Online Music Store Beatport to Start Accepting Bitcoin Payments, Launches Curated NFT


A major US online music store associated with DJs has joined the crypto adoption craze by accepting payments in bitcoin. Beatport is the latest company to roll out a cryptocurrency payment gateway after signing a partnership with crypto-currency exchange Crypto.com.

Bitcoin payment gateway launched in June.

According to Music Week, the digital music retailer will officially launch in June, with all customers able to pay subscriptions or buy tracks via bitcoin (BTC) processed through the cryptocurrency exchange in Hong Kong.

Robb McDaniels, CEO of Beatport, has expressed a keen interest in cryptocurrencies and non-disruptive tokens (NFTs) and sees Beatport’s launch of Bitcoin Pay as an important step in the digital music industry:

If it benefits and strengthens the creative community, there is no reason to stop innovating. (…) It’s clear that even in the midst of a pandemic, the DJ/producer community is leading the industry in embracing new technologies and innovative ways to communicate with their fans, and the world of crypto-currencies and non-interruptible tokens is a perfect example of that.

Unpublished titles in NFT with visual design by Leif Podhajsky

In addition to accepting BTC payments, Beatport also announced that its partnership with Crypto.com will see the launch of a curated NFT called Music for the Future Dance Floors on the 23rd. The month of April includes.

According to the announcement, unreleased tracks from DJs and producers like Sasha, Charlotte DeWitte, Boyz Noise, Pan-Pot, a new collaboration between Nick Funciulli and Alec Monopoly titled Sold As Seen and a bonus track from Sama Abdulhadi will be featured on the NFT, as well as artwork from Australian art director Leif Podhajsky.

He is known for his work on album covers for artists such as Kylie Minogue, Young Magic, Tame Impala, Bonobo, etc. On the launch of NMT, Podgaisky said:

As a digital artist who has done a lot of creating visual worlds for music, I am very excited about what NFT has to offer all creatives. He reinvigorated art creation and music collecting in the modern era.

What do you think of Bitport’s announcement? Let us know your comments in the section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

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