Rapper Raftaar has stated that he will take cryptocurrency in place of actual currency as his show fee. He has matured as the first Indian artiste to do so. Raftaar said that he had been an enthusiastic supporter of blockchain technology, and receiving payment using the same technology is like a dream come true for him. He has previously started accepting crypto payments for his show scheduled to be held in July.
The cryptocurrency market has been witnessing an increase in the past few years. The rage has been supported by the constant help on social media from tech billionaire Elon Musk. Raftaar has credited his manager Ankit Khanna for composing arrangements for accepting cryptocurrency as his show fee. He said that he has always questioned why artists and managers haven’t examined the potential of this disruptive statement so far.
“Nevertheless, I’ve definitely taken the baby steps in this course, and all the honour goes to my administrator, Ankit Khanna, for producing this dream a reality for me,” Raftaar was quoted. Khanna is Raftaar’s longtime marketing partner and manager.
Cryptocurrency is a digital currency. Transactions done through cryptocurrency are verified and records supported by a decentralized system using cryptography rather than by a centralized administration. Global professionals like 50 Cent, Mariah Carey, the Backstreet Boys, G-Eazy, Sia, Fall Out Boy, and Lana Del Rey accept their show fee in cryptocurrency instead of actual currency.
Ankit shared: “In my view, harmony will be one of the first industries to be completely and thoroughly disrupted through the blockchain. The artist can now proceed directly to the public in every unique way without the necessity for intermediaries. Blockchain has the potential to promote a seamless encounter for anyone concerned with creating or interacting with music. I’m delighted to embrace this new transactional paradigm with my longtime marketing partner Raftaar who is a pioneering voice of this new age.”
The virtual show for which Raftaar received cryptocurrency is scheduled for the second week of July. The boutique 60-minute ceremony will be hosted in Canada, Ottawa, for a private gathering of 100 people.