Rapper Raftaar has become the first Indian artiste to accept cryptocurrency instead of actual currency as performance fee
Rapper Raftaar has announced that he will accept cryptocurrency instead of actual currency as his performance fee. He has become the first Indian artiste to do so.
Raftaar is an Indian rapper, lyricist, dancer, TV personality, and music composer
Indian rapper Raftaar is reportedly accepting cryptocurrency for his upcoming performance in Canada
Raftaar says that he is an avid fan of blockchain and that accepting payments using similar technology is like a dream come true for him. He has started receiving crypto payments for his concert scheduled to be held in July.
“I’ve always been an ardent admirer of blockchain technology. I’ve always wondered why artists 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.”
Reportedly, this performance that will be paid for in crypto is an hour-long virtual event in Ottawa, Canada, for a private group of about 100 people. However, the rapper did not mention which cryptocurrency he will be paid in.
The rapper’s longtime business partner and manager Ankit Khanna has been instrumental in the cryptocurrency transaction.
“In my opinion, music will be one of the first industries to be completely and thoroughly disrupted through the blockchain. The artist can now go directly to the public in every single way without the need for middlemen. 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.”
Meanwhile, cryptocurrency and blockchain technology has already won the approval of global artists like 50 Cent, Mariah Carey, G-Eazy, Sia, Fall Out Boy, the Backstreet Boys and Lana Del Rey among others.
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