Entertainment Platform CHILI Partners with Coinbar to Accept Crypto Payments

European entertainment video-on-demand platform CHILI has announced a partnership with blockchain fintech firm Coinbar to accept Bitcoin, XRP, DigitalBits and Tether for purchases.

Chili is a European entertainment company and a comprehensive entertainment-centred marketplace for movie and TV fans, providing information and reviews about cinema previews, a geo-localized cinema ticket booking service, all the new releases in digital form, months before pay-TV, a catalogue of thousands of digital films, TV series, DVDs, and Blu-Ray, the possibility to buy together original merchandising of a character and choose gadgets from the films, and lots more.

Chili developed its proprietary over-the-top (OTT) platform to distribute its video and film platforms, and thanks to its success in Italy, has expanded to the UK, Germany, Poland and Austria.

Its OTT platform registered users have reached 5 million by the end of 2021.

Giorgio Tacchia, the CEO and Founder of CHILI, said that:

 “We will be the first OTT platform in Europe to accept crypto payments. Whether the Web 3.0 technology revolution will indeed be a paradigm shift for our society is perhaps too early to say; however, it is a phenomenon that cannot be overlooked. Many users, business customers and investors today need to pay with this new currency, and CHILI has always been a pioneer in offering its customers a glimpse of the future.”

Chili said that through the partnership with the Coinbar exchange, customers can also pay instantly using all supported chains without transaction costs. Customers can choose to buy in multiple currencies and offer merchants the option to settle in euros.

Image source: Shutterstock


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5 Factors Behind Chiliz (CHZ)’s Price Surge

Chiliz (CHZ) is a blockchain-based sports platform that aims to provide blockchain-based solutions for the sports industry and help fans participate in the token economy. 

According to Coinmarketcap, CHZ has risen by 5.46% in the past 24 hours and by 392.13% in the past 7 days. The market capitalization ranks No.30 with a value of $3,642,507,507 and at the time of writing, CHZ is trading at $0.6251.What are the factors behind the skyrocketing Chiliz?

  • The NFT(Non-fungible tokens) boom drove the rise of Chiliz

Source: NFT Volume Via Dune Analytics

SourceTotal OpenSea Users Overtime via Dune Analytics

The excellent performance of CHZ/USD has shocked many, mainly because people’s wide interest in non-fungible tokens (NFT) has greatly served to explain its boom. The popularity of the NFT market has also contributed to the rise of CHZ tokens.

The total transaction volume of the NFT market reached $342 million, a full increase of 7450% from last year. The total transaction volume of the NFT trading platform OpenSea in February reached $93.9 million, a record high about 11.68 times the total transaction volume in January. Moreover, the total number of OpenSea users has exceeded the 60,000 mark. 

  • Blockchain fintech company Chiliz releases a $50 million investment expansion plan.   

CHZ price received an increasing boost when CEO Alexandre Dreyfus announced that he would invest $50 million in U.S expansion on March 2 to target the leading franchises from NBA, NFL, MLB, NHL, and MLS as part of its wider global expansion plans for 2021 and to help fulfill the company’s goal of creating a “multi-billion dollar digital sports ecosystem.” Chiliz is currently holding talks with the prestigious car race championship teams in order to strengthen its control over other sports.

  • NFT’s Google global search volume surpasses Defi(decentralized finance).

According to Google’s global search volume, the global search volume of NFT (blue) has a significant leap this year, far surpassing the search volume of decentralized finance (Defi), depicted in red below.

Source: Google Trend

  • The digital asset “fan token” created by Chiliz has been launched on many mainstream cryptocurrency exchanges.

On March 3, Chiliz coin was added to the list of the world’s leading cryptocurrency spot and derivatives exchange OKEx, in order to conduct spot transactions on the platform. CHZ can be traded on crypto exchanges such as OKEx, Binance, and Huobi Global.

  • Premier football team Paris Saint-Germain’s (PSG) advancement to the Champions League quarter-finals drives the demand for football-based digital fan tokens

Paris Saint-Germain’s progress to the quarter-finals of the Champions League triggered a surge in the trading volume of several leading sports organizations in the world on major cryptocurrency exchanges, resulting in a trading volume of $550 million.

Image source: Shutterstock


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