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   804

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.

MEW to Launch KYC-less Crypto Withdrawal

Service is available in Euro and Francs to all bank account holders with an international bank account number (IBAN)
21 February 2019   77

MyEtherWallet, a popular cryptocurrency wallet, in collaboration with the Swiss company Bity, introduced the Fiat service, which allows you to exchange digital assets for euros and Swiss francs without verification.

It is noted that the service is available to all bank account holders with an international bank account number (IBAN).

Bity is able to offer this kind of KYC-less Exit-to-Fiat gateway because it is compliant with the Swiss Anti Money Laundering Ordinance (AMLA). This, along with technology that helps verify proof of wallet-ownership, allows Bity to realize the friendliest kind of user experience — frictionless, secure AND regulatory compliant.
 

MyEtherWallet Team

To use Exit-to-Fiat, the user must specify Bity as the service provider in the asset exchange section. You will also need to provide a phone number, bank account details and a billing address.

This information is transmitted to Bity to comply with legal requirements and is not stored by MyEtherWallet.

The maximum transaction size is limited to 5,000 francs (about $ 5,000).