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Joined six other Southern European countries in signing an agreement for the advancement of DLT through promotion and legislation.

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Bitcoin supported payment firm Uphold expands presence in Portugal

CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceUphold, a leading digital money platform, announced today the acquisition of Scytale, a digital agency based in Braga, Portugal. Uphold was an early believer in the technology talent to be found in the Portuguese hub around Porto, and the acquisition comes after deciding to further anchor its technology team in Portugal. “This is a great […]https://www.cryptoninjas.net/2019/07/15/bitcoin-supported-payment-firm-uphold-expands-presence-in-portugal/
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Top Portugal Football Club S.L. Benfica Accepts Crypto, in Partnership with UTRUST

International crypto payment solution provider UTRUST has joined hands with the largest Portuguese football club, Benfica, to allow fans to pay for match tickets and official merchandise using cryptocurrency. Trusting Crypto Cryptocurrencies have made it possible for people to pay and transact faster, secure and more economical than ever. The ability to simply send coins and tokens from an electronic wallet to others’ from the comfort of a few clicks is the reason why these digital currencies are so popular. Yet, even with all of the benefits cryptos provide, there are hindrances, especially for ecommerce merchants. With thousands of cryptocurrencies active today, supporting even a fraction of them can be a practical issue. A dedicated payment gateway for accepting cryptocurrencies can be difficult to set up due to lack of necessary skills. Merchants and ecommerce stores still need to liquidate their digital assets and using crypto exchanges can be slow. UTRUST and Benfica Partnership Benfica is the largest Portuguese football club with a massive number of wins and records. It is the most decorated football team in Europe and they are the longest undefeated champions in their country’s Premier League (Primeira Liga). With a fan base of 14,000,000 supporters worldwide, including more than 200,000 within Portugal, the club enjoys a fanbase from all over the world who not only watch their matches, but eagerly collect merchandise from their official website. Partnering with UTRUST, Benfica opens its doors to USD 200,000,000,000+ crypto economy, allowing its fans to get their hands on tickets and official products using their digital tokens and coins. CEO of S.L. Benfica, Domingos Soares de Oliveira was happy that the club had stepped into the digital frontier that is the cryptocurrency realm: “This is an exciting day in the history of S.L. Benfica as we announce our decision to accept cryptocurrency payments. Our benfiquistas make Benfica the unique and special club it is and we recognise that many of our supporters are now digital users first so we want to be ahead of the curve when it comes to adopting novel technologies and giving our supporters the best online experience. We are very excited about the possibilities that this partnership with UTRUST presents in the evolution of our e-commerce strategy and we look forward to accepting our first cryptocurrency payment.” CEO and co founder of UTRUST, Nuno Correia shared the enthusiasm, “This partnership with Portugal’s number one football club marks a major milestone for UTRUST and the blockchain ecosystem as a whole. Benfica is one of the biggest sporting clubs worldwide and we are delighted to be making cryptocurrency payments possible for their 14 million supporters around the world” The partnership means that fans from around the world can now enjoy Benfica by easily getting their hands on match tickets and memorabilia. About UTRUST UTRUST is a crypto payment platform that allows businesses to start accepting crypto payments without the need to invest in an otherwise expensive system. The platform supports major cryptocurrencies, offers instant transaction, buyer protection and immediate crypto to fiat settlements. UTRUST has been approved an SRO to operate as a financial intermediary by self regulated organization VQF, which is in turn an approved entity by the Swiss financial market regulator, FINMA To get your official S.L Benfica merchandise, visit the S.L Benfica Store Disclosure: This is a sponsored article The post Top Portugal Football Club S.L. Benfica Accepts Crypto, in Partnership with UTRUST appeared first on NullTX.
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Portugal: Football Club Benfica Fans Can Now Purchase Tickets and Merchandise with Cryptocurrencies

Portuguese football club Sport Lisboa e Benfica (SL Benfica) has inked a partnership with digital payment solution firm Utrust to allow its users to purchase match tickets and club merchandise with cryptocurrencies, reports Verdict, June 6, 2019. Expanding the Turf for Cryptocurrencies In a massive impetus for the adoption of digital currencies among the masses,Read MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Auchan’s TE-FOOD Blockchain To Expand Its Tracking Tech To France, Portugal, Italy, Spain And Senegal

Auchan, a global retail giant, is set to take its new blockchain solution, TE-FOOD, which can be used to track food around its supply chain, to five new countries. The initiative is an effort to make the transparency of the products sold by the company higher. The company, which is based in France, currently has the 13th largest food retail operation in the world and it works within 17 countries. Right now, the countries that will receive this new solution are Portugal, France, Italy, Spain and Senegal. The FoodChain Technology The solution created by Auchan is called TE-FOOD and it is based in the FoodChain technology, an international traceability ledger. The first country in which the technology was experiment was Vietnam, an important market for FoodChain. The solution was deemed appropriate and now the other five countries will do it. One of the main advantages of using a system like this one is that it uses the immutable ledger of the blockchain technology to tell the whole story of a product which can be read by anyone with the app and a smartphone. The users will be able to scan the QR code of the products and they will check all the history of the product from its cultivation from its transport until it ends up in the supermarket. The data, as it is stored in the blockchain, can be considered authentic as it has to be set at specific parts of the process and cannot be altered. At the moment, TE-FOOD is the largest farm to table food tracking solution ever implemented in Vietnam, which transformed the pilot test of the product in a huge success with the number of over 6,000 clients. Global food giants like AEON, Lotte Mart, CP Group and others are clients of the company in the country and use its technology on their products. Companies Make Similar Move Several companies around the world are following the trend of tracking the food. Another French company, this one even more famous, Carrefour, has revealed that it was using the Hyperledger Fabric blockchain to implement food tracking. The focus would be on tracing poultry products in Spain first but the company was already thinking about other markets. In the United States, it was the retail giant Walmart that announced that it would start tracking leafy greens along their way to the tables of their clients. The initiative is also just starting, but it has the potential to become one of the largest ones in the world. Experts believe that the chances that the retail industry will be helped by the blockchain in the next years are very high and that this technology will greatly help it to overcome many challenges.
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Monolith partners with decentralized finance heavyweights to spend MKR, DGX and DGD anywhere that accepts Visa

Monolith is bringing crypto adoption to the mainstream with a debit card that lets you spend your coins and tokens anywhere in Europe that Visa is currently accepted. The news follows an announcement from UK-based Monolith that they have partnered with MakerDAO and Digix to offer their tokens on the platform. Creating gold for the digital age. pic.twitter.com/Y0FRa5kHiv — Digix (@DigixGlobal) July 1, 2019 The smartphone-based Monolith platform allows you to quickly and easily send and receive cryptocurrencies, including ETH, DAI, TKN, MKR, DGX, and DGD, convert them into fiat currency and pre-load them on to a Visa debit card that is attached to your Monolith account. Mel Gelderman, CEO of Monolith, said MakerDAO and Digix represent high-quality Ethereum decentralized finance projects and are the first in a long set of milestones on Monolith’s roadmap. He said: “We’re thrilled to have had a fantastic response from our beta users and are now ramping up for growth. Rebranding from Tokencard to Monolith has helped us achieve our mission of democratizing finance and bringing the token economy to everyone while providing a unique service to our customers.” Gelderman added: “MakerDAO and Digix are some of the most well-recognized and earliest Ethereum-based projects. For TKN holders, these partnerships mean that MKR, DAI, DGD and DGX are now eligible for use in Monolith. We’re thrilled to offer them on the platform, and see this as the start of bringing many more quality tokens into the Monolith ecosystem. Watch this space.” Self-sovereign banking Monolith means anyone can finally achieve the cypherpunk ideal, of ‘becoming their own bank’, and can effectively live their lives on Ethereum away from big banks and corporations. Once loaded up the Visa debit card can be used at millions of locations across Europe that accept Visa, opening up a world of opportunity for people who want to make a permanent switch to living on cryptocurrencies. You can then spend your cryptocurrencies anywhere Visa is accepted, whether it’s buying drinks, cinema tickets, or anything else you can think of. Tea, Tokens and the Moon landing. Paid for in $ETH with @tokencard_io Best weekend. pic.twitter.com/xeW8obrbzi — Mel 'Monolith' Gelderman (@MelGelderman) August 3, 2019 The service is decentralized and completely non-custodial, with each account holder creating a private seed phrase for their account and having complete control of their finances, allowing them to operate as their own self-sovereign bank. Backing They have the backing of some well-respected figures across the crypto space too, including Rune Christensen, CEO, and founder of MakerDAO. He said: “Monolith’s solution provides a powerful way for token holders to extend the usefulness of their crypto-holdings. Their cards create a critical bridge from the world of DeFi to the more traditional world of retail.” The post Monolith partners with decentralized finance heavyweights to spend MKR, DGX and DGD anywhere that accepts Visa appeared first on CryptoSlate.
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Bakkt Cleared Launch | Bitcoin Bullish News!

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Why is Bakkt Important For Mainstream Adoption of Bitcoin (BTC)?

After a year of repeated postponements, we are finally going to have physically-delivered Bitcoin futures. September 23rd is the day when Bakkt is launching its physically-delivered Bitcoin futures contracts after receiving the green light from the CFTC. “Transparency and trust to digital assets,” is what Bakkt vows to bring to the cryptocurrency industry which is […]
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