updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131The investor letter came as the Peloton CEO celebrated his first-year anniversary at the company.
New-York based exercise equipment and media company Peloton Interactive Inc (NASDAQ: PTON) saw its shares jump 26% following the release of its Q2 FY2023 financial result. The company wrote that it “significantly outperformed” its expectation in subscriptions revenue and total revenue. Additionally, Peloton recorded a strong performance for Connected Fitness Unit orders and deliveries, Connected Fitness subs, hardware revenue, Adjusted EBITDA, and Free Cash Flow (FCF).
Peloton said its subscription revenue was higher than sales of its connected fitness products for the third quarter in a row during Q2 FY2023. The total revenue for the quarter came in at $792.7 million, exceeding analysts’ expectations of $710 million. CEO Barry McCarthy referred to the results as a possible “turning point” for the company. The Peloton chief added that the financial performance was the best quarterly result in the one year he has spent with the exercise equipment maker.
The Peloton Q2 FY2023 Shareholder Letter reads:
“Despite seasonally strong hardware sales, for the third consecutive quarter, we generated more revenue from subscriptions than we did from hardware sales. This trend is gross margin accretive because subscriptions gross margins significantly exceed hardware gross margins. If this trend continues, which seems likely since we sell more hardware in Q2 than any other quarter of the fiscal year, it represents a structural shift toward improving GM’s in the business.”
Additionally, the company recorded a 98 cents loss per share while expectations were 64 cents per share. Peloton said net loss in Q2 FY2023 narrowed to $335.4 million compared to a loss of 439.4 million or $1.39 per share in the previous year. Although the company has reported losses for the past eight quarters, it has the narrowest loss in the last quarter since its 2022 fiscal Q4.
The investor letter came as the Peloton CEO celebrated his first-year anniversary at the company. The exercise equipment company also mentioned its launches of the year, such as rolling out third-party sales via Amazon (NASDAQ: AMZN) and Dick’s Sporting Goods.
At the end of FY Q2, Peloton had 6.7 million members and 3.03 million connected fitness subscriptions. The fitness subscription represents a 10% increase YoY. Also, the company’s app has 853,000 subscribers to its app during the period.
Looking ahead to its Q3 FY2023, Peloton aims to attract at least a million prospective members to trial its app.
At press time, Peloton stock is down 0.49% to $16.28. The company has been amassing gains since the year started, growing more than 106.05% in its YTD record.
Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience.
Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.
One-of-a-kind “Revulution NFTs” collection will be offered to NFT enthusiasts on July 11, 2022
Contents
A new instrument by one of Croatia’s leading start-ups is set to unlock new opportunities for the segment of subscription and for the entire “real-world” Web3 implementations segment.
According to the official statement shared by the Revuto team, its ecosystem has started offering a completely new type of cryptocurrency tokens, i.e., “tokenized subscriptions.”
Revulution #NFTs are an opportunity that you don’t want to miss.
Would you like to have free #Netflix or #Spotify for a lifetime?
We’ve got some amazing features coming out that will totally Revulutionize #subscriptions.
Read all about it
https://t.co/dNKGdXp4pK pic.twitter.com/zdMX1kjJ24
— Revuto (@get_revuto) June 27, 2022
Thanks to a partnership with Railsr (former Railsbank), a crypto-friendly digital banking heavyweight, Revuto is now available to sell subscritions to Spotify and Netflix as non-fungible tokens (NFTs); the provider just issued a virtual card to pay for the subscriptions.
The new instrument, dubbed “Revulution NFTs,” will also be avaliable for sale on secondary markets; users will be free to trade them on third-party platforms. Once this or that “Revulution NFT” is sold, Revuto closes the associated virtual card and transfers the rights to another customer.
Ads
Vedran Vukman, CEO and co-founder of Revuto, stresses that this instrument can be profitable for both traders and holders of cryptocurrency:
Based on the feedback we received from our 350,000 active and verified users, we have decided to give the community exactly what they have asked for – a solution that guarantees a stable subscription fee, that they can share with their friends or family members in a simple and straightforward way. Moreover, in case they are not using the service, the users can simply get their money back or even profit from selling the NFTs.
Josipa Majić, co-founder of Revuto, is sure that new services besides Spotify and Netflix will soon be integrated into Revuto’s ecosystem:
Our Revulution NFT for Netflix or Spotify is just the start, and also an introduction to the subscription NFTs that people will be able to use to pay for any subscription in the world, for however long they want. Also, by using this particular innovation, the users will get discounts when selecting their subscriptions, coupled with the possibility of either gifting or selling them to other users. With such a unique approach, Revuto is introducing something completely new to the world of subscriptions, something that will enable the creation of an entirely new market of prepaid unused subscriptions.
The first token sale will kick off at 12.00 p.m. (CET) on July 11, 2022. NFTs will be offered for $349 in equivalent on the official Revuto website.
Visitors will be able to pay for the NFTs with both fiat (credit, debit cards) or cryptocurency.
The Tesla CEO’s statement about DOGE payments appears to have caused an 8% surge in the price of the joke coin. “An active Twitter Blue subscription grants you access to premium services like Undo Tweet.” Musk hinted that “paying in doge” could be one of Twitter Blue’s payment options.
Elon Musk, CEO of Tesla, is becoming increasingly interested in the satirical cryptocurrency Dogecoin. This week, Musk’s tweet lifted the price of Dogecoin again. Following a week in which Elon Musk became Twitter’s largest shareholder, the Tesla CEO asked this week that Dogecoin be included as a payment option for the Twitter Blue membership service.
Image Source: The Economic Times
The Tesla CEO’s statement on DOGE payments resulted in an 8 percent boost in the price of the meme coin following the tweet, according to Coinmarketcap data provided by ET.
Since acquiring a 9.2 percent stake in the company, Elon Musk has been actively engaging Twitter users on potential upgrades to the social media network, and he has committed to making significant additions to the platform.
Musk has been tweeting about one of the concepts he has described, the authentication tickmark. Elon Musk proposed that anyone who signs up for Twitter Blue, a $3-per-month membership club, receive an authenticating tickmark.
In a similar vein, a user requested that the charge in Argentina be reduced to $3, where a family of four may eat for $3. Musk concurred, saying that it “should be commensurate to affordability and in local currency.” In addition, Musk hinted that “paying in doge” could be one of Twitter Blue’s payment alternatives.
Twitter Blue, which debuted in June 2021, was the company’s first monthly subscription service. It is now available in the United States, Canada, Australia, and New Zealand. “An active Twitter Blue subscription grants you access to premium services such as Undo Tweet,” Twitter stated. Blue subscribers also have 20 seconds before their tweets are sent to alter them.
Elon Musk confirmed the cost of Twitter Blue, which includes the authentication tickmark, saying, “Price should probably be around $2/month, but paid 12 months upfront & account doesn’t get a checkmark for 60 days (watch for CC chargebacks) & banned with no refund if used for scam/spam.”
He also stated that if a user cancels his or her subscription, the tickmark “should go away otherwise scammers would game the system by signing up for only a few months.” Musk said that the authentication marking “should be distinct from [a] ‘public figure’ or ‘official account’ checkmark.”
Also read: BlackRock’s latest investment opens the door to Wall Street for digital assets
Hünenberg, Switzerland, 19 March 2022, ZEXPRWIRE, Subscriptions are an integral part of modern life. Digital subscriptions are increasingly common as more people get content from various subscription channels, unlike the past few decades where cable TV was the default source. Accordingly, the need to support crypto payment for Netflix and other subscription services is on the rise, even timely.
Revuto is a subscription management platform on Cardano that aims to add efficiency and control to the payment of subscriptions. They are now joining hands with Genius Yield, an equally innovative order-book DEX launching on Cardano to fast-track the adoption of DeFi services. While both protocols would support each other’s ecosystem, a standout benefit would be paying for Netflix, Apple TV, Amazon, DSTV, and other subscription services using Genius Yield’s GENS and other Cardano tokens. It is a vital support allowing users to take control of their spending, save money, while also earning cashback in Revuto’s REVU tokens. Meanwhile, it will be possible for users to earn GENS by staking REVU via the ISPO in the Revuto Staking Center.
Streaming services can be annoying with their subscription models for all their quality content. You have probably heard a friend or relative furious over the billing policies of one of their subscriptions. The problems range from difficulties in cancellation, automatic renewal, and other communication-related issues.
The fundamental issue with most subscriptions is that they rely on credit cards or bank payments. Once you sign up and agree to terms that most people never read, the subscription service can automatically deduct from your bank account.
Revuto introduces the concept of a virtual debit card to grant users more control over subscription payments, allowing users to pay with Cardano and its tokens. The idea is to have a decentralized application that users can utilize to manage their subscriptions. This virtual debit card is operationalized as a decentralized application (dApp) that runs on the Cardano blockchain.
Here is a summary of how the subscription management app will work:
The real prize is your ability to block, snooze, and generally control payments to your subscription service. This versatility allows the account holder to prevent unwanted subscription charges that make subscriptions more expensive than what you signed up for. Besides, you don’t have to cancel the subscription when you want to snooze payments for a while before resuming.
Revuto achieves its high performance because it launches from a robust layer, built from the ground up with the intention of being inherently scalable. The Cardano crypto blockchain is the handiwork of Ethereum co-founder Charles Hoskinson and a team of developers who sought to create a high-functionality and research-based network.
Accordingly, Cardano is an excellent host for decentralized systems and applications. The rise of Decentralized Finance (DeFi) bodes well for this bespoke blockchain and its native coin, ADA. The protocol has significantly higher throughput than Ethereum, implementing a unique architecture with different settlement and computation layers. Accordingly, smart contract execution does not clash with transactions, as is the case for Ethereum.
Using Cardano blockchain, this utility has allowed an integrated decentralized hub like Genius Yield, SundaeSwap, and others to thrive. Its efficiency and increasing stature in the DeFi sector fit well with services that offer a secure and fast settlement.
Meanwhile, with Revuto in the picture, users can make payments efficiently and leverage recurring payments with REVU and get extra services for money management. Revuto received three million early sign-ups for dApp, with hundreds of thousands of users worldwide. These numbers bode well for an upcoming Fintech startup earning Revuto accolades like the award for the fastest-growing consumer product at the recent World Blockchain Summit in Dubai.
The ability to pay for your subscriptions in Cardano tokens is revolutionary. Bitcoin has struggled to gain traction as a medium of exchange for all its popularity. This utility application provides a real-world use for cryptocurrency.
Revuto is looking to make its app a wholesome product. Soon, users will be able to exchange fiat and crypto in real-time and other decentralized finance services like lending and borrowing. Overall, the subscriptions management platform will provide a mobile-friendly and excellent decentralized finance management tool. The decision to launch on the Cardano blockchain is a testament to this vision. Revuto has a native Cardano mobile and non-custodial wallets with plans to add their custodial wallet to augment user experience.
The world is trending online by the year. This trend is likely to manifest in the subscriptions and billing management sector, with the global market estimated to grow from about $3.9 billion today to $7.4 billion in 2027. The accelerated growth of digital streaming services is the biggest growth driver. it is the golden age for streaming with more potential in developing markets
There is excellent potential for a subscriptions management tool with such a market size. There will be tens, even hundreds of millions more people joining this demographic in the next few years. Accordingly, Revuto is entering the scene strategically for all stakeholders.
Cryptocurrency and the blockchain launched on the fundamental premise that consumers need more control of their finances. This idea is relevant in countless fields. Subscriptions fall in this category because some services are downright abusive in their billing policies. Genius Yield and Revuto take the tenets of decentralization and user empowerment in these industries and seek to transform how consumers relate to subscription services. There is a great need for such services. By forming a fitting coalition, Genius Yield and Revuto will likely reap from the appreciation users will have for such convenience.
Media Contact
Company Name :- Genius Yield
Email Id :- [email protected]
Company Website :- https://www.geniusyield.co/
PR Partner
The post How to Pay Netflix and Apple TV Subscriptions using Cardano Tokens appeared first on Zex PR Wire.
HÜNENBERG, SWITZERLAND, March 18, 2022 (GLOBE NEWSWIRE) — Subscriptions are an integral part of modern life. Digital subscriptions are increasingly common as more people get content from various subscription channels, unlike the past few decades where cable TV was the default source. Accordingly, the need to support crypto payment for Netflix and other subscription services is on the rise, even timely.
Revuto is a subscription management platform on Cardano that aims to add efficiency and control to the payment of subscriptions. They are now joining hands with Genius Yield, an equally innovative order-book DEX launching on Cardano to fast-track the adoption of DeFi services. While both protocols would support each other’s ecosystem, a standout benefit would be paying for Netflix, Apple TV, Amazon, DSTV, and other subscription services using Genius Yield’s GENS and other Cardano tokens. It is a vital support allowing users to take control of their spending, save money, while also earning cashback in Revuto’s REVU tokens. Meanwhile, it will be possible for users to earn GENS by staking REVU via the ISPO in the Revuto Staking Center.
Streaming services can be annoying with their subscription models for all their quality content. You have probably heard a friend or relative furious over the billing policies of one of their subscriptions. The problems range from difficulties in cancellation, automatic renewal, and other communication-related issues.
A Blockchain-Based Subscription Service
The fundamental issue with most subscriptions is that they rely on credit cards or bank payments. Once you sign up and agree to terms that most people never read, the subscription service can automatically deduct from your bank account.
Revuto introduces the concept of a virtual debit card to grant users more control over subscription payments, allowing users to pay with Cardano and its tokens. The idea is to have a decentralized application that users can utilize to manage their subscriptions. This virtual debit card is operationalized as a decentralized application (dApp) that runs on the Cardano blockchain.
Here is a summary of how the subscription management app will work:
The real prize is your ability to block, snooze, and generally control payments to your subscription service. This versatility allows the account holder to prevent unwanted subscription charges that make subscriptions more expensive than what you signed up for. Besides, you don’t have to cancel the subscription when you want to snooze payments for a while before resuming.
The Cardano Blockchain Provides Base Support
Revuto achieves its high performance because it launches from a robust layer, built from the ground up with the intention of being inherently scalable. The Cardano crypto blockchain is the handiwork of Ethereum co-founder Charles Hoskinson and a team of developers who sought to create a high-functionality and research-based network.
Accordingly, Cardano is an excellent host for decentralized systems and applications. The rise of Decentralized Finance (DeFi) bodes well for this bespoke blockchain and its native coin, ADA. The protocol has significantly higher throughput than Ethereum, implementing a unique architecture with different settlement and computation layers. Accordingly, smart contract execution does not clash with transactions, as is the case for Ethereum.
Using Cardano blockchain, this utility has allowed an integrated decentralized hub like Genius Yield, SundaeSwap, and others to thrive. Its efficiency and increasing stature in the DeFi sector fit well with services that offer a secure and fast settlement.
More Than Just Subscriptions Management
Meanwhile, with Revuto in the picture, users can make payments efficiently and leverage recurring payments with REVU and get extra services for money management. Revuto received three million early sign-ups for dApp, with hundreds of thousands of users worldwide. These numbers bode well for an upcoming Fintech startup earning Revuto accolades like the award for the fastest-growing consumer product at the recent World Blockchain Summit in Dubai.
The ability to pay for your subscriptions in Cardano tokens is revolutionary. Bitcoin has struggled to gain traction as a medium of exchange for all its popularity. This utility application provides a real-world use for cryptocurrency.
Revuto is looking to make its app a wholesome product. Soon, users will be able to exchange fiat and crypto in real-time and other decentralized finance services like lending and borrowing. Overall, the subscriptions management platform will provide a mobile-friendly and excellent decentralized finance management tool. The decision to launch on the Cardano blockchain is a testament to this vision. Revuto has a native Cardano mobile and non-custodial wallets with plans to add their custodial wallet to augment user experience.
Forecasting Growth in The Subscriptions Sector
The world is trending online by the year. This trend is likely to manifest in the subscriptions and billing management sector, with the global market estimated to grow from about $3.9 billion today to $7.4 billion in 2027. The accelerated growth of digital streaming services is the biggest growth driver. it is the golden age for streaming with more potential in developing markets
There is excellent potential for a subscriptions management tool with such a market size. There will be tens, even hundreds of millions more people joining this demographic in the next few years. Accordingly, Revuto is entering the scene strategically for all stakeholders.
Looking Forward
Cryptocurrency and the blockchain launched on the fundamental premise that consumers need more control of their finances. This idea is relevant in countless fields. Subscriptions fall in this category because some services are downright abusive in their billing policies. Genius Yield and Revuto take the tenets of decentralization and user empowerment in these industries and seek to transform how consumers relate to subscription services. There is a great need for such services. By forming a fitting coalition, Genius Yield and Revuto will likely reap from the appreciation users will have for such convenience.
Streaming television service Sling TV — a subsidiary of Dish Network Corp. (NASDAQ:DISH) — will accept cryptocurrencies such as Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE) and Ethereum (CRYPTO: ETH) for payment of monthly subscriptions.
What Happened: Dish Network announced on Twitter that Sling TV has partnered with cryptocurrency payment provider BitPay to accept cryptocurrency payments for subscriptions.
Customers can now use @BitPay to pay for their @Sling subscription with their preferred cryptocurrency. Learn more: https://t.co/hXAbrIhifL. pic.twitter.com/pJ7HXIVyy5
— DISH News (@DISHNews) February 18, 2022
Sling TV will accept seven different cryptocurrencies — including self-described “Dogecoin killer” Shiba Inu (CRYPTO: SHIB) — and five stablecoins for payments.
The cryptocurrency payment option is currently available only to users with an existing monthly subscription. New subscribers must pay with traditional payment methods to activate their accounts.
See Also: How To Buy Dogecoin (DOGE)
Why It Matters: Sling TV said that the cryptocurrency payment option brings “choice and convenience to its check-out process.” The streaming video-on-demand company competes with the likes of the Walt Disney Company (NYSE:DIS)-owned Hulu.
Several major companies now accept Dogecoin and Shiba Inu as payment for their products and services.
Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk — a big proponent of Dogecoin — said on Saturday that the electric vehicle maker will accept Doge payment at its Santa Monica supercharging station.
Price Action: Dish Network shares closed 3.1% lower in Friday’s regular trading session at $28.96.
Dogecoin is down 9.4% during the past 24 hours, trading at $0.1262 at press time.
Read Next: So Much For Recovery: Bitcoin, Ethereum, Dogecoin Drop As Troops, Tanks Seen In Eastern Ukraine
Popular meme coin, Dogecoin, has witnessed a new addition to the list of firms accepting it as a payment method.
According to available information, Sling TV has announced that it is partnering with crypto service provider BitPay, to accept crypto payment. This means that users can subscribe to the streaming service using crypto payment options.
Customers can now use @BitPay to pay for their @Sling subscription with their preferred cryptocurrency. Learn more: https://t.co/hXAbrIhifL. pic.twitter.com/pJ7HXIVyy5
— DISH News (@DISHNews) February 18, 2022
Sling TV is a US-based streaming service owned by Dish Network and has over 2 million subscribers in the United States.
The firm’s addition of crypto payment option also means that the firm would accept payment through Litecoin, Bitcoin, Ethereum, Bitcoin Cash, Wrapped Bitcoin, and Shiba Inu. It would also accept 5 USD-pegged stablecoins, including GUSD, USDP, BUSD, DAI, and USDC.
Presently, the crypto option would only be available to existing users as new subscribers have to first sign up for the service using American dollars. However, subsequent renewals can be made via crypto.
Also, users cannot automate their crypto payment presently. Instead, they’ll have to make a manual repayment each time the existing one expires. The manual prepayment option ranges between one to six months, so users don’t need to renew every month if they don’t want to.
Sling TV has also set up a support page that provides users with all the necessary information about paying in crypto. The comprehensive page will guide users through the process of making payments. In addition, it will help to reduce any errors that are likely to arise for first-time users of this technology.
Sling TV’s decision to support crypto payments is part of its desire to give users more flexibility and ease of use.
Apart from Sling TV accepting Dogecoin, Elon Musk also confirmed that Tesla will soon be accepting Dogecoin for its charging stations in the future. The carmaker is already one of the few institutions that accept DOGE payments for its products.
The growing acceptance of Dogecoin is yet to tell on its price, which is currently trading at $0.1385 after a 0.4% rise in the last 24 hours. During the last seven days, the asset’s value has dropped by over 7%.
