A group of prominent musicians, including Mariah Carey, Marilyn Manson, and many others, began to receive anonymous cryptocurrency Monero as payment for their albums.
The Coral Reef project involved more than 40 artists, such as Slayer, Weezer, G-Eazy, Sia and Fallout Boy. The authors of the project – the entrepreneur Navin Jane (Naveen Jain) and a leading developer of Monero, Ricardo’s Spanyi (Riccardo «Fluffypony» Spagni). This initiative will allow you to buy the albums and Souvenirs such artists as Mariah Carey, Mötorhead, Alice Cooper and other c 15% discount.
The project was supported by Manhead Merchandise and Global Merchandise Services – companies that provide merchandising services to a number of musical performers. Processing service payments GloBee, the President and founder of which is Spagni, responsible for working with cryptocurrency.
«As cryptocurrencies become more popular, it’s important that my fans had a choice when buying my songs and goods. Given that Monero is one of the most secure, confidential and anonymous cryptocurrency is one of the best options for my fans,» said the rapper G-Eazy in his statement.
The news represents a significant milestone for Monero, which was one of the most active cryptocurrencies in 2016. Despite the fact that the law enforcement agencies of some countries I think the anonymity of Monero concern, interest in it continues unabated.
As at the time of publication, the price of XMR has reached 270 dollars per coin – it increased by 28.6% since the statements of pop stars, and its market capitalization has reached 4.3 billion dollars, according to CoinMarketCap.
The authors of the project, Coral Reef, rely on the fact that the privacy of cryptocurrencies will play into the hands of its spread among ordinary people. Spani said:
«Cryptocurrencies are increasingly being used for purchases, but not all currencies are equal, and not all are equally confidential and secure as people think. Project Coral Reef is a very important step in the widespread dissemination of Monero».