Music Streaming Service Radical. FM Opens Up to Bitcoin Donations

Music Streaming Service Radical. FM Opens Up to Bitcoin Donations

Radical. FM - a personal radio streaming service that's free of charge - is turning to the bitcoin community to help keep their offerings free to the public, according to a Friday announcement. The company describes itself in the following manner: Radical. FM is the most accurate streaming radio service in the world. We believe in a sustainable planet, global humanity, and local action. Radical is operated free of commercial interests on a Pay What You Can basis. We compensate artists, composers, and labels for all the music you stream. Donations received via the digital currency will be....


Related News

Bitcoin to Transform Music Streaming Industry?

It's no secret that the music industry has been mired in controversy for raking in profits mostly for producers and record labels then leaving very little to artists themselves. This has been a prevailing issue, even as the rise in music streaming has offered more convenient and streamlined ways to listen to songs. Even Grammy-winning singer-songwriter Taylor Swift has spoken up about this issue when it comes to Apple's streaming services and has protested against Spotify's music streaming terms. Bitcoin enthusiasts say that the cryptocurrency might be able to solve all this. Bitcoin and....

Online content streaming is dead. Long live the music NFTs

Goodbye Spotify, music nonfungible tokens have arrived: Reimagining the music streaming model in the Web 3.0 era. The music industry has undergone a massive transformation in recent years. We have seen the advent of the internet leave its mark on music, and most notably, 1999 spelled the coming of Napster. This then-revolutionary peer-to-peer online streaming service defined a whole generation and enabled musicians to share their creations with the world.Streaming has become the dominant format for music today, through Apple, Amazon, Tencent Music and the clear category winner — Spotify.....

Nurturing the Creation of Music Through the Blockchain

According to a recent report from the Financial Times, music streaming is set to overtake CD and vinyl as the largest generator of income for British record labels in 2017. The report states that as more people opt for subscriptions to streaming services such as Spotify and Apple Music, revenues in the sector were pushed to a five-year high last year. Total income generated by the U.K. music industry increased by 5 percent to £925 million ($11.6 million) in 2016, from £881 million ($11.1 million). Yet despite the popularity of the music industry, musicians often find themselves unfairly....

NFT music platforms to disrupt Spotify in 2022, Saxo Bank predicts

Spotify and Apple Music reportedly cut 75% from musicians’ revenues together with the cut paid to labels. As popular music streaming services like Spotify cut much of musicians’ revenues, new technologies like nonfungible tokens (NFTs) are likely to help artists grab back their fair share, Saxo Bank predicted.According to one of Saxo Bank’s Outrageous Predictions 2022: Revolution, music creators would benefit from NFT-based streaming platforms as they allow distributing music directly to listeners without centralized middlemen charging a fee. Saxo Bank’s cryptocurrency analyst Mads....

Music Streaming Service Grooveshark Begins Accepting Bitcoin

Here's another big company accepting bitcoin for premium services. Music streaming service Grooveshark is now accepting the digital currency in a move that makes it one of the first companies in the music space to embrace bitcoin. Users have the opportunity to pay $5 per month for the service or $50 annually. You can see in the screenshot above that Bitcoin is clearly listed aside traditional payment methods (in addition to promotional codes, of course). Although interestingly, it doesn't appear as if the company has integrated any form of third-party payment processor like Coinbase and....