Everton Football Club Signed a Deal With The Crypto-Trading Platform eToro
On Aug. 1 Everton Football Club of the British Premier League announced the news that has signed a deal with the crypto-inclusive investment and trading platform eToro.
Therefore, eToro will now be Everton’s “Official Online Trading Partner”, which will offer advertising for the platform via its marketing assets and matches at home stadium Goodison Park. Everton’s commercial director Alan McTavish commented that he is “excited to see what can be achieved by bringing blockchain technology into the world of football.”
As stated in the announcement, eToro supports investments in both stocks and commodities as well as crypto assets. Furthermore, in addition to partnering with Everton, eToro has reportedly signed with six clubs within the Premier League for the 2019–2020 season.
In April, eToro also launched a cryptocurrency exchange for professional traders called eToroX, which is purportedly fully regulated. The exchange supports trading for Bitcoin (BTC), Ether (ETH), XRP, Dash (DASH), Bitcoin Cash (BCH) and Litecoin (LTC). The new exchange has also launched eight stablecoins backed by eight corresponding national fiat currencies. (Positive)
Crypto-Friendly Revolut Launches Stock Trading Service
UK-based Revolut app, which offers cryptocurrency trading, has now launched a stock trading service that allows buying fractions of shares.
The service is currently available only for over 300 U.S. stocks that are listed on the New York Stock Exchange and NASDAQ, only available for the “Metal” card customers at present.
Revolut said it plans to offer U.K. and European stocks, as well as exchange-traded funds or ETFs, and also cover its “Premium” and “Standard” card customers in the future.
Trading allows as little as $1 to invest in shares, especially those that cost thousands of dollars like Amazon and Google.
Beside fractional buying Revolut doesn’t charge any fee for Metal customers up to 100 trades per month. Any trade above that ceiling costs £1 (~$1.21) per trade and an annual custody fee of 0.01% of an investment portfolio value. (Positive)
Malta Business Registry Will Adopt Blockchain
According to the report July 31, Junior Minister for Financial Services, Digital Economy and Innovation in the Government of Malta Silvio Schembri announced that the nation’s business registry (MBR) will employ blockchain, local financial service firm Zeta.
Allegedly, when making his remarks at the Prime Minister Dr. Joseph Muscat’s inauguration of the new premises of the MBR on June 28, Schembri also claimed that the initiative will create the first government agency to be run on a blockchain-based system and artificial intelligence.
The news has been seemingly confirmed by the official account of the Italian-Maltese Chamber of Commerce, which has published a link to the article.
According to a report by local news outlet Malta Independent, Schembri further explained that the goal is to increase the system’s efficiency and lessen unnecessary bureaucratic procedures through an extensive investment in information technology. The new MBR will also allegedly allow for new services that were previously not possible.
The country’s prime minister Dr. Muscat reportedly said during his inaugural speech that the development complements the broader modernization process that the Malta Financial Services Authority started. (Positive)