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BBTV launches crypto payment solution for media monetization

BBTV launches crypto payment solution for media monetization
Written by publishing team

Content makers at BroadbandTV Corporation (BBTV) will soon be able to get paid in crypto.

BBTV recently announced Pay to Crypto, a payment solution that allows creators to get paid in Bitcoin (BTC), Ether (ETH) and USD Stablecoin (USDC). With the newly launched solution, creators just need to choose a crypto asset and provide a compatible wallet address, and BBTV will send their winnings directly.

For some creators, paying directly via crypto is a welcome feature. In the announcement, content creator Joseph Hogg expressed his delight, saying, “Getting paid directly in crypto-currency saves me time and costs less compared to multiple transfers from my bank to different wallets.”

The move to integrate crypto payments is in response to the interest of its creators, according to BBTV President and CEO Scheherazade Ravati. “The creators have been really vocal about their interest in ushering in the Web3 revolution, and we are very proud of our leadership,” said Raffati.

The company works with creators of all sizes by discovering and monetizing videos uploaded by fans across platforms like YouTube. The company currently serves individuals as well as major corporations such as the NBA, Viacom, and Sony Pictures.

The crypto payment solution is implemented with the help of cryptocurrency exchange Netcoins, a subsidiary of BIGG Digital Assets Inc. Act.”

Related: Airbnb users want crypto payment options, according to a Twitter CEO poll

This is not the first time the company has been involved in the cryptocurrency space. Back in 2021, BBTV also took part in an initial round of non-fungal social token platform Nifty’s Inc.

Meanwhile, the recent adoption of crypto payments is not limited to publicly traded companies such as BBTV. A recent survey by Visa shows that small and medium-sized businesses will also accept digital assets in 2022. In addition, governments such as Iran are also set to implement mechanisms that allow businesses to complete payments using cryptocurrencies.