A sponsor brand of Real Madrid Football Club has arrived in Brazil and supports cryptocurrency transactions. Second request to the live coins got protocol access in early May 2022, the company belongs to Telefónica.
In Brazil, the company already owns the Vivo operator brand, also one of the best known and used by Brazilians for telephony and internet services.
In Spain, Movistar is one of the most valuable brands in the country, after Santander and Zara. In other words, there can be another giant company offering its services in the South American country.
A great season deserves to be remembered and if it is Real Madrid, with #MovistarLikes You can get an official club t-shirt from the entire squad’s company. Participate!#ChampionsLeague Final † #RealMadriَdLiverpool
— Movistar España (@movistar_es) May 28, 2022
Sponsor Brand Real Madrid Requests Registration In Brazil With Cryptocurrency Support
Movistar, a subsidiary of Telefónica, which is active in Spain, Argentina, Chile and several other Latin American countries, is a major European company.
The company plans to arrive in Brazil with its miMovistar brand. It offers telephone, internet and cable television services.
In addition, the company partners with Netflix and Diney+ so that its customers can subscribe to the services at a discount. On May 5, 2022, the sponsor company of the Real Madrid in Spain, the club that won the Champions League on Saturday (28)has filed its trademark registration in Brazil, in support of cryptocurrency technology.
The request still has a 90-day contestation deadline from May 24.
†virtual currency exchange services; cryptocurrency exchange services; cryptocurrency transaction services; Provision of digital currencies, virtual currencies, cryptocurrencies and digital tokens based on blockchain technology; financial exchange of virtual currencies; electronic transfer of virtual currencies; financial services, in particular facilitating electronic transfers of virtual currencies for use by members of an online community via a global computer network; processing electronic payments with cryptocurrencies; debit and credit card payment services; electronic processing of currency payments; create virtual checking accounts†
Cryptocurrency Regulation Project In Brazil Could Attract Businesses
The wording of the bill pending in the National Congress called “Marco das Cryptocurredas” expects more companies to arrive in Brazil in search of the opportunities that the sector’s approval will bring.
In this way, the arrival of more companies in the country that can support cryptocurrencies can increase. In the case of Movistar, Spanish portal El Independiente said in March 2022 that Telefónica is studying to accept bitcoin as a means of payment and may even launch its own currency.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
