The project Coral Reef includes more than 40 top artists, including: Slayer, Weezer, G-Eazy, Sia and Fallout Boy.
The project was initiated by the entrepreneur Naveen railway leading developer of Monero Riccardo “Fluffypony” Spagni. Through this initiative, albums and other products in stores Mötorhead, Alice Cooper and other artists can now be purchased for this cryptocurrency and get a 15% discount.
The project was made possible thanks to the participation of Manhead Merchandise and Global Merchandise Services, both companies provide merchandising services for many music artists. Processing service payments GloBee where Spanyi is the founder and CEO, is responsible for handling cryptocurrency payments.
Rapper G-Eazy commented on this event:
Cryptocurrencies are becoming more popular, but for me it’s important that my fans had a choice when they buy my songs and merchandise. Given that Monero is one of the most secure and confidential currency is one of the best options for my fans.
Monero is one of the most successful cryptocurrency in 2016. This morning it was trading at about $224, and its market capitalization is approximately $3.4 billion.
Those who are behind the project, Coral Reef, rely on the fact that privacy in this currency will make it more attractive to users. Ricardo’s Spanyi commented on the launch of this project:
Cryptocurrencies are rapidly becoming more popular for purchases, but not all of them are equally safe as people think. The project Coral Reef is a very important step to promote Monero.