Skip to main content

Coinbase extends partnership with Borussia Dortmund

 


The German soccer team Borussia Dortmund and the cryptocurrency exchange Coinbase are strengthening their relationship.


A partnership between the well-known and substantial US cryptocurrency exchange Coinbase and the German soccer team Borussia Dortmund (BVB) has been expanded to now include stadium advertising and promotions across all BVB marketing platforms.


Coinbase has increased its partnership with the football team to become a premium partner, according to a recent Borussia Dortmund blog post. The largest soccer stadium in Germany, SIGNAL IDUNA PARK in Dortmund, will display Coinbase ads via perimeter ads and cam carpets as part of the newly expanded partnership.


Coinbase and BVB began their collaboration in July 2021. As a condition of the agreement, Coinbase advertisements appeared on stadium video screens while home games were being played. Additionally, the exchange provided BVB employees with workshops on cryptocurrencies. The BVB managing director said:


"The cryptosphere presents exciting opportunities, and it is crucial for us to collaborate with a reliable partner in this promising field. The fact that BaFin gave us permission indicates to us, as BVB, that we now have such a partner on our side. Page in a field that is still very young and frequently perplexing to outsiders. ".


The agreement's details, such as how much Coinbase would spend to sign the partnership, were kept under wraps by the stadium. The agreement would be in effect until June 30 of this year.


The Federal Financial Supervisory Authority (BaFin) granted Coinbase licenses in 2021 for cryptocurrency custody and proprietary trading. Vice President and regional managing director of Coinbase, Daniel Seifert, stated:.


"We are excited to work with BVB and are pleased to strengthen our commitment to the German market. Both Borussia Dortmund in sports and Coinbase's cryptocurrency platform stand for innovation, trust, and responsibility. We are thrilled to have a partner who supports the crypto economy and is willing to work with us to create the future. ".


It's important to note that Coinbase has experienced numerous problems recently. The exchange announced its third round of layoffs earlier this month, reducing its headcount by 950 employees, or 20% of its workforce.


Due to the state of the market, the company also declared that it is leaving Japan. Following their initial public offering in April 2021 and a peak price of about $370, Coinbase shares have since fallen by almost 90%.


My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FireFaucet - An earning site that pays better for some than Cointiply

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin
Post a Comment
Read more

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

  MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon
Post a Comment
Read more

British financial regulator criticizes cooperation between Binance and Paysafe

  The British financial regulator FCA has expressed concerns about the partnership between market-leading crypto exchange Binance and payment service provider Paysafe. As the British regulator complains, the partnership gives Binance access to the influential British payment network Faster Payments Service (FPS), from which the crypto exchange was previously cut off. Last June, the FCA ordered Binance to stop all business activities in Great Britain. As a result, prominent banks such as Barclays have terminated their cooperation with the leading crypto trading platform . Through the cooperation with Paysafe, Binance can now again offer deposits in British pounds sterling and transactions within the European Payments Area (SEPA). However, this fact is a thorn in the side of the FCA, as it classifies the crypto exchange as a “considerable risk factor”. However, the financial regulator sees little room for maneuver to counteract this, as the Financial Times reports . “ Paysafe understands
Post a Comment
Read more