Rapper Raftaar Becomes First Indian Artist To Accept Cryptocurrency As Fees
Raftaar recently revealed that he is open to accepting cryptocurrency as fees. Artists like 50 Cent, Mariah Carey, G-Eazy, Sia, Lana Del Rey among others have already given their seal of approval for cryptocurrency
Rapper
Raftaar
recently
revealed
that
he
is
open
to
accepting
cryptocurrency
as
fees.
Global
artists
like
50
Cent,
Mariah
Carey,
G-Eazy,
Sia,
Fall
Out
Boy,
the
Backstreet
Boys,
Lana
Del
Rey
among
others
have
already
given
their
seal
of
approval
for
cryptocurrency,
while
Raftaar
became
India's
first
artiste
to
accept
the
controversial
form
of
capital.
Raftaar
said
that
he
is
finally
ready
to
take
baby
steps
in
the
new
reality.
Crediting
his
manger
for
the
development,
Raftaar
said
in
a
statement,
"I've
always
been
an
ardent
admirer
of
blockchain
technology.
I've
always
wondered
why
artistes
and
managers
alike
haven't
explored
the
potential
of
this
disruptive
medium.
Nevertheless,
I've
finally
taken
the
baby
steps
in
this
direction
and
all
the
credit
goes
to
my
manager,
Ankit
Khanna
for
making
this
dream
a
reality
for
me."
The
rapper's
longtime
business
partner
and
manager
Ankit
Khanna
also
opened
up
about
what
prompted
him
to
take
the
step.
He
said
in
a
statement,
"Blockchain
has
the
potential
to
expedite
a
seamless
experience
for
anyone
involved
with
generating
or
interacting
with
music.
I'm
happy
to
welcome
this
new
transactional
paradigm
with
my
longtime
business
associate
Raftaar
who
truly
is
a
pioneering
voice
of
this
new
generation.
Ankit
believes
that
"music
will
be
one
of
the
first
industries
to
be
completely
and
thoroughly
disrupted
through
the
blockchain.
The
artiste
can
now
go
directly
to
the
public
in
every
single
way
without
the
need
of
middlemen".
The
Indian
rapper
is
set
to
perform
virtually
in
the
second
week
of
July
2021
for
which
he
has
accepted
cryptocurrency.
According
to
reports,
the
60-minute
music
event
will
be
hosted
in
Ottawa,
Canada
for
a
private
gathering
of
100
people.