Suddenly, Mercedes-Benz Buys Bitcoin Company
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....
Related News
Mercedes-Benz project picked five artists from the NFT industry to interpret the G-Class in their own style. Mercedes has teamed up with Art2People to create an exclusive Mercedes-Benz NFT collection based on its G-Class vehicle line, according to a tweet by the luxury automobile manufacturer. Five artists were commissioned to create various G-Class-inspired works in a range of media, resulting in unique designs for each artwork.What happens when five #NFT artists take on the challenge of reinterpreting the iconic #GClass? The NF-G Challenge by @[email protected] @baugasm....
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....
Banks and large-scale commercial companies including Daimler, the parent company of Mercedes-Benz, are starting to replace fax machines and the traditional method of communicating with one another using Blockchain. Since 2015, banks and major technology companies such as Microsoft have been investigating the potential of Blockchain technology as a data processing platform. While sustaining the security measures of public Blockchain networks including Bitcoin, the Blockchain-based platforms can process large amounts of data, opening doors for a wider range of applications such as data....
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....
Daimler, the car manufacturer, has announced the acquisition of PayCash Europe. Financial services is a lucrative industry segment. With increasing interest in fintech and new-age payments systems, companies are trying to boost their existing portfolios through mergers and acquisitions. In one such instance, Daimler AG, the parent company of Mercedes-Benz, has taken over PayCash Europe. According to an announcement in one of the automotive magazines, Daimler Financial Services AG will be introducing its own payment service called Mercedes Pay. The acquisition of PayCash Europe will help....