Coinbase, the well-known crypto exchange platform, and UnitedMasters, an American Music distributor, have come together to facilitate music creators to select the cryptocurrency payment as per their need.
Coinbase, in its recent blog, revealed that exclusive partnership aims to decentralize the economics of the music business along with financially empowering the creators.
The artists on the UnitedMasters platform will be in charge of their earnings after the partnership with Coinbase. They can select how they want to be paid in cryptocurrency or US dollars, partially or fully. This will also enable them to have an autonomous payment system.
The crypto exchange giant revealed that it would provide the full set of product offerings to the artists. This includes all the sets of Coinbase’s spending, trading, earnings, spending, and borrowing services.
Coinbase, in its blog, also noted this initiative aims to help the music artists to do more with what they earn instead of saving them aside as people do with their fiat earnings.
It says that the company’s mission is to increase economic freedom among artists, and it appreciates UnitedMaster’s idea to help the company achieve its goal.
The blog further adds the positives of crypto by stating that crypto is a way to more fair, equal, and powerful access to wealth for anyone and everyone.
Coinbase Crypto paychecks
Previously in September, Coinbase announced that it would let the US customers deposit their paychecks directly into their Coinbase portfolio. This will enable regular traders to spend on Coinbase Cards to earn an array of rewards.
The exchange giant guaranteed instant and free access to the crypto economy along with zero transaction fees while depositing their funds.
The company noted that its partnership with UnitedMasters will let the users stay in control of their money but will also provide more than 100 cryptocurrencies on the platform to choose from.