Prescription Songs is probably the first established music company to pay for its talent in cryptocurrency.
Prescription Songs, the independent music publisher of Dr. hatch (aka Lukasz Gottwald) announced Thursday (April 1) that it would be giving its list of songwriters and producers the option of receiving royalties in Bitcoin, which apparently makes it the first music company to do so. To make payments easier, the publisher has partnered with BitPay, a leading provider of Bitcoin and cryptocurrency payment services.
“Prescription Songs has always been an industry leader in providing the best service to our songwriters, producers and artists. Some of our creators asked for payment in Bitcoin, so we wanted to be one step ahead of the pack and offer that service,” said Dr. Luke in a statement: “BitPay is such a powerhouse in Bitcoin. I look forward to working with you in the music field.”