Kim Dotcom announces new Bitcoin venture for content uploaders to earn money

Dotcom did not provide details on how Bitcontent would differ from existing Bitcoin operations.

WELLINGTON: Controversial New Zealand-based Internet mogul Kim Dotcom plans to launch a Bitcoin payments 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 US law enforcement on copyright and money laundering allegations related to his now-defunct streaming site Megaupload, announced his new venture called 'Bitcontent' in a video posted on YouTube this week.