United Colors of Benetton to Accept Crypto

Now clients can buy United Colors of Benetton clothes in Lithuania for Bitcoins, Ethers, Dash and Steem
30 March 2018   446

The Lithuanian division of United Colors of Benetton announced the beginning of acception of bitcoin and other cryptocurrencies as a method of payment. In the future, the company believes, this option will be available in stores around the world, reports Trustnodes.

In addition to bitcoin, users can now pay with Ethereum, Dash, Nem and Steem in the stores of United Colors of Benetton in Vilnius. Processing support is provided by CopPa.

 In the future, payment by cryptocurrency will be available everywhere. We are pleased to announce that United Colors of Benetton in Vilnius are the first who will accept cryptocurrencies. We would like to support the idea of freedom and variety of different payment possibilities. Lithuania is already joining the world trend of money digitalization. Lithuanians actively contribute to the development of the crypto-infrastructure. Now you can pay with cryptocurrency in many restaurants, shops, boutiques, barbershops, computer services and fitness centers in Vilnius.
 

Arturas Zuokas

Co-owner,  Lithuanian franchise of United Colors of Benetton

Earlier this week, the Lithuanian processing unitary company Coingate signed an agreement with the e-commerce application Prestashop. The partnership will allow more than 80 thousand European shops to accept bitcoin and other crypto-currencies for payment.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.