S.L. Benfica to Accept Cryptocurrencies

UTRUST, partner of popular Portuguese football club, believes accepting crypto for tickets and merchandise of popular club is a step forward for the industry
07 June 2019   302

The famous Portuguese football club S.L. Benfica will start accepting Bitcoin, Ethereum and UTRUST (UTK) token as a payment option, CoinDesk reports.

Holders of digital assets will be able to buy S.L. Benfica merchandise, as well as match tickets. According to representatives of the football club, this decision was made as part of the modernization of the Internet strategy and with the aim of scaling it to a global level. So, at present, the number of fans of the Portuguese club worldwide has 14 million people.

We recognize 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. 

Domingos Soares de Oliveira
CEO, S.L. Benfica

Representatives of the club also noted that the use of cryptocurrency will avoid various problems with credit cards, including chargebacks and fraudulent payments. On the other hand, the accepted cryptocurrency will immediately be converted into fiat money, which will then be accumulated in the  S.L. Benfica bank account.

We look forward to accepting our first cryptocurrency payment.

Domingos Soares de Oliveira
CEO, S.L. Benfica

Nuno Correia, CEO and co-founder of UTRUST belives partnership with a famous football club is a step forward for financial services using blockchain technologies.

1st Alternative Zcash Client to be Created by Parity

The responsibility for the continued development and support of the new client called Zebra will be with the Zcash Foundation
18 June 2019   126

The leading developer of solutions for the Ethereum ecosystem, Parity Technologies, presented the first alternative client for cryptocurrency Zcash.

A new client called Zebra is designed to improve the security of the Zcash network. So, if the original Zcashd client will not be able to operate for some reason, the blockchain will be supported by nodes on Zebra.

In addition, with the help of an alternative client, developers will be able to identify bugs and eliminate defects in consensus.

The community wins across the board, as there are now more core developers working on clients, with more interests represented and clients taking different approaches on how to build apps on top. Zcash can now boast a more diversified community that can effectively tailor experiences for Layer 2 developers as well as end-users.

Fredrik Harryson
CTO, Parity Technologies

The responsibility for the continued development and support of the Zebra will be with the Zcash Foundation.