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   1402

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.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   94

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.