Industry Report: Bitcoin Takes Over Television and Music
Bitcoin becomes the latest TV star, digital currency overruns the music industry, and a new competition is in the works for crypto-hounds. Want to catch up on your latest tech and digital currency news? Take a look at the stories below.
STARTUP: A Bitcoin-Based Television Drama
A new drama called StartUp is set to begin a 10-week run on Sony’s streaming platform, Crackle. The plot will feature a group of computer hackers locked in a digital currency scam while fighting the FBI.
Brian Stoeckert of Stratis Advisory served as a consultant on the show. He said that the program will be a good way to educate the public on digital currencies, which in the long run still aren’t mainstream. “People have heard about digital currency, but they really don’t understand how it operates,” he explained. “They just see it in the headlines. This is one way they can follow a storyline and get a unique perspective on it.”
Kashcoin aims to take over the music industry. A new altcoin launched by DJ Lethal and Justin Lally, the currency is intended for use by both bands and music-lovers alike, who can, in turn, use the coin to purchase albums, clothing, and assorted merchandise. Additional perks will also be made available down the line.
In a press release, Lally explains:
“The focus is on merchant adoption. Rather than just asking merchants to use Kashcoin, we are working to provide them with the tools to make this happen. If we do most of the hard work, merchants will be able to easily integrate Kashcoins into their existing payment solutions. We are asking merchants to tell us what they need and then respond to that with our development.”
UK innovation agency Nesta is looking to create a unique competition between fintech startups. New businesses in the financial and technology arena will be required to build data-driven tools to help small businesses select appropriate financial services and products. The price stands in the “multi-million-pound” range and is creating quite the stir among those who want to make a difference in the world of modern banking.
Nesta was created through legislation in 2010. Starting as an executive branch, it soon transitioned into one of a more charitable persuasion, and now attempts to advance “sciences and technology in the UK.”
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StartUp image courtesy of Crackle.