be used in a way that is advantageous to the environment regardless of it's very heavy power-intensive Proof of Work (PoW) process.
The Feedbands Twitter account says:
“Our new platform plants 1 “tree” for every 100 qualifies streams. We’ve planted over 2000 trees since rolling it out last week! Let’s keep the music streaming and the trees growing. We got this.”
Graham Langdon, the CEO of Feedbands, has stated that the first choice of payment for artists and listeners was Dash and not Bitcoin. This is because its transactions are immediate and also because it is currently the third most gainful cryptocurrency of all time.
In precisely five days, the September fiat settled bitcoin futures contract at CME expires.Yes, another month is nearly over, so… Read More
The “Big Four” auditing firm, Deloitte’s Luxembourg unit is working on letting its employees pay for lunch using cryptocurrency, especially… Read More
Patrick Byrne , the former chief executive of Overstock.com who sent shockwaves through the blockchain community not too long ago… Read More
Bit Farms, a cryptocurrency mining company stationed in Canada , has bought more than 2,000 new A10 Avalon mining machines… Read More
In addition to economic data, the stock market anticipates comments from dovish St. Louis Fed President James Bullard this week.… Read More
Digital assurance: The "Killer app of Blockchain" according to VeChain According to Sunny Lu, the co-founder, and CEO of VeChain,… Read More