Grammy-winning Fugees founder bringing blockchain to your smartphone

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Grammy-winning Fugees founder bringing blockchain to your smartphone

Post by dizzleBEE16 » Fri May 18, 2018 10:45 am

Grammy-award winning rapper and founding member of the Fugees Pras Michel is launching a blockchain-enabled smartphone that lets users earn dividends on every purchase.

The phone is part of Michel's digital platform Blacture, which was announced in a 2018 Super Bowl ad, and celebrates black culture through content and technology. The first retail move for Blacture is the launch of Motif, a $300 smartphone which hits stores this fall.

"When you use the phone you'll get paid and you can convert it into cash," Michel told CNBC'S "Squawk Box" Friday. "Blockchain is the technology."

Motif users will earn a percentage on every purchase when they pay using their phone, which unlike airline miles Michel said they can later redeem for cash. The phone can also be linked to a Blacture debit card. Motif partnered with tech company Zippie, and Michel said the group is currently in talks with the top four phone carriers in the U.S. ... phone.html

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