Spotify goes into Cryptocurrency - Partnering with TNB

Time New Bank (TNB) to Partner with Spofity

The team of cryptocurrency project Time New Bank (TNB) has reportedly partnered with world’s second largest music streaming service Spofity. Multiple sources have claimed this in the last hours on Twitter.

Neither TNB nor Spofity have been able to confirm the partnership until now. Without specifying the details of the partnership, sources have claimed that the deal between Time New Bank and world’s second largest music streaming service Spofity will be “officially” revealed by Spofity “next week.”

While sources claim that TNB has exclusively confirmed the partnership in private correspondence with it, the crypto platform itself has not yet officially announced any details of the partnership or even the identity of its new business partner.

Time New Banks Biweekly Report has recently hinted “the glonal expansion of time trading platforms”:

“Important deployments include the construction of super nodes, the global expansion of time trading platforms, the linking of DAPP scenarios, the comprehensive promotion of platform core concepts and popularity, and the optimization of main network technologies” – Biweekly Report (2018.12.22~2019.01.04)

Xiaowu Ji, senior consultant of TNB, looks forward to 2019: New Opportunities for TNB Strategic Planning

TNB senior consultant Xiaowu Ji gave to the community members an ideological and spiritual feast around the TNB’s strategic development in 2019 at TNB Chinese Telegram group. In this share, Xiaowu Ji gave important information in terms of both market improvement and technological change.

Crypto Analysts predict, that Spotify could roll out a new feature that will allow customers in all over the world to buy celebrities’ time or to pay the monthly subscriptions with TNB.

TNB the Beijing-based app was founded in late 2016, and describes itself as the world’s first “time-trading platform” that helps “unearth people’s potential” and “helps people see who they want to see.” The company buys time from celebrities or their agents in bulk, then sells it off in one-second packets in something akin to an initial public offering. The platform profits by charging a three per cent service fee (TNB) on all exchanges. To put users at ease, all transactions are managed through the online payment platform of tech giant NetEase. According to the app, an average month sees users trade 600 to 800 million yuan ($90-120 million) in seconds of celebrities’ time. The market is primarily driven by China’s growing fan economy: Every second bought can be cashed in for celebrity interactions. One second gets you one line in a text-based chat, while voice or video calls cost a minimum of 600 seconds. Those hoping to meet the celebrity in person must redeem a minimum of 7,200 seconds.