Rap Icon to accept Bitcoin Lightning payments in the online store
18-year-old rap musician Lil ‘Pump has announced that his online store will accept payments for products through the Lightning Network. Fans of the artist will be able to spend Bitcoin on merchandise from Lil ‘Pump’s fashion line, “Unhappy” using the innovative micropayment solution.
While such acceptance stories don’t directly translate into increased Bitcoin adoption, it’s worth noting that the Miami-born rapper has 1.24 million Twitter followers. Many of them are probably already familiar with Bitcoin. However, seeing it, and in particular the new Lightning Network, being offered as a payment method by someone he presumably admires will certainly help cement crypto even more firmly in the public psyche.
Lil ‘Pump will host Bitcoin Lightning payments
Bitcoin’s Lightning Network is having a great 2019 so far. The micropayment scale-up solution to reduce the number of transactions made on the main Bitcoin blockchain has been praised by Twitter and Square’s Jack Dorsey, as a host of prominent celebrities have demonstrated the network’s capabilities sending and receiving payments. under the so-called lightning torch. Notable personalities involved included Dorsey himself, Elon Musk, and even Miss Universe.
We are now starting to see real companies adopting the technology. The latest to do so is Miami-based rap mumble icon Lil ‘Pump. It will allow fans to pay for a range of t-shirts and hoodies from its clothing brand, Unhappy, using Bitcoin’s Lightning Network. The news was announced via a website that monitors companies that accept the second-layer Bitcoin scaling solution called LightningNetworkStores:
– LightningNetworkStores (@bitcoinLNS) April 24, 2019
The rapper’s clothing website is the latest addition to a growing list of companies that will accept Bitcoin on the Lightning Network. Most of the others listed so far are for online betting or gambling platforms, web services such as hosting, creative freelancers, and adult products / videos.
A browse through the full list of those who accept Bitcoin Lightning payments shows that no big name in the mainstream industries has yet opened up to the relatively new payment method. Perhaps the most well-known company accepting Lightning payments before Lil ‘Pump’s announcement was the live webcam model site LiveJasmin.
However, the fact that the rapper’s 1.24 million followers (who aren’t necessarily into crypto or even tech) were exposed to the Lightning Network is another hugely positive development for the fledgling tech in 2019. It doesn’t seem like it. it’s only a matter of time before even bigger names in more traditional industries will follow.
Rap musicians are quickly embracing crypto
This isn’t the first time that a rap music icon has taken an interest in cryptocurrency. Given that two of the genre’s dominant themes are money and contempt for centralized authority figures, it’s hardly surprising that the musical form has been so eager to embrace Bitcoin and other crypto assets.
NewsBTC has previously reported on Eminem and Soulja Boy incorporating the world’s number one digital currency by market capitalization into their music. The last album of the first Suicide bomber presented a track called “Not Alike”, which is a collaboration with Royce Da 5’9 ′. The track contains the lines:
“Remember everyone used to bite Nickel, now everyone is bitcoin.”
More cheeky was the Soulja Boy track which was titled simply “Bitcoin”, which appeared on the rapper’s latest album, Young Drakô. The article isn’t the central bank review you might hope for, however, and focuses primarily on the potential financial gains that can be made by investing in highly speculative digital assets.
Related reading: Meet CoinDaddy: Mink Suit Wearing ‘Bitcoin Rapper’ and Cryptocurrency Enthusiast
Featured Image from Shutterstock.