Music streaming service Grooveshark has recently announced the acceptance of Bitcoin to pay for subscriptions.
Posts on Reddit indicated Groove Shark is using Stripe to process Bitcoin payments with direct conversion into USD.
Groove Shark Screen Shot
Groove Shark’s term of service indicates how Bitcoin will be used:
If you decide to use Bitcoin as your choice of payment, please be aware that Bitcoins are instantly converted to currency (USD) at the time of purchase, so any refunds will be in the same value of USD at the time of purchase but not necessarily the same number of Bitcoin (if the exchange rate has changed).
Grooveshark has a search engine, streaming services and recommendation application. Users can stream and upload music that can be played immediately or added to a playlist. Grooveshark’s catalog streams over 1 billion sound files per month, contains over 15 million songs and has 20 million users.
Users can search and find music by song, artist, album, browsing friends’ recent activity, and even through other users’ playlists. As of January 2012, Grooveshark employs over 130 people, with nearly 100 working in its headquarters in Gainesville and others in New York City. Grooveshark was founded in March 2006 by three undergraduates at the University of Florida.
Find more about Grooveshark on their website.