Posted on : 13-03-2013 | By : Bozho | In : Opinions
I just made my algorithmic music composer (Computoser) accept Bitcoin (only if you need tracks for commercial purposes, they are free otherwise). First, why Bitcoin?
- there are no fees, there is no business entity verification process - you just set it up and start accepting payments
- it is practically the only payment solution that works in my case. I need it to be international, to allow merchants from my country (Bulgaria, an EU member), not to have too high fees (the price is $0.99 for two tracks, so PayPal's $0.40+ fee is not an option), not to have a monthly fee (I don't think I'll sell anything in the beginning, and even if I do, the volumes will be too low). Stripe is a good option that meets all but one of the above criteria, but I hope it will land on the European market soon.
- computer-generated music is entirely "digital" - it doesn't require any human input or physical materials and so is Bitcoin. It made sense for a digital currency to be the means of paying for generated music.