Terra Signs Music Streaming Platform to Crypto Payments Alliance

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Terra has added another partner to its payment provider alliance.The Singapore-based, South Korean-focused blockchain provider and stable coin issuer has agreed to work with Bugs, a South Korean music streaming service. Bugs is the latest addition to the Terra Alliance, a group of ecommerce companies for which Terra provides payment services.Terra now has 25 partners in the grouping, including some of the largest ecommerce players in the region, and has ambitions to become the PayPal of Asia or even the next Alipay.The latest partnership will allow Bugs customers to pay for their song purchases using Terra. The company says that the arrangement is the first of its kind between a major music streaming service and a blockchain payments platform.Bugs, which has 5.8 million songs available for users, was founded in 2002. Formerly known as Neowiz, it was acquired by NHN Entertainment in 2015. The company is listed on the Kosdaq,…

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