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, according to multiple reports Monday (Nov. 22).
The Grammy-nominated band handled the cryptocurrency transactions using the Strike peer-to-peer bitcoin payment app.
See also: Australia’s Zip to Allow Merchants to Accept Bitcoin Payments, Adds Crypto Trading
“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.
Read more: Amazon To Accept Bitcoin Payments
OneRepublic’s Vienna show sold out in minutes and followed the band’s performance at the MTV Europe Music Awards in Budapest the weekend prior. Tedder also said that he will be paid in bitcoin for a private concert in December.
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 says the work is meant to depict a “celebration of the joy found as a child watching Saturday morning cartoons,” according to collection’s website.
Tedder is the winner of three Grammys, has sold over 420 million records worldwide and has also written several number one hits, including “Counting Stars” and “Apologize” with OneRepublic.
Bustart paints large-scale murals across Europe and his work features “cartoon characters and iconic imagery from the past and present” taken out of context.
You may also enjoy: This Week in Payments: Merchants Consider Crypto, Consumers Return to Stores and Fraudsters Target Shoppers
——————————
NEW PYMNTS DATA: THE 2021 HOLIDAY SHOPPING OUTLOOK
About: It’s almost go time for the holiday shopping season, and nearly 90% of U.S. consumers plan to make at least some of their purchases online — 13% more than did in 2020. The 2021 Holiday Shopping Outlook, PYMNTS surveyed more than 3,600 consumers to learn what is driving online sales this holiday season and the impact of product availability and personalized rewards on merchant preference.
The pandemic continues to shift the mindsets of merchants and consumers alike, resulting in a proliferation of online marketplaces and a greater…
Merchants have reduced the availability of some online shopping features for customers this year — particularly free shipping — and this left…
Cerence, a provider of conversational artificial intelligence (AI) products and technology, announced Monday (Nov. 22) that it has gained its first customers…
You have successfully joined our subscriber list.
© 2021 What’s Next Media and Analytics™
Related Posts
As Virtual Real Estate Gets Pricey Terrazero Technologies Provides Metaverse Mortgages – Blockchain Bitcoin News
[ad_1] While the metaverse has become very popular, virtual land sales have seen significant demand in recent times.…
After the Bull Run: Is Another Seismic Bitcoin Crash on the Horizon? – FX Empire
2021 saw all-time highs broken throughout the year followed by a series of harsh corrections. Today, as we…
Nasdaq-Listed Microstrategy Obtains $205 Million Bitcoin-Backed Loan to Buy More BTC – Finance Bitcoin News
[ad_1] Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy…