BandPay provides an app that allows musicians, producers, and other professionals in the industry to assign milestones to a project, for which funds are held until a given milestone is met by the mutually agreed upon deadline and services are delivered. At launch, BandPay will already offer creatives a broad set of customizable tools to let them establish agreements that lock payment to agreed-upon milestones. As these milestones are met, guaranteed funds are paid out.
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