Internet Music Now

Internet Music Now

More disruptive for the music industry than Skype was for the telecoms.
Jan 17 '15
Show me the money – Part 3!

Internet Music Now introduces a new payment system based upon the technology that fuels Bitcoin! I.e. transactions are made with no middlemen – meaning, no banks! It is:
• Irreversibel by design
• Fast. Funds received are available for spending within hours.
• Low cost, especially compared to other payment networks.

Bitcoin as a form of payment for products and ser
Show me the money – Part 3!

Internet Music Now introduces a new payment system based upon the technology that fuels Bitcoin! I.e. transactions are made with no middlemen – meaning, no banks! It is:
• Irreversibel by design
• Fast. Funds received are available for spending within hours.
• Low cost, especially compared to other payment networks.

Bitcoin as a form of payment for products and services has grown, and merchants have an incentive to accept it because fees are lower than the 2–3% typically imposed by credit card processors. Unlike credit cards, any fees are paid by the purchaser, not the vendor. The European Banking Authority and other sources have warned that bitcoin users are not protected by refund rights or chargebacks. (Wikipedia).

As it is now, someone can listen to music for some 20 days after which they can say I do not like it and ask for their money back (chargebacks). This is very costly and makes a big dent in the payoff to creators of music.

Internet Music technology makes every transaction final and therefor payments can be expected in your (electronic) within hours and much more than is common today (topic for next part).
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