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Utrust, a blockchain powered crypto payment gateway that gives e-commerce businesses the option to accept cryptocurrencies like bitcoin and ethereum, announced its integration with Kompakt, a Cologne-based electronic music record label company. This would allow the music company’s fans to pay in digital currencies like BTC, ETH, and also UTC token when they buy merchandise from the kompakt.fm website.
Industry leaders party together! 💽 @KOMPAKTREC is a leading electronic music label and they’re now accepting #crypto payments. Today we’re celebrating with @Michael__Mayer! Start shopping with $btc, $eth, $utk, and other major currencies at https://t.co/34wgUZv2yu pic.twitter.com/R4n1qfNIoA
— Utrust (@UTRUST) September 17, 2020
According to the announcement, Utrust is said to offer low fees, near-instant transaction speeds and buyer protection. Moreover the Founder of Kompakt and Cologne-based musician, Michael Mayer said in a statement:
Musically, we’ve embraced everything technology has had to offer, and now we are very excited to be doing this for the business side as well. Utrust is exactly the partner we needed to take this step.
The announcement did not disclose the funds involved in the integration but music fans on crypto-twitter welcomed the move.