Monero (TIKER: XMR/USD.CRC) has announced that 45 musicians and five online stores will be accepting the privacy coin this holiday season and offering discounts to those paying in the cryptocurrency, Forbes reported.
The full list covers a wide range of artists, from Weezer to G-Eazy, from Slayer to the B-52s, from Dolly Parton to Morrissey.
Other big name artists include Backstreet Boys, Dixie Chicks, Kaskade, Lana Del Rey, Lumineers, Marilyn Manson, Motley Crue and Sia.
“As cryptocurrencies become more popular, it’s important that my fans have choices when it comes to how they buy my songs and merchandise,” said rap star G-Eazy in a statement.
“Given Monero is one of the safest, most secure and most private cryptocurrencies, it’s one of the best options for my fans this holiday season — and just in time for my new album,” he added.
The inspiration for the initiative, called Project Coral Reef, came from serial entrepreneur and Monero fan Naveen Jain who has worked with many of the artists.
“One of the big challenges I see with cryptocurrencies is lack of acceptance,” he said in an interview in San Francisco.
Monero is currently the ninth largest cryptocurrency, with a market capitalization of $3.5 billion; it has a price of $226.