Indian rapper Raftaar is reportedly accepting cryptocurrency for his upcoming performance in Canada. “Nevertheless, I have finally taken small steps in this direction and all the credit for making this dream come true goes to my manager Ankit Khanna,” Raftaar said.
- Raftaar, an Indian rapper, lyricist, dancer, TV personality and musician, made headlines this weekend for being “the first Indian artist to accept a performance fee in cryptocurrency”. Raftaar’s real name is Dilin Nair.
- The demonstration for which Raftaar will be paid in cryptocurrency is a one-hour virtual event for 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 fan of blockchain technology. I have always wondered why artists and managers alike have not explored the potential of this disruptive medium,” said Raftaar. “Nevertheless, I have finally taken small steps in this direction. All the credit goes to my manager Ankit Khanna for making this dream a reality for me.”
- However, the rapper did not specify in which cryptocurrency he would be paid.
- Khanna, longtime business partner and manager of Raftaar, commented: “In my opinion, music will be one of the first industries to be completely and completely disrupted through blockchain. Artists are now in every way without the need for middlemen. can go directly to the public.
- Meanwhile, the Indian government is yet to announce its policy on cryptocurrencies. A bill banning cryptocurrencies like bitcoin was supposed to be introduced during the budget session of parliament, but it did not. Now there are reports that the government is re-examining the proposals in the bill and setting up a panel of experts to come up with new recommendations.
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