THELOGICALINDIAN - Playboy is reportedly suing a Canadian cryptocurrency close for allegedly declining to accommodate a wallet that would abutment a ambit of cryptocurrencies beyond the companys online media agenda and accidental gaming businesses Playboytv was declared to be the aboriginal of the companys platforms to affection the new crypto wallet and acquittal options
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Playboy Sues Canadian Crypto Company
Playboy Enterprises Inc., the ancestor aggregation of the Playboy annual authority founded by Hugh Hefner, is suing a cryptocurrency close listed on the Canadian Securities Exchange (CSE) “on allegations of artifice and aperture of contract,” the LA Times appear Monday.
In the accusation filed in Los Angeles, Playboy claims that Global Blockchain Technologies (CSE: BLOC) “failed to alive up to an acceding to accommodate blockchain technology into Playboy’s online media channels,” the advertisement elaborated. The Beverly Hills-based aggregation is gluttonous bearding compensatory and castigating damages.
Global Blockchain Technologies, on the added hand, absolved the clothing as a “normal dispute” amid two firms, calling the artifice accusation “frivolous.” In a account to the account outlet, the Vancouver-based aggregation wrote, “Global believes it has a able aegis to the activity and will be agilely arresting same.”
Playboy’s Crypto Integration Plan
The two companies fabricated an acceding in March, according to the lawsuit. At that time, Playboy announced:
“Playboy.tv will be the aboriginal of the company’s media platforms to affection the new agenda wallet,” the aggregation wrote, abacus that it “will accredit the online belvedere to acquire carnality industry badge (VIT), amid added arch cryptocurrency tokens, for admission to the brand’s absolute content.” The crypto wallet is accepted to be “available afore the end of the year,” Playboy accepted at the time. Playboy.tv currently advertises over 80 TV shows and over 2,000 episodes.
Launched in April, VIT aims to be a acquittal average for the adult, gambling, and cannabis industries. Its bazaar cap bound rose to a aerial of $7 actor afterwards barrage but has been falling steadily to aloof aloft $1 actor today, with anniversary badge currently account two-thirds of a penny at the time of this writing.
Global Blockchain Technologies fabricated a abstracted advertisement in May that it was “building a cryptocurrency wallet for Playboy that can authority VIT” to be chip into “the Playboy.tv web media portal.” The aggregation additionally accepted at the time that “the affiliation of VIT into Playboy.tv and the wallet is set to be launched afore the end of 2018.”
However, in the accusation filed, the LA Times reported:
What do you anticipate of Playboy suing Global Blockchain Technologies? Do you anticipate Playboy will acquisition addition way to accommodate crypto? Let us apperceive in the comments area below.
Images address of Shutterstock, Global Blockchain Technologies, and Playboy.
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