FanDistro Takes Bitcoin for Indie Music

FanDistro Takes Bitcoin for Indie Music

Fresh from a $700,000 angel round, indie music sales site FanDistro has started taking bitcoin for downloadable online music sales. FanDistro, a site that helps bands sell their music while also rewarding their fans with merchandise, previously only took PayPal payments, but is now working with Coinbase as a merchant, said CEO Michael Penfield. "We're encouraging people to use bitcoin, and philosophically we love bitcoin. We think it's something fantastic for the music industry," said Penfield, who turned on the function a couple of weeks ago. The biggest benefit for musicians are the low....


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