A few hours ago UTRUST announced on Twitter a partnership with Phone House, a technology and communications retailer in Portugal, to provide customers with the ability to carry out crypto payments.
— UTRUST (@UTRUST) July 25, 2019
As it is stated in the announcement, from next August 14th Phone House users will be able to buy goods online using crypto payments with the help of UTRUST. This opportunity will be launched initially in Portugal and then expanded to other countries.
At a time of change in this sector, Phone House wants to be among the first to accept crypto payments, as stated by the general manager of Phone House Portugal, Pero Brehm:
“We are excited to announce our partnership with UTRUST, making payment through cryptocurrency possible for our Phone House customers. This announcement coincides with the redesign of the phonehouse.pt online store. We are living through challenging times for retailers, defined by constant change and new concepts. At Phone House we are innovating and anticipating these changes, and through this partnership with payment platform UTRUST, we are positioning ourselves as a first mover.”
The CEO of UTRUST, Nuno Correia, was also very satisfied:
“We’re delighted to be adding Phone House as our latest merchant and offering their customers and the crypto community as a whole the option of paying for electronics using a variety of cryptocurrencies. Secure, protected and efficient payment methods are what motivates our work at UTRUST and being able to bring this to more people is hugely positive. This follows on from our recent partnership announcement with major football club S.L. Benfica and we look forward to adding more merchants in the coming weeks and months.”
This is certainly a good opportunity for the expansion of crypto payments given that the world of electronics in Europe has brought revenue of 56 million euros last year and is expected to grow by 7% before 2023.