Square CEO Jack Dorsey
Payments firm Square agreed on Thursday to buy a majority stake in rapper Jay-Z’s Tidal music streaming service for US$297-million in a deal that could popularise blockchain or other new approaches to storing and buying online media.
Square CEO Jack Dorsey, who also runs Twitter, said in a statement that the tie-up “comes down to one simple idea: finding new ways for artists to support their work”.
Square and Tidal would work on new listening experiences “to bring fans closer together”, simple integrations for merchandise sales and financial tools for artists, he added in a Twitter post.
Square s US$297 million deal for Jay Z s music service Tidal may bring blockchain to masses
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Square s $297 million deal for Jay Z s music service Tidal may bring blockchain to masses
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Credit Card Companies Should Offer Stablecoin Payments or Be Left Behind: Gartner
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Dec 2, 2020 9:03 AM PT
Libra, the digital currency announced by Facebook last year, is getting a new name. Libra will now be Diem.
The new name will reenforce the currency project s independence, according to a statement released Tuesday by the Libra Association, which is also changing its name. From now on it will be the Diem Association. What s the best way to get people to think about a product differently? asked Josh Crandall, CEO and co-founder of NetPop Research. Change the name.
He maintained the name change is Facebook s way to create a blank slate for the currency. The Libra rollout was rife with conflicts between partners and positioning statements that roiled the industry, he explained to TechNewsWorld. They had to bury that history however they could and changing the name was the fastest means to an end.