Over the past year, the privacy-focused cryptocurrency monero has grown by more than 3,000%, and in recent weeks soared to new heights, trading above $330 for the first time amid promises by its developers of lower transaction fees.
They’ve enlisted some star power too: Earlier this month, the monero team announced a partnership that lets people spend the cryptocurrency at official online stores for big-name musicians like Dolly Parton, Weezer, Mariah Carey, and the Backstreet Boys. Dubbed Project Coral Reef, the initiative offers discounts when buying music or merchandise from some of the 35 participating artists using monero.
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