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coinbase

Coinbase and UnitedMasters, a company that distributes music, have signed a deal to allow artists to receive their payments in cryptocurrencies. The Black-owned company, founded by Steve Stoutes, is now one of the first to offer, according to a report by Bloomberg. The partnership’s goal is to “empower independent artists by giving them transparency, equity, and control over their earnings.” Payments are set to be made through Coinbase’s payroll product. UnitedMasters stressed that with this new means of receiving payments, the music artists can now participate in a more equitable