UTRUST Collaborates With Portuguese Football Club, Benfica

By Rishma Banerjee

According to recently published news, international crypto payment solution provider UTRUST has collaborated with the largest Portuguese football club, Benfica, so as to allow fans to pay for match tickets and official merchandise through cryptocurrencies.

UTRUST is a crypto payment platform that allows businesses to start accepting crypto payments without the needing them to invest in an otherwise expensive system. The platform supports major cryptocurrencies, offers instant transaction, buyer protection and immediate crypto to fiat settlements.

Benfica on the other hand is the largest Portuguese football club with a massive number of wins and records. One of the most decorated football team in Europe and they are also the longest undefeated champions in their country’s Premier League (Primeira Liga). They boast of a fan base of 14,000,000 supporters worldwide,  200,000 of which are from within Portugal. They also have a strong customer base who eagerly collect merchandise from their official website.

With this partnership with UTRUST, Benfica will be openings its doors to USD 200,000,000,000+ crypto economy. This will enable their fans to get their hands on tickets and official products using their digital tokens and coins. CEO of S.L. Benfica, Domingos Soares de Oliveira when asked about this development seemed quite happy that the club had stepped into the digital frontier. He said

“This is an exciting day in the history of S.L. Benfica as we announce our decision to accept cryptocurrency payments. Our benfiquistas make Benfica the unique and special club it is and we recognise that many of our supporters are now digital users first so we want to be ahead of the curve when it comes to adopting novel technologies and giving our supporters the best online experience. We are very excited about the possibilities that this partnership with UTRUST presents in the evolution of our e-commerce strategy and we look forward to accepting our first cryptocurrency payment.”

CEO and co founder of UTRUST, Nuno Correia shared the enthusiasm,

“This partnership with Portugal’s number one football club marks a major milestone for UTRUST and the blockchain ecosystem as a whole. Benfica is one of the biggest sporting clubs worldwide and we are delighted to be making cryptocurrency payments possible for their 14 million supporters around the world”

The partnership means that fans from around the world can now enjoy Benfica by easily getting their hands on match tickets and memorabilia.

Cryptocurrencies have made transactions much faster, secure and economical than ever, enabling people to simply send coins and tokens from an electronic wallet to others’ through just a few clicks. Yet, even with all of the benefits cryptos provide, there are hindrances, especially for ecommerce merchants.