Peloton: Pay For Your Subscription With Cryptocurrency
According to a recently issued patent application, Peloton Interactive (Peloton) plans to enable several cryptocurrency functionalities, including payment for their subscription channels via cryptocurrency.
The application further supports generating, selling, trading, and administering cryptocurrency tokens. Users wishing to sell specific cryptocurrency tokens would be selling a portion of their subscription.
This may have been a factor in Peloton’s IPO valuation, totaling around $8 billion.
Related Posts
Ernst & Young Pulls Ahead of the Big Four in Cryptocurrency Investment
In May of 2021, accounting firm Ernst & Young (E&Y) announced that it is investing $100M into decentralized finance (DeFi) and…
Coinbase IPO Headlines. Its Patents Indicate a Bullish Future.
In Q1 2021, Patent Forecast® reported on Coinbase going public via direct public offering. At the time, market watchers predicted a…
Consensys Raises $65M, Gets Platform and First Patent Asset
Blockchain solutions developer Consensys raised $65M in its recent funding round with investments from big-name financial institutions…