Kanye West inspired Bitcoin rival Coinye West set for launch later this month

Makers of product aiming to make it "easier for people to use cryptocurrency."

Photo: Next Previous

Photo Gallery: Kanye West

A new online crytocurrency named after Kanye West is set to launch later this month.

The currency, named Coinye West, will work in a similar fashion to other cryptocurrencies such as Bitcoin. Effectively an online form of money, cryptocurrency crossed over into the mainstream in 2013 when Bitcoins were valued as highly as £600 each. The makers of Coinye West has no official affiliation with Kanye West.

The creators or Coinye West are choosing to remain anonymous for the time being, worried they will "piss off" the 'Yeezus' rapper, but will launch their currency on January 11. Speaking to Noisey, a spokesperson for the new cryptocurrency said the people behind the project hope to make it "easier for people to use cryptocurrency."

"We chose to represent Kanye because he is and always has been a trendsetter, and he’s always keeping things unique," the creators add. "I can picture a future where Coinye is used to buy concert tickets, with cryptographically verified virtual tickets, and other ideas I can’t give away just yet."

The creators of Coinye West are also hopeful that they will get the official backing of West, offering him 100,000 coins if he name checks their currency. "We'd love if Kanye named dropped Coinye. I think he's gonna love that there’s a currency named in his honor. We don't want to pay him off to name check us, but it'd be sick if he does so."

Kanye West has yet to respond to the news of the cryptocurrency.

Meanwhile, West recently promised not to say anything controversial for "six months". Speaking onstage in Toronto in December, the rapper made his final rant of the year, but said it would be the last time he would do so for a while, saying that fans would have to re-listen to old interviews if they wanted to hear "some realness".

Read More On This Artist

Kanye West Merchandise
More News
Robbie Williams to challenge Take That with surprise new solo album
Noel Gallagher says he gets recognised more for 'Gogglebox' appearance than music
Arctic Monkeys alert fans to 'fraudulent promotions' of fake 2015 gig
Roskilde announce Muse, St Vincent and more for 2015 festival
Twin Atlantic postpone gig at Jack Rocks The Macbeth
The Courteeners' Heaton Park gig sells out in under an hour
Bastille team up with Haim on new track 'Bite Down' – listen
Frank Ocean shares new song 'memrise' online – listen
The View announce UK tour, confirm fifth album sessions with Albert Hammond Jr.
Damon Albarn rumoured to be working on new Adele album
Noel Gallagher 'ends texts to Russell Brand with 'Parklife' jibe'
Jennifer Lawrence set to enter UK singles chart with 'The Hunger Games: Mockingjay – Part...
AC/DC reveal guitarist Malcolm Young already showed 'symptoms of dementia' in 2008
Billy Corgan sells 'Fuck You Anderson Cooper' T-shirts in retaliation to CNN snub
Wu-Tang Clan stream new album 'A Better Tomorrow' in full – listen
RZA suggests Wu-Tang Clan's one-off album could be exhibited at Art Basel in Florida
Formula 1 star Lewis Hamilton reveals he is working on new music
Jamie T postpones further European dates due to 'continued illness'
Sky Ferreira unveils new song 'Guardian' – listen
James Blake remixes Gorillaz' 'Feel Good Inc' – listen
Bombay Bicycle Club: U2's album giveaway 'just shows how disconnected they are from...
Jamie T reveals Courtney Barnett influence on latest album 'Carry On The Grudge'

More News

Comments

Please login to add your comment.

Latest Tickets - Booking Now
 
Know Your NME
 

 
NME Store & Framed Prints
Inside NME.COM