Mercedes Buys Bitcoin Service Provider in ‘Digitization Strategy’
Mercedes owner Daimler AG has announced its takeover of PayCash Europe, a provider of Bitcoin payment services alongside others, in a move that will see the corporation venture into mobile payments. Mercedes Buys Bitcoin Services Provider. PayCash, which also offers solutions for Bitcoin and cryptocurrencies, is a Luxembourg-regulated licensed e-money transmitter. It will be used by Daimler to launch mobile payments for Daimler products and services under the Mercedes Pay brand. “‘Mercedes pay’ is a fundamental component of our mobility and digitization strategy,” Bodo Uebber, Member of....
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It might come as a surprise but Mercedes-Benz will soon have a payment service by the brand name of Mercedes Pay, and thus it is acquiring PayCash Europe SA. PayCash Europe operates a number of services like Mobile Payment Solutions, E-Money Solution, Cryptocurrency related services and Voucher and Loyalty related services. The acquisition of PayCash Europe will be made by Daimler AG the parent of Mercedes-Benz through Daimler Financial Services. Why does Mercedes need PayCash? The primary aim of Mercedes purchasing a cryptocurrency company does not seem to be their interest in Bitcoin....
Following a number of partnerships this year, FTX Trading Limited announced on Thursday that the company has partnered with the Mercedes-AMG Petronas Formula One Team. According to FTX, the relationship will “span multiple race seasons” and the FTX logo will be “featured prominently” by both cars and drivers.
FTX Teams up With Mercedes F1 in Long Term Partnership for Several Race Seasons
Well known car brands and world-famous race teams have been entering the blockchain and cryptocurrency space in great numbers this year. Whether it be through....
Strategy’s BTC holdings could be at risk following Technical expert Tony Severino’s revelation about Bitcoin’s current price action. The expert noted that the flagship crypto’s 200-day MA is below the average cost of the company’s BTC holdings, meaning they could still hold an unrealized loss at some point. Strategy’s Stock At Risk With Bitcoin’s 200-Day […]
Strategy’s $40 billion Bet on Bitcoin has become the subject of a class action lawsuit. The plaintiffs accuse the company’s executives of making misleading statements. This comes amid the firm’s latest purchase of 7,390 BTC. Strategy Faces Lawsuit Over Bitcoin Bet According to Strategy’s filing with the SEC, the plaintiffs filed a class action lawsuit […]
Daimler Financial Services, the global financial services provider of Daimler, is acquiring the electronic payment services provider PayCash Europe to develop a presence in the electronic payment (ePayment) sector. The German multinational corporation, which is one of the world’s leading automotive groups, intends to launch its own electronic payment services provider under the “Mercedes pay” brand name. Daimler Financial Services, which provides financing, leasing, insurance, fleet management, insurance services, banking and credit/debit cards services in more than 40 countries, recently....