ADOPTION OF CRYPTOCURRENCY BY THE ENTERTAINMENT INDUSTRY
Bitcoin known as the father of all other cryptocurrency due to the fact that it was the first of all cryptocurrencies had in the past and the present still receiving lots of attack as to whether it would actually deliver on its promises or crash in what is popularly called “Bubble Burst”.
Inspite of all this attack, it has been soaring high and lots of investors are trooping in to partake of its increase and benefits. It has been adopted by large Corporations in the world and Business men who see the future of this currency are also keying into it.
As a result of the massive growth over the years and benefits the blockchain technology has brought, other cryptocurrencies has crept up and are now pushing the fight onward. The fight of which would run the world in finance.
Fiat or cryptocurrencies?
As said before, corporations/organizations such as Shopify, Lionsgate Film, Microsoft, Virgin Galactic, NameCheap, Badoo etc has accepted it as a means of payment and even some governments are not pushing for their own adoption of cryptocurrencies such as what is happening now in Venezuela (oil backed Cryptocurrency , the entertainment industry has now decided to enter the scene further pushing the adoption of cryptocurrency to the forefront .
Amongst the adopters in the entertainment industry are popular musicians such as Mariah Carey, G-Eazy, Sia, Dolly Parton, Marilyn Manson, Backstreet Boys, Dixie Chicks and others.
Commenting on the reason for adoption Rap Artist G-Easy said “Given the Monero is one of the safest, most secure and most private cryptocurrencies, it’s one of the best options for my fans this holiday season- and just in time for my new album
In an announcement made by Monero in total 45 musicians and other online stores will be accepting the privacy coin for this holiday season and they would be offering discounts to those paying in cryptocurrency.
Monero which is denoted by XMR is currently one of the top 10 cryptocurrency with a market capitablization of over $3.8billion selling at $249.
Between Fiat and Cryptocurrencies, who will rule the future of finance?
Would they co-exist peacefully?
Its yours to answer