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If you think Cryptocurrency It’s a game, think again! It has taken over many different ways, and now it has undergone revolutionary changes in the music industry. Earlier today, San Francisco-based company EMPIRE revealed that artists with whom they sign contracts can choose to receive advance payments.
according to billboard EMPIRE, a distribution company and record company founded by founder and CEO Ghazi in 2010, now provides artists with the option of receiving prepayments via Bitcoin via CashApp. EMPIRE stated that this new prepayment system will become part of a new way of innovating financial tools for artists. EMPIRE has many rap singers, including #YungBleu, #42Dugg, the late #KingVon, etc. However, the Atlanta rapper #MoneyMan was the first artist to obtain a $1 million advance payment through a decentralized digital currency, which is equivalent to less than 15 bitcoins at the current valuation. This is equivalent to approximately US$68,000 per digital token.
Ghazi and Billboard talked about Money Man receiving his advance payment via Bitcoin. “Money Man is a progressive thinker and believes in the pulse of cryptocurrency,” he said. “When we started to innovate financial tools for our partners, he was the first artist in our history to achieve imperial progress in BTC, which felt natural.”
Money Man shared a video on Instagram next to Ghazi sitting in a jet plane to celebrate the news. He didn’t stop there. He also shared screencasts of his CashApp and large bitcoin transactions, and played his latest single “LLC” in the background. More than 1,000 people commented on the post, including record company Yung Bleu, who dropped a few fire emojis. Congratulations to Ghazi, Empire and Money Man for being at the forefront of cryptocurrency!
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