Japanese online casino ‘Mystino’ has chosen a product from London-based SG Veteris to allow cryptocurrency payments on its platform.
Mystino has selected Bitpace, a cryptocurrency-accepting e-commerce tool from fintech services group SG Veteris, to enable its users to convert cryptocurrencies to fiat and settle payments in their preferred local currency. Bitpace provides businesses with leading e-commerce tools that allow them to convert cryptocurrencies to fiat and settle payments. Misino said:
We are committed to providing our customers with flexible banking and payment methods and look forward to a successful partnership with SG Veteris. Bitpace offers our customers another convenient payment method. We can see the increasing popularity of digital currencies and we believe Bitpace can complement our existing portfolio of payment methods. It provides a solution that requires little or no involvement from us, allowing Mystino to focus on delivering a great customer experience in every interaction.
Bitpace offers lower transaction fees compared to more traditional payment methods such as credit or debit cards. Online casinos now accept payments in multiple cryptocurrencies while being protected from price fluctuations and can receive payments in both fiat and cryptocurrencies. With Bitpace, Mystino will benefit from fast settlement and same-day processing. It also offers another option to pay out big winning cash, which can be a hassle when using debit or credit cards or bank transactions. Anil Oncu, CEO of SG Veteris added:
Accepting cryptocurrencies through Bitpace is a quick and easy process, and as a global business, Mystino can benefit from easy cross-border trade as cryptocurrencies are not subject to foreign currency transaction fees, local taxes or exchange rate fluctuations. Our goal is to make accepting cryptocurrencies a seamless process and increase adoption by attracting consumers who are looking for more places to spend their cryptocurrencies. Our goal is to make accepting cryptocurrencies a seamless process and increase adoption by attracting consumers who are looking for more places to spend their cryptocurrencies.
Disclaimer: This article is for informational purposes only. It is not intended or intended to be used as legal, tax, investment, financial or other advice.
