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Swiss Watchmaker TAG Heuer Now Accepts Cryptocurrency in US

23/05/2022 by Idelto Editor

Swiss Watchmaker TAG Heuer Now Accepts Cryptocurrency in US

Luxury watch manufacturer TAG Heuer announced it’s introducing online cryptocurrency payments for customers in the United States. The Swiss company provides the new payment option through a partnership with crypto payment processor Bitpay.

Tag Heuer Partners With Bitpay to Offer US Clients Bitcoin Payments

Designer and maker of luxury timepieces TAG Heuer is now accepting crypto for its high-quality products. Techniques d’Avant Garde (TAG), founded over a century and a half ago by Edouard Heuer in Switzerland, said this week that clients within the U.S. will be able to purchase its watches and accessories online with multiple coins. The company explained the move in a press release:

With an increasing number of customers using or earning digital currencies regularly, TAG Heuer intends to be a key player in the imminent transformation of the e-commerce and retail spaces.

The alternative payment method is facilitated by the crypto payment platform Bitpay. Buyers can spend a dozen cryptocurrencies, including bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), and dogecoin (DOGE), as well as five stablecoins. They will be able to pay up to $10,000 per transaction with no minimum spending requirements.

“We have been following cryptocurrency developments very closely ever since bitcoin first started trading,” TAG CEO Frédéric Arnault was quoted as stating. “As an avant-garde watchmaker with an innovative spirit, we knew TAG Heuer would adopt what promises to be a globally integrated technology in the near future despite the fluctuations,” the executive added.

Atlanta, Georgia-based Bitpay provides companies with a payment gateway service allowing businesses to integrate cryptocurrency payments on their platforms. “We are excited to see global brands such as TAG Heuer investing in the crypto space and seeking the support of Bitpay to adapt their digital platforms to the rapid transformation of e-commerce,” said Stephen Pair, co-founder and CEO of Bitpay.

A pop-up window now greets visitors on Tag Heuer’s U.S. website, informing them that the company already accepts cryptocurrency. To spend their digital coins, they will have to click ‘Bitpay’ during the checkout and select their preferred crypto.

Do you expect cryptocurrency payments to continue to spread despite the current market downturn? Tell us in the comments section below.

Filed Under: Accessories, Bitcoin Payments, BitPay, crypto, crypto payments, Cryptocurrencies, cryptocurrency, English, Luxury, News, News Bitcoin, partnership, payment gateway, swiss, Switzerland, TAG Heuer, U.S., US, watch, Watches

Bitcoin Miner Mawson Inks Hosting Deals With Celsius Mining and Foundry Digital

05/03/2022 by Idelto Editor

Bitcoin Miner Mawson Inks Hosting Deals With Celsius Mining and Foundry Digital

The bitcoin mining operation Mawson Infrastructure Group (MIGI) has started to make hosting deals with key players in the mining industry. On March 1, Securities and Exchange Commission (SEC) documents show that Mawson signed a 100-megawatt (MW) co-location agreement with Celsius Mining. Three days later, Mawson announced a 12-megawatt (MW) co-location deal with Foundry Digital.

Mawson Signs Co-Location Deals With Celsius Mining and Foundry Digital


Mawson Infrastructure Group is making moves within the bitcoin mining industry as the company has recently partnered with Celsius Mining and Foundry Digital. Bitcoin.com News has reported on the bitcoin mining operation Mawson in the past when the firm acquired 11,760 next-generation A1246 ASIC Avalonminers from Canaan.

Just prior to the mining equipment acquisition, Mawson rebranded and changed the company’s name from Wize Pharma to Mawson Infrastructure Group. The company rebranded at the end of March 2021 and at the time, Mawson CEO James Manning said the move toward bolstering digital asset infrastructure globally was similar to the explorer and geologist Sir Douglas Mawson’s Antarctic exploration.

On March 1, 2022, Mawson inked a deal with Celsius Mining, the crypto lending firm Celsius Network’s mining subsidiary. SEC documents show Celsius Mining will provide a mining facility in order to host the 100-megawatt (MW) co-location.

“The industry is experiencing a shortage of energy and energy infrastructure — having focused as a business on ‘Infrastructure First’ long ago, this enables us to take on strategic customers in our hosting co-location business,” Mawson’s CEO Manning said in a statement. “Demand and inbound [inquiry] for hosting continue to rise, and we look forward to updating stockholders on this front further in due course.”

After Mawson inked the deal with Celsius Mining, the company announced a partnership with Foundry Digital LLC. Mawson’s announcement said that the “12-megawatt hosting customer [is] to have first mining hardware units online end of Q1, 2022.”

The company plans to deploy the mining rigs inside its “proprietary Modular Data Centre (MDC) technology at its facilities in the United States.” Foundry operates the mining pool Foundry USA, which has been the top mining pool in terms of hashrate for most of 2022.

What do you think about Mawson’s co-location mining deals with Foundry and Celsius? Let us know what you think about this subject in the comments section below.

Filed Under: 100 megawatt, 12 megawatt, Bitcoin, Bitcoin (BTC), bitcoin-mining, BTC Mining, Canaan, Celsius Mining, Deal, English, foundry digital, James Manning, Mawson, Mawson Infrastructure Group, MIGI, Mining, mining bitcoin, Mining BTC, News Bitcoin, partnership, SEC, Sir Douglas Mawson

Stattrak Launches Bitcoin Rewards For Fantasy Esports With ZEBEDEE Partnership

17/02/2022 by Idelto Editor

Esports fantasy league mobile platform Stattrak teams up with bitcoin gaming company ZEBEDEE to launch BTC rewards.

  • Stattrak partnered with ZEBEDEE to integrate the Lightning network to achieve low-cost and efficient bitcoin payments.
  • Stattrak is a free-to-play, play-to-earn mobile platform for fantasy esports that pays in bitcoin.
  • ZEBEDEE is a fintech services company focused on providing Bitcoin services for the gaming industry.

Strattrak, a mobile platform for play-to-earn fantasy esports, has launched bitcoin rewards with ZEBEDEE, a fintech developer that focuses on integrating Bitcoin economies into virtual worlds, according to a press release sent to Bitcoin Magazine.

“Stattrak’s mission is to deliver a great experience to passionate fans of esports with exciting new ways to engage via fantasy leagues,” says Rafael Augusto, founder and CEO of Stattrak per the release.

Free-to-play Stattrak allows anybody to participate at no cost, and the opportunity to earn bitcoin following the most well-known players in the world’s largest esports games like League of Legends and CS:GO.

“With our new ZEBEDEE integration and play-to-earn capabilities, fans can now be rewarded for their love of watching the world’s top League of Legends and CS:GO leagues compete,” Augusto continued.

Through the Lightning network, a second-layer scaling solution used for bitcoin micropayment transactions, ZEBEDEE integrates bitcoin payments efficiently and at a low-cost. This allows the users to receive real-time bitcoin rewards during each round without a pay wall, rather than having to wait for the entire game to finish.

“We’re excited to see how quickly Stattrak was able to launch Bitcoin gaming capabilities for its players, with the actual implementation taking just a few days,” stated Simon Cowell, CEO of ZEBEDEE.

Play-to-earn games are on the rise, and Bitcoin is positioned well to fuel the rise of digital economies. Cowell had this to say on rising Bitcoin backed virtual economies in the fantasy league space.

“It is exciting to see Bitcoin gaming taking off globally and entering a brand new space with fantasy esports. Fantasy leagues are already a lot of fun, but adding the element of real Bitcoin rewards for users makes it even more exciting and engaging for Stattrak’s growing community.”

Strattrak’s mobile app is available via iOS or the Google Play store.

Filed Under: Bitcoin, Bitcoin Magazine, bitcoin rewards, business, English, News, partnership, Stattrak, zebedee

Red Bull Racing Partners With Bybit, F1 Team Says It’s the ‘Largest per Annum Crypto Sports Deal to Date’

16/02/2022 by Idelto Editor

Red Bull Racing (RBR) has announced the cryptocurrency exchange platform Bybit has joined RBR as a principal team partner. According to the announcement, RBR says the deal is the “largest per annum cryptocurrency sports agreement to date.”

Red Bull Racing and Crypto Exchange Bybit Ink Multi-Year Deal

On February 16, 2022, the Formula One racing team Red Bull Racing (RBR) revealed the firm now has a cryptocurrency-centric principal team partner. RBR has partnered with the exchange Bybit, and the deal is a multi-year agreement that allows Bybit to be a “top tier ally behind Title Partner Oracle.” The announcement notes that the partnership is aimed at bolstering “fan engagement with scope for digital asset creation and social tokens in future.”

Christian Horner, Oracle RBR’s team principal, said the team is delighted to welcome the crypto trading platform. “It’s fitting too that, as we enter a new generation of competition of F1 in 2022, with an advanced and potentially game-changing new philosophy of cars taking to the track, that Bybit also exist at the cutting edge of technology,” Horner said in a statement. “They share the Team’s passion to exist at the forefront of technological innovation, to set the competitive pace and to disrupt the status quo,” he added.

Bybit to Manage ‘Crypto-Literacy’ and ‘Token Issuance’ Initiatives

Bybit is not the only crypto exchange that has made a deal with a Formula One (F1) racing team. At the end of September 2021, FTX inked a long-term deal with the Mercedes-AMG Petronas F1 team. FTX said at the time that the partnership with the Mercedes-AMG Petronas F1 team would “span multiple race seasons.” As far as the Bybit and RBR F1 team’s collaboration is concerned, the exchange will also be RBR’s tech incubator partner.

“Bybit will work with the team on a range of crypto-inspired initiatives from crypto-literacy to promoting the growth of green technologies,” RBR’s announcement notes. “The partners will also engage in the promotion of sustainability, diversity, STEM careers and recognition and support for women in blockchain as well as to introduce coding to new audiences.”

The trading platform will help RBR distribute its “growing digital asset collections” as a fan token issuance partner. The announcement hints that at some point in time, Red Bull Racing could issue a crypto asset fan-based token with help from Bybit.

“As a young platform we connect with Oracle Red Bull Racing at the core of our values,” Ben Zhou, the co-founder and CEO of Bybit explained. “Age doesn’t matter, hierarchy is of no significance, and legacy is not what is passed to you but what you make.”

What do you think about Bybit partnering with Red Bull Racing? Let us know what you think about this subject in the comments section below.

Filed Under: ben zhou, bybit, Bybit Agreement, Bybit Exchange, Christian Horner, English, f1, F1 Team, F1 Teams, Finance, Formula One, FTX, long term deal, Mercedes-AMG Petronas F1, multi-year deal, News, News Bitcoin, Oracle RBR’s team principal, Oracle Red Bull Racing, partnership, RBR, Red Bull, Red Bull Racing, team principal, tech incubator partner, token issuance partner

Laos to Study Digital Currency With Help From Japanese Fintech, Report Reveals

03/10/2021 by Idelto Editor

Laos to Study Digital Currency With Help From Japanese Fintech, Report Reveals

The central bank of Laos intends to explore issuing its own digital currency, according to a media report that provided details on the plan. A study on the matter will commence soon and will be conducted with the support of a fintech startup based in Japan.

Central Bank of Laos Joins Race to Develop Digital Fiat

The Bank of the Lao People’s Democratic Republic is going to launch the study focused on the development of a central bank digital currency (CBDC) as early as this month, Nikkei Asia unveiled on Sunday. The monetary authority has employed the Japanese fintech firm Soramitsu which was involved in a similar project in neighboring Cambodia.

The report of the collaboration comes out after Laos recently signed a memorandum of understanding with the Japan International Cooperation Agency. Soramitsu, a company specializing in blockchain finance, took part in the establishment of the Bakong digital payment system in Cambodia designed to reduce the country’s dependence on the U.S. dollar.

The Bakong payment application has been downloaded by 200,000 users since it was presented to the public. The app can be used to pay for goods and services at 2,000 stores in Cambodia while Soramitsu and other fintech entities are working to further expand the coverage of the digital payment platform across the nation.

The Laos study, assisted by the Japanese startup, will assess the role of commercial banks and other financial intermediaries as well as the country’s needs in terms of financial inclusiveness. If authorities in Vientiane eventually decide to issue a state-controlled digital currency, Soramitsu is going to play a role in its actual development, too.

A digital version of the Laotian kip would improve the government’s ability to gather data needed to “take the pulse of the economy” and better track the amount of money in circulation, Nikkei noted. The move comes as the regional powerhouse, China, advances with its digital yuan project and some neighbors want to prevent excessive yuan inflows into their economies by launching their sovereign digital currencies. Laos, a landlocked country in Southeast Asia, borders the People’s Republic which is its second-largest trading partner after Thailand, according to the World Bank.

Laos to Study Digital Currency With Help From Japanese Fintech, Report Reveals

While the Chinese CBDC is mostly tested domestically at this stage, Beijing is likely to promote it as a tool for international transactions, sooner or later. China is already working with Thailand, and UAE on a project led by the Bank for International Settlements (BIS) Innovation Hub. Its special administrative region of Hong Kong announced in June it wants to connect its domestic payments system with the e-CNY infrastructure to trial the digital currency in cross-border scenarios.

Besides the People’s Bank of China, dozens of central banks around the world are currently working to develop and launch CBDCs. These include the U.S. Federal Reserve, Bank of Russia, and the European Central Bank. In Asia, Bhutan and U.S.-based blockchain firm Ripple announced last month their partnership on a pilot digital currency project. The tiny Himalayan kingdom, which also borders China, plans to experiment with the digital version of the national fiat currency, the ngultrum, on Ripple’s private ledger.

Do you expect more Asian countries to start exploring options to issue national digital currencies? Tell us in the comments section below.

Filed Under: Bakong, Blockchain, Cambodia, CBDC, Central Bank, China, Company, Currency, Digital Currency, Digital Yuan, e-CNY, English, fiat currency, Fintech, Firm, Japan, japanese, laos, Laotian, Laotian kip, memorandum, News, News Bitcoin, partnership, Payments, pilot, private ledger, project, Ripple, Soramitsu, startup, study, Test, transactions, Trial

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