Controversial New Zealand-based internet mogul Kim Dotcom plans to launch a bitcoin payment system for users to sell files and video streaming as he fights extradition to the United States for criminal copyright charges.
The German-born entrepreneur, who is wanted by U.S. law enforcement on allegations of copyright infringement and money laundering related to his now-defunct streaming site Megaupload, announced his new venture, Bitcontent, in a video posted on YouTube this week.
"You can create a payment for any content that you put on the internet. ... You can share that with your customers, with the interest community and, boom, you are basically in business and can sell your content," Dotcom said in the video.