17 Jan '17, 12pm

Mercedes Buys Bitcoin Service Provider in 'Digitization Strategy'

Mercedes Buys Bitcoin Service Provider in 'Digitization Strategy'

William Suberg · January 17, 2017 · 7:00 am Bitcoin Bitcoin Businesses FinTech News News teaser Technology Uncategorized 2,419 views 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 the Board of Management of Daimler AG commented in a press release Tuesday. He added that mobile payment options were part of a plan “to make the products an...

Full article: http://bitcoinist.com/mercedes-bitcoin-digitization-strat...

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