Indian rapper Raftaar is reportedly accepting cryptocurrency for his upcoming performance in Canada. “Nevertheless, I have finally taken the small steps in this direction and I owe my thanks to my manager Ankit Khanna for making this dream come true for me,” said Raftaar.
- Raftaar, an Indian rapper, lyricist, dancer, television personality and music composer, 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 performance, which Raftaar is paid for in cryptocurrency, is a one-hour virtual event in Ottawa, Canada for a private group of about 100 people. It is scheduled for the second week of July.
- “I’ve always been an ardent admirer of blockchain technology. I’ve always asked myself why artists and managers haven’t explored the potential of this disruptive medium, ”says Raftaar. “Nevertheless, I have finally taken the small steps in this direction and all my credit goes to my manager Ankit Khanna for making this dream come true for me.”
- However, the rapper did not mention which cryptocurrency he is being paid in.
- Khanna, longtime business partner and manager of Raftaar, commented, “In my opinion, music will be one of the first industries to be completely and thoroughly disrupted by blockchain. The artist can now go directly to the public in every respect without intermediaries. “
- In the meantime, the Indian government has not yet announced its cryptocurrency policy. A bill banning cryptocurrencies like Bitcoin was supposed to be tabled during Parliament’s budget session, but it wasn’t. According to reports, the government is re-examining the draft law’s proposals and is setting up a group of experts to develop new recommendations.
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