According to reports, the Indian rapper Raftaar is about to accept cryptocurrency in a performance in Canada. “Nevertheless, I finally took the first step in this direction. All the credit goes to my manager Ankit Khanna for making me realize this dream,” Raftaar said.
- Raftaar is an Indian rapper, lyricist, dancer, TV personality, and music composer. This weekend, he became the “first Indian artist to accept cryptocurrency performance fees” and made headlines. Raftaar’s real name is Dilin Nair.
- The performance that Raftaar will pay in cryptocurrency is a one-hour virtual event held in a private group of about 100 people in Ottawa, Canada. It is scheduled for the second week of July.
- “I have always been an avid admirer of blockchain technology. I have always wondered why artists and agents have not explored the potential of this disruptive media,” said Raftal. “Nevertheless, I finally took the first step in this direction. All the credit goes to my manager Ankit Khanna for making me realize this dream.”
- However, the rapper did not mention which cryptocurrency he will receive.
- Khanna, Raftaar’s long-term business partner and manager, commented: “In my opinion, music will be one of the first industries to be completely disrupted by blockchain. Artists can now directly face the public in various ways without the need for an intermediary.”
- At the same time, the Indian government has not announced its cryptocurrency policy. A bill aimed at banning cryptocurrencies such as Bitcoin was originally scheduled to be introduced during the parliamentary budget meeting, but it was not proposed. There are now reports that the government is reviewing the bill’s proposals and is setting up a panel of experts to make new recommendations.
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