Kid Riko To Began Accepting Stellar Lumens (XLM) and Algo As Forms Of Payments For His Music/Merch Soon

Independent rapper and producer Kid Riko has been working on integrating Stellar Pay into his website, kidriko.com, so that his music and merch can be purchased using Stellar Lumens (XLM) as a form of payment. He has also been prepping to accept Algos (Algorand) as another form of payment as well. “Things should be up and running very soon, maybe by next month”, stated the Tuskegee native. Kid Riko is a huge supporter of both Algorand and Stellar, favoring their little to no cost lightening fast transaction speeds and Algorands pure proof of stake protocol.

Kid Riko tells us,

“It is better a little late than never, but I wish that I would have been able to get into the crypto space sooner. I heard about bitcoin in 2017 as far as I can remember, but never got a chance to dive into it to see what it was all about because of some issues I was going through at that time. That was a bad year for me, personally. I kind of forgot about crypto from that point, until I saw this movie called “Super Fly” in 2018. Trevor Jackson played as the main character in it, and he mentioned that he traded cash for crypto.

After that I began researching the technology behind crypto and how it worked, mainly BTC, Ethereum, and Litecoin at the time. It wasn’t until early 2019 when I bought my first cryptocurrencies which was dogecoin and a small portion of bitcoin. I am not a fan of doge by the way. It was cheap and I could play around with it, before I started putting serious money into the crypto market.

Fast forward to January of 2021, right before the bullrun, I had finally filled my bags up with some Algorand, XLM, BAT, and Litecoin after my brother (Blaxrican) put me onto Coinbase. My two favorites are Algorand and Stellar XLM. Transactions are very fast and extremely low cost on both. Algoarand uses its puer proof of stake making it secure, fast, and scalable. And I like that you earn staking rewards which similar to earning interest on your savings, and it compounds. Algorand also has a very solid team behind it. XLM, which is very similar to XRP, is geared towards transfering money as with Moneygram. Unlike XRP, XLM Stellar is geared more towards the people or individuals rather than large banks and institutions.

I am crazy excited about crypto, especially Algorand and Stellar. I believe that cryptocurries and the underlying blockchain technology is here to stay. I think they are the future and will have a major impact on the world. Of course, realisticly speaking a lot of altcoins won’t survive. Only the ones that solve real world problems and have utlility. Just my opinions.”

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