FansUnite Revolutionizes Its Payment System

Global gambling corporation FansUnite will be implementing a brand-new payments method, the company has officially partnered with one of the leading cryptocurrency exchange and payment providers CoinsPaid. Through this arrangement, the gambling corporation will be able to accept this brand-new type of payment, and popular currencies such as Bitcoin, Ethereum, and even Dogecoin will be viable on the company’s B2B online offerings.

FansUnite is a major sports and entertainment corporation, that provides technology for regulated online gaming products. The company also offers technology solutions, products, and services, to the gambling and entertainment scenes, additionally, the corporation is always looking into potential investment opportunities in order to further expand its reach on the said markets.

Improved Payments System

The gambling leader has retained its position as one of the best in the business by always looking for a way to improve and keep up with the trends. The corporation has officially partnered with the prominent cryptocurrency exchange and payment solutions provider named CoinsPaid. Its online platforms will offer the opportunity for online gamblers to use their crypto investments as deposit methods.

Thanks to the payment provider, online bettors will be able to utilize cryptocurrencies while gambling, instead of the classic cash payments. Participants will be able to use digital coins in order to fund their gambling activities. The company’s B2B partners using its technology and services will offer crypto deposit solutions, by using Bitcoin, Dogecoin, Ethereum, Litecoin, Bitcoin Cash, and Tether.

Scott Burton who is Chief Executive Officer of the gambling giant has shared a few of his thoughts on the company’s latest payment system revolutionization. He stated that the introduction of crypto payment via the CoinsPaid deal will offer a new dimension of payments as cryptocurrencies continue to take over the world.

Mr. Burton added that more and more companies from around the world are starting to realize the potential and importance of decentralized money, and that is why the company has decided to take the step. The company is more than happy to join the rapidly-growing ecosystem of using virtual currencies as a way of payments, said the CEO.

Further Development

FansUnite continues to monitor many jurisdictions in search of possible growth opportunities. The company is closely monitoring the current Canadian gambling situation as the country is discussing introducing the long-awaited legalization of single-game betting. Thanks to its reputation the company, is considered as one of the favorites to enter and take over the Canadian gambling market if the change is implemented.

Fiscal Stats

In the middle of this April, the gaming leader has officially posted its financial results for the first quarter of 2021. The company’s subsidiary division McBookie Limited that offers gambling solutions to the United Kingdom has recorded CA$28.3 million in betting volume and a 136% revenue surge for the time period. The platform reported a CA$982,000 gross gaming revenue, which is a 136% rise in comparison to last year’s results.

Source: “FansUnite Completes Integration of Cryptocurrency Payment Service Provider, CoinsPaid”, Yahoo Finance, May 10, 2021

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Yolina has followed closely the latest development on the Canadian gaming scene over the past years, monitoring the land-based, lottery, and online offerings up for grabs. The dynamic nature of the local lottery and casino fields, as well as the opportunities lying ahead of Canada fire her enthusiasm for what is to come. A sports betting enthusiast, in her spare time Yolina could be found in her natural habitat – turning the pages of biographies and catching up on the latest stand-up comedy podcasts.