• online ordering system for restaurants
  • The best online ordering systems for restaurants
  • WATCH LIVE LIVE
    MTV
    ONETV
  • NEWSCASTS
  • بالـعـربـيـة
  • PROGRAMS SITE
  • HOME
  • Politics
    • Local
    • International
    • Mikati Sends Congratulatory Cable to Saudi Monarch Marking Kingdom's National Day
      Mikati Sends Congratulatory Cable to Saudi Monarch Marking Kingdom's National Day
    • Lebanese Foreign Ministry confirms its support for the efforts made to ensure the return of security & stability to Yemen
      Lebanese Foreign Ministry confirms its support for the efforts made to ensure the return of security & stability to Yemen
    • Geagea: Political struggle is much more difficult than military struggle
      Geagea: Political struggle is much more difficult than military struggle
    • Pro-EU supporters march for Britain to rejoin bloc
      Pro-EU supporters march for Britain to rejoin bloc
    • Russia says Karabakh Armenian fighters start giving up arms
      Russia says Karabakh Armenian fighters start giving up arms
    • Netanyahu at UN issues 'nuclear' threat to Iran, later retracted
      Netanyahu at UN issues 'nuclear' threat to Iran, later retracted
  • Business
      Business
  • Life
    • Health
    • Beauty
    • Nutrition
    • 12 Tips for a Speedy Flu Recovery
      12 Tips for a Speedy Flu Recovery
  • Stars
      Stars
    • Australia to Host Academic Conference on Pop Icon Taylor Swift
      Australia to Host Academic Conference on Pop Icon Taylor Swift
    • Blink-182 announces first new album in 12 years
      Blink-182 announces first new album in 12 years
    • Dwayne ‘The Rock’ Johnson Makes WWE Return
      Dwayne ‘The Rock’ Johnson Makes WWE Return
  • Varieties
      Varieties
    • Marine Heatwaves Last Longer in Deeper Water
      Marine Heatwaves Last Longer in Deeper Water
  • Sports
      Sports
    • Argentina remain top of FIFA world rankings
      Argentina remain top of FIFA world rankings
    • Mbappe leads PSG to 2-0 home win against Borussia Dortmund
      Mbappe leads PSG to 2-0 home win against Borussia Dortmund
    • Man City 'in trouble' after Silva adds to injury list, says Guardiola
      Man City 'in trouble' after Silva adds to injury list, says Guardiola
  • Special Reports
  • {{item.keyword}}
NEWS {{results.articlesCount}}
  • {{item.title}}

More
  • بالـعـربـيـة
  • HOME
  • Politics
    • Local
    • International
  • Business
  • Life
    • Health
    • Beauty
    • Nutrition
  • Stars
  • Varieties
  • Sports
  • Special Reports
  • ABOUT MTV
  • PRODUCTION
  • ADVERTISE
  • CAREERS
  • CONTACT
  • PROGRAMS SITE
  • NEWSCASTS
  • MTV LIVE
  • ONE TV LIVE

MOST READ

  • {{article.title}}

Euro Sculpture in Frankfurt Rescued by Crypto Firm

Reuters

Reuters

29 Sep 2022 12:40

  • A-
  • A+
A+
Euro Sculpture in Frankfurt Rescued by Crypto Firm

This article was published by Reuters:

A giant blue euro sculpture in the heart of Frankfurt's financial district has a new benefactor: The firm behind a sharia-compliant cryptocurrency.

The future of the sculpture, in the shadow of the European Central Bank's former headquarters and long a symbol of Frankfurt's role in managing the single European currency, was at risk after the banks that paid for its upkeep backed out.

On Tuesday, the sculpture's owner, the Frankfurt Culture Committee, revealed that it had secured a new sponsor, saving it from having to auction the 14-metre object.

The sponsor is the technology developer Caiz, a Frankfurt-based company whose Caizcoin conforms to the principles of Islamic finance and laws.

"The euro symbol is photographed several hundred times a day, so our involvement also makes sense from a commercial perspective as a marketing effort," Joerg Hansen, chief executive officer of Caiz development, told Reuters.

The sculpture was constructed to much fanfare in 2001, shortly ahead of the launch of euro notes and coins.

"The most photographed object in the city remains in Frankfurt am Main," said Manfred Pohl, chair of the committee that owns it.

The cryptocurrency's logo is prominently displayed on the sculpture's base.

"We aren't a threat to the euro. The euro will always exist," Hansen said.

TWEET YOUR COMMENT

KEEP READING

ALSO READ

COOKIES DISCLAIMER
This website uses cookies to give you the best experience. By continuing to browse this site, you give us your consent for cookies to be used. For more information, click here.
Accept All Cancel
NEWSLETTER

UPDATES BY EMAIL no spam. unsubscribe anytime

CONNECT
  • @mtvlebanon Follow @mtvlebanon
  • mtvlebanon
  • mtvlebanonnews
  • @mtvlebanonnews Follow @mtvlebanonnews
  • mtvlebanonnews
  • mtvlebanon
DOWNLOAD
WHATSAPP Service
Stay Up-To-Date with our latest news!
  • ABOUT MTV
  • PRODUCTION
  • ADVERTISE
  • CAREERS
  • CONTACT
  • Terms
  • Privacy Policy
NEWS
  • Politics
  • Business
  • Life
  • Stars
  • Varieties
  • Sports
  • Special Reports
  • Authors
PROGRAMS
  • Today
  • This week
  • WATCH LIVE
  • HOW TO WATCH MTV

© mtv Lebanon. All rights reserved.

Ⓚ website by koein