CoinsPaid provides cryptocurrency payment services and personal wallets. By integrating CoinsPaid into their system, FansUnite is enabling crypto payments to be used on their gambling features in addition to cash. B2B partners that license FansUnite’s technology are now enabled to accept the popular cryptocurrencies Bitcoin, Dogecoin, Ethereum, Litecoin, Bitcoin Cash, and Tether.
FansUnite’s online betting solutions can now be monetized using alternative payment methods, providing its users with increased convenience to online gamblers.
“The integration of CoinsPaid allows us to offer payment solutions for our B2B partners who can now capitalize on the increasing popularity of cryptocurrencies,” said Scott Burton, CEO of FansUnite. “As more companies begin to recognize the importance and utility of decentralized money, we are delighted to join a growing ecosystem where customers can make purchases with virtual currencies.”
With the increasing broad interest in cryptocurrencies in the past months, more online sellers have been looking for ways to integrate crypto into their existing platforms.
FortuneJack, a Bitcoin casino, has been operating since 2014, and since then, many other online casinos have been using cryptocurrency, either as their sole betting currency or as an additional payment function.
There are many potential advantages to using cryptocurrency for online gambling platforms. By using cryptocurrencies, they can potentially make online payments easier. Some gambling sites have even used crypto to help their patrons remain anonymous.
Elon Musk recently made headlines with a joke about Dogecoin on Saturday Night Live. Asked what Dogecoin is, he said “It’s the future of currency. It’s an unstoppable financial vehicle that’s going to take over the world.” To which an SNL cast member asked back “So it’s a hustle?”
Maybe he was calling attention to the growing potential to use Dogecoin for gambling, allowing high rollers to hustle in online casinos with Dogecoin?
The amount of places one can use crypto are on the rise, and casinos have long been at the forefront of this push.
Following the news, FansUnite has not seen any significant change in their share price.
Full disclosure: FansUnite Entertainment is an Equity Guru marketing client.