{"id":115714,"date":"2021-03-05T20:18:07","date_gmt":"2021-03-05T20:18:07","guid":{"rendered":"https:\/\/precoinnews.com\/?p=115714"},"modified":"2021-03-05T20:18:07","modified_gmt":"2021-03-05T20:18:07","slug":"jack-dorseys-square-buys-into-tidal-is-bitcoin-coming-to-the-streaming-service","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/jack-dorseys-square-buys-into-tidal-is-bitcoin-coming-to-the-streaming-service\/","title":{"rendered":"Jack Dorsey's Square Buys Into Tidal: Is Bitcoin Coming To The Streaming Service?"},"content":{"rendered":"

It is no secret that Twitter and Square CEO Jack Dorsey is a big supporter of Bitcoin and the blockchain industry. He has participated in the Lightning challenge, has publicly endorsed crypto, and CashApp has been allowing Bitcoin transactions long before many companies like PayPal and Mastercard hopped on board.<\/p>\n

In the latest move that could promote blockchain, Square has announced that it will be buying a majority stake in Tidal, a music streaming service.\u00a0Tidal is famously owned by music artists Jay-Z, Beyonce as well as other prominent artists.<\/p>\n

Square X Tidal<\/strong><\/h2>\n

In a Twitter thread announcing the deal, Dorsey stated that the end goal of the collaboration was to find new ways to support artists and their work. This goal is to be achieved through better integration for merchandise sales and new financial tools for artists.<\/p>\n

This deal has a lot of potential in terms of possible blockchain deployment and the tools that could be introduced. For example, non-fungible tokens can be used to verify the authenticity of collectible items such as artists\u2019 merchandise. As cryptocurrency is becoming more popular among many around the globe, the future of commerce will need to adjust as well.<\/p>\n

\u201cYou need the applications to drive the new economy,\u201d said Avivah Litan, a technology analyst at consulting company Gartner. \u201cNo one\u2019s going to just go get a cryptocurrency wallet if there\u2019s nothing to buy.\u201d<\/strong><\/p>\n

Blockchain could also be the thing that helps Tidal properly distinguish itself in the streaming business against rivals like Apple Music and Spotify, which it has been trailing behind for years. Currently, Tidal gives higher revenue rates to musicians and higher quality sound to users but has not captured the market the way the company might have wanted to.<\/p>\n

\u201cWhen you think purely about breaking into the market, if somebody with the brand name of Jay-Z and Beyonce doesn\u2019t manage to break the stranglehold of the well-established streaming platforms then who else can,\u201d<\/em> said Martha Bennett, an analyst at Forrester.<\/p>\n

With this new affiliation with Square, however, Tidal might be able to move its fortunes around. It was not publicly announced how much of a stake that Square would be buying in Tidal but it was announced that Shawn \u2018JAY Z\u2019 Carter would be joining Square\u2019s board of directors and that existing board members of Tidal would retain their stakes.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It is no secret that Twitter and<\/p>\n","protected":false},"author":3,"featured_media":115713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nJack Dorsey's Square Buys Into Tidal: Is Bitcoin Coming To The Streaming Service? - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/jack-dorseys-square-buys-into-tidal-is-bitcoin-coming-to-the-streaming-service\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jack Dorsey's Square Buys Into Tidal: Is Bitcoin Coming To The Streaming Service? - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"It is no secret that Twitter and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/jack-dorseys-square-buys-into-tidal-is-bitcoin-coming-to-the-streaming-service\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-05T20:18:07+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/03\/ccryptafotoJack-Dorseys-Square-Buys-Into-Tidal_-Is-Bitcoin-Coming-To-The-Streaming-Service_.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/jack-dorseys-square-buys-into-tidal-is-bitcoin-coming-to-the-streaming-service\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/jack-dorseys-square-buys-into-tidal-is-bitcoin-coming-to-the-streaming-service\/\",\"name\":\"Jack Dorsey's Square Buys Into Tidal: Is Bitcoin Coming To The Streaming Service? 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