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Mercedes buys Bitcoin service provider

Daimler AG has announced its takeover of PayCash Europe, a Luxembourg payment service, which supports such payment system as Bitcoin. According to Bitcoinist, Daimler is planning to enter a mobile payment market with the acquisition of the service.

The concern intends to launch mobile payments for Daimler products and services under the Mercedes Pay brand by using PayCash Europe’s infrastructure.

ʺMercedes pay’ is a fundamental component of our mobility and digitization strategy,ʺ Member of the Board of Management of Daimler AG Bobo Uebber said.

Also, he added that mobile payment options were part of a plan to make the products and services we offer even more appealing.
PayCash describes its activities as a “backend solution providing the technical and legal platform to implement the virtual currency into the existing payment infrastructure and enables payments to be processed in all major fiat currencies.The company also provides cryptocurrency-supporting POS terminals.

It is also noteworthy that Daimler mentioned about an opportunity to pay for goods and service in cryptocurrency.

ʺMercedes Pay will mainly benefit customers who, in the future, will only need to provide their payment details one time, in order to be able to use a range of Daimler’s services. This is made possible by the eWallet function, a virtual source of payment,ʺ Chairman of the Board of Management of Daimler Financial Services Klaus Entenmann added.

That is expected that users will be able to pay for services offered by car-sharing car2go app and mytaxi app.


It should be reminded that an Italian taxi service CooperativaRadioTaxi 3570 started accepting Bitcoin as a payment at the end of 2016.

Source: forklog

  • January 20, 2017 4:48 PM MSK