Monday, May 29, 2023
BitWolf
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices
No Result
View All Result
No Result
View All Result
BitWolf

Crypto startup to save iconic fiat money sculpture with 1M euros in funding

bitwolf by bitwolf
September 29, 2022
in Bitcoin
0 0
0
Home Bitcoin


BuyBitcoinswithDebitCard

The paths of conventional finance and the cryptocurrency business have intersected once more, with a crypto startup coming to save lots of the long-lasting “Euro-Skulptur” monument in Frankfurt.

Frankfurt-based crypto startup Caiz Growth will present 1 million euros, or about $961,000, in funding over the subsequent 5 years to rescue the well-known sculpture depicting the image for the Euro.

Saying the information on Tuesday, Caiz said that the agency noticed advertising alternative in supporting the sculpture by acquiring distinctive publicity.

By way of the funding, the agency was capable of put its product board subsequent to the 14-meter-high artwork set up bearing 12 yellow stars, which characterize the unique members of the forex union.

Euro monument and Caiz’s advertising program. Supply: Caiz Growth

The enduring euro statue was erected in 2001 in entrance of the previous European Central Financial institution headquarters to have fun the introduction of the euro, and has since develop into a logo of eurozone decision-making. The monument has seen hassle lately because it has been continuously vandalized, causing the Frankfurt Tradition Committee to spend some 250,000 euros yearly to maintain the check in correct situation.

The committee sought sponsorship help from 110 banks to save lots of the sculpture, however none of them wished to help the “Euro-Skulptur.” Committee chairman Manfred Pohl mentioned that 90 of the banks didn’t even trouble answering, whereas these eight who responded didn’t present sufficient funds to save lots of the signal.

“This image is part of the id of town of Frankfurt. I can’t perceive that, in Frankfurt, we should beg for cash,” Pohl mentioned.

Associated: ​​GBP follows euro: The pound-dollar rate hits all-time low

Now, the long-lasting monument has been saved because of the cryptocurrency business, which is commonly very skeptical in regards to the present fiat forex system. Caiz Growth CEO Joerg Hansen admitted that the cryptocurrency business typically opposes government-backed centralized currencies to in favor of decentralized cryptocurrencies.

“Our first response once we heard the signal was in peril was we couldn’t consider town or the banks weren’t actually fascinated about it,” Hansen mentioned. “With how typically this signal will get photographed, we mentioned ‘Look, that is an absolute no-brainer.’”



Source link

Tags: cryptoeurosfiatfundingiconicMoneysavesculptureStartup
ShareTweetShare
bitwolf

bitwolf

Next Post
Original Banksy NFTs To Drop On MakersPlace Thanks To Austin Wilde

Original Banksy NFTs To Drop On MakersPlace Thanks To Austin Wilde

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

January 10, 2023
Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

January 10, 2023
MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

January 22, 2023
Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

January 10, 2023
Coinbase says it will ‘evaluate any potential forks’ following the Merge

Coinbase says it will ‘evaluate any potential forks’ following the Merge

29
Controversial Crypto Lawyer Kyle Roche Pulls Out of Nexo, Binance.US, Solana and Dfinity Lawsuits

Controversial Crypto Lawyer Kyle Roche Pulls Out of Nexo, Binance.US, Solana and Dfinity Lawsuits

19
North Korea’s nuclear program is funded by stolen cryptocurrency. Could it collapse now that FTX has?

North Korea’s nuclear program is funded by stolen cryptocurrency. Could it collapse now that FTX has?

16
Cointelegraph Markets Pro delivers alerts for 113% gains from 5 trades in the face of 10% BTC drop

Cointelegraph Markets Pro delivers alerts for 113% gains from 5 trades in the face of 10% BTC drop

16
Ethereum: Bulls focused on flipping $1845 to support

Ethereum: Bulls focused on flipping $1845 to support

May 29, 2023
Gemini to Set Up Its Base in Europe, Headquarters to Be Opened in Dublin

Gemini to Set Up Its Base in Europe, Headquarters to Be Opened in Dublin

May 29, 2023
7 presidential candidates have dropped clues about their crypto stance

7 presidential candidates have dropped clues about their crypto stance

May 29, 2023
Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’

Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’

May 29, 2023

Recent News

Ethereum: Bulls focused on flipping $1845 to support

Ethereum: Bulls focused on flipping $1845 to support

May 29, 2023
Gemini to Set Up Its Base in Europe, Headquarters to Be Opened in Dublin

Gemini to Set Up Its Base in Europe, Headquarters to Be Opened in Dublin

May 29, 2023
7 presidential candidates have dropped clues about their crypto stance

7 presidential candidates have dropped clues about their crypto stance

May 29, 2023

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Nft & Metaverse
  • Solana
  • Uncategorized

Tags

Big Binance Bitcoin Blockchain BNB BTC Coin Cointelegraph crypto Cryptocurrency Data Digital DOGE Dogecoin ETH Ethereum Exchange eyes FTX Heres Inu Investors Latest launch launches Litecoin LTC Magazine market Metaverse News NFT NFTs price rally Report Shiba Solana Today token Top Trading Web3 Week XRP

© 2022 BitWolf All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices

© 2022 BitWolf All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Translate »