The Japanese online casino ‘Mystino’ has selected the products of London-based SG Veteris to allow cryptocurrency payments on its platform.
Mystino has selected Bitpace, the cryptocurrency-accepting e-commerce tool of fintech services group, SG Veteris, to enable its users to convert cryptocurrencies to fiat and settle payments in preferred local currencies. Bitpace provides businesses with a leading e-commerce tool allowing them to convert crypto to fiat and settle payments. Mystino said:
We are committed to providing flexibility in the banking and payment methods that are available to our customers and are looking forward to a successful partnership with SG Veteris. Bitpace offers our customers another convenient way to pay. We can see that digital currencies are growing in popularity, and we feel confident that Bitpace complements our existing payment method portfolio. It offers a solution that requires little involvement from our side which allows Mystino to concentrate on delivering an outstanding customer experience with each interaction.
Bitpace offers lower transaction fees than more traditional payment methods such as credit or debit cards. The online casino now accepts payments in a number of cryptocurrencies, while being protected from price volatility and can receive money in fiat and crypto. Using Bitpace, Mystino will benefit from fast settlements and same-day processing. It also provides another option to pay large winning cash outs, which can be troublesome when using debit or credit cards, or bank transactions. Chief Executive of SG Veteris, Anil Oncu, added:
Accepting crypto 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 crypto a seamless process and increase adoption by appealing to consumers who are looking for more places to spend their crypto. Our goal is to make accepting crypto a seamless process and increase adoption by appealing to consumers who are looking for more places to spend their crypto.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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