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Spotify Competitor Now Allows You to Earn Bitcoin for Streaming Music

Thu, 03/14/2019 - 06:18
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Alex Dovbnya
?⚡The Lightning Network appears to be a perfect technology for creating micropayments ? ecosystems within streaming services ??
Spotify Competitor Now Allows You to Earn Bitcoin for Streaming Music
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Feedbands, a streaming service that focuses on independent artists, is now paying both artists and customers in Bitcoin with the help of its pay-per-stream feature. On top of that, the users can earn crypto through a referral program with every qualified stream.

Goodbye Spotify: There is New Blockchain-powered Speaker That Actually Rewards Artists

Adopting the Lightning Network

Currently, Feedbands is beta testing the Lightning Network (LN) to accelerate the speed of transactions and reduce their cost. The company states that the LN is a perfect fit for creating a micropayment economy within their streaming service.

Beyond the payment feature

Apart from bringing crypto into the multi-billion dollar music industry, Feedbands also battles climate change by planting a new tree for every qualified stream because of the partnership with ‘Trees for the Future.’

 In such a way, the company wants to show that Bitcoin, which is constantly bashed for its power-hungry proof-of-work (PoW) algorithm, can produce a positive environmental effect.     

Dash was the first choice  

It is worth noting that the company earlier chose Dash for paying its customers. The company’s CEO earlier explained that they chose Dash because it allowed instantaneous transactions. On top of that, the asset has appreciated tremendously over the past few years (it’s the third most profitable cryptocurrency of all times).

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at