MI2N
Music Industry News Network
MONDAY, FEBRUARY 8TH
Advanced Search
MusicDish Advertising Network
Subscribe to Mi2N's Free Newsletters B2N (business) i2N (indie)
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Web Events (more headlines) 02-18-2014

FanDistro Enables Bands To Sell Their Music For Bitcoin

Bookmark and Share
Website: http://fandistro.com
FanDistro is the first website dedicated to musicians that allows music to be sold for Bitcoin. The currency, which is not controlled by any bank or government, can be used for payments with effectively no processing or transaction fees. This means that FanDistro are able to pass on more money to artists and their chosen charities.

FanDistro is a platform, used by indie and signed artists including Fat Boy Slim, Lordi, and Socionic, that encourages bands to reward their fans with gifts for sharing their music. The website was created by a small group of musicians based in Connecticut (US) to help developing artists build their fan base while supporting charities. By default, 20% of all music sales go to a charity of each artist’s choosing.By eliminating the transaction fees imposed by payment processors and digital music stores, FanDistro believes that they can put an extra 10-15% of revenue produced through the website back into the hands of artists.

Michael Penfield, the Founder of FanDistro, believes that fans are also more likely to purchase music using a virtual currency like Bitcoin. “There are studies showing that we’re more likely to spend money when using a virtual currency. That’s why casinos use casino chips. I believe that the ease of use, lack of government influence, and low transaction costs of using Bitcoin makes it an ideal currency for purchasing music. We’re still in the early stages of Bitcoin adoption, but in a year or two I can see this being the norm.”

The Bitcoin currency is rapidly increasing in popularity around the World, particularly in countries without a stable currency or banking structure. One of the extra benefits of accepting Bitcoin is that it will make music accessible to a wider global audience. FanDistro is using coinbase.com to process and store Bitcoin.

Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

Fortune Empire Records Is Proud To Announce The Akademia Music Award Winning EP, Recession Proof 2 Diamond By Young Fortune

Award-Winning Texas Singer/Songwriter DeDe To Release Dream Of You Feb. 12, 2016

Runway 27, Left Wins The Akademia Music Award For Best Blues Song

Instrumental Rock Guitarist Mike Dekleva Releases His Debut Four-Song EP, Synergy

The 21st Annual USA Songwriting Competition Kicks Off

KickShark Launches Groundbreaking SoloAmp Personal Sound Column Stage Amplification System At The 2016 NAMM Show

Get Loose "Wiggle"



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» Japan Government To Tackle Copyright Infringement
» IZotope Wins Multiple NAMM TEC Awards
» Sony Music Entertainment Sign Nigerian Musician Davido To A Worldwide Deal
» MusicDishTV Review: Dangerous Rob MV "WOW"
» Los Angeles Based Radio Station Is Looking For Music Artists To Join The Team
» Peermusic Appoints Carter Armstrong To Senior Vice President Of Film And Television
» Musicbed Makes Songs From Legendary Sun Records Artists Available For Online Licensing For The First Time
» The 21st Annual USA Songwriting Competition Kicks Off
» Singer-Songwriter Junior Wright Releases EP '666'
» Raquel Aurilia Headed To Music City To Perform In Nashville During CRS Week


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» "Up" Wang Li Bao The Night Of Rock And Finance
» Alibaba's Gao Xiaosong To Participate In Keynote Q&A At Midem 2016
» Serve The People! Serve The Rock! China's Post-Cultural Revolution "Yaogun"
» THIS World Music Festival @ Formosa
» BodyMemory New York Launch Reception Flux Factory
» HOT POT - Spicy Little Art Festival
» MusicDish*China Presents Lyric Dubee 'Young & Restless' China Tour
» MusicDish And LittleE Studio Launch Crowdfunding Campaign In Support Of BodyMemory
» MusicDish*China Brings Japan-Bound Canadian Bands To China
» The Jessica Stuart Few China Tour
» Top 10 Industry Podcast
» MusicDish*China And AAW Partner On Canadian Guitarist Lyric Dubee China Tour

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2015 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.