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Tech News (more headlines) 08-04-2014

Aurovine Set To Revolutionise Music Industry With Crypto Payment System

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Website: http://www.aurovine.com/investors
Recently out of Beta, the UK Band to Fan music startup Aurovine has continued with it's innovative approach to solving the woes of the music industry. With a focus on ethics and fair deals for artists, the platform has now embraced the cryptocurrency protocol in what it describes as a 'game changer' for the music industry.

With their new currency based on the Bitcoin protocol, they aim to solve the problem of diminishing returns for artists that exist on the current streaming platforms.

"Our new method of buying music will lie somewhere between iTunes and Spotify but will also allow artists and fans to own a currency that can be worth hanging on to" said the Directors.

Bitocoin has seen it's value rise from a few cents to over $1000 and each coin is currently worth around $600. Investors such as Richard Branson, Peter Thiel (ex Paypal) and Sean Parker (Facebook Advisor) have recently backed the new Bitcoin payment gateway Bitpay, so it looks like this new way to conduct ecommerce is here to stay.

Aurovine recently released their new funding round video explaining more about the new system:


They are currently raising first round funding at UK equity crowdfunding site Seedrs. More details on the project can be found here.

Aurovine achieved a Top 50 industry growth ranking in Jul 2014 on the growth monitoring platform Signl where they are ranked number 34 out of 977 music industry companies.

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