S.L. Benfica Football Club and UTRUST Partner to Accept Cryptocurrency Payments

Portugal’s most decorated football club, S.L. Benfica, has announced a partnership with the UTRUST payment platform to become the first of its kind to accept cryptocurrency as a payment method. Benfica said the decision to accept cryptocurrency payments is designed to expand global audiences and upgrade its e-commerce strategy. Supporters will now be able to…

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BUX and ABN AMRO Clearing Partner on Blockchain-Powered Stocks Investment Mobile App

Global securities services provider ABN AMRO Clearing has signed a contract to provide European mobile investment platform BUX with blockchain technology for a forthcoming commission-free stock trading mobile app. The news was revealed in a BUX news release on May 29. According to the news release, ABN AMRO Clearing processed 3.79 billion trades in 2018,…

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World’s Oldest Watch Manufacturer to Use Blockchain for Tracking Timepieces

Swiss luxury watch and clock manufacturer Vacheron Constantin will start using blockchain technology to track its timepieces, lifestyle magazine Robb Report reported on May 24. Founded in 1755, Vacheron Constantin is recognized as the world’s oldest watch manufacturer. The company plans to issue a paper and digital certificate to each of its vintage watches, and…

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eBay Teases Crypto Expansion

Popular e-commerce provider eBay has released promotional materials suggesting that its is ready to accept “virtual currencies” and offer “digital collectibles.” The ads have appeared at Consensus 2019, a cryptocurrency and blockchain summit taking place this week in New York. In addition to hinting that eBay will soon offer support for cryptocurrencies, they feature claims…

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Singapore Regulator Recognizes Potential of Blockchain for Cross-Border Payments

Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS), said that blockchain has potential for cross-border payments but the agency “does not see much” in retail bank digital currencies. Mohanty delivered his comments at the Blockchain in Business event at the Massachusetts Institute of Technology on May 2. Mohanty revealed that back…

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