Phone House brings crypto payments to Portugal with UTRUST

Phone House has teamed with payment platform UTRUST, enabling customers in Portugal to purchase electronics at phonehouse.pt using cryptocurrencies. Other countries will be added in the coming months.

UTRUST CEO, Nuno Correia, says: “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. 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. ”

Pedro Brehm, General Director of Phone House Portugal, adds: “This announcement coincides with the redesign of the Portugal online store. We are living through challenging times for retailers, defined by constant change and new concepts. We are innovating and anticipating these changes, and through this partnership we are positioning ourselves as a first mover.”

With the UTRUST platform, users can pay using native token (UTK) in addition to such cryptocurrencies as Bitcoin and Ethereum. The company provides crypto-to-fiat conversions. It says that Phone House will be able “to settle payments directly to its bank in fiat on the very same day they are received, shielding them from any risk of market volatility”.