iGaming Business to Accept Cryptocurrencies

Published January 14, 2015 by Mike P

iGaming Business to Accept Cryptocurrencies

B2B publishing and networking specialist iGaming Business will now be accepting client payments in the form of Bitcoin and other cryptocurrencies.

A research, publishing, and networking company serving the igaming industry for more than 12 years has made an agreement to accept cryptocurrencies from its clients. From this moment forward, the various clients of iGaming Business will be able to make their payments with Bitcoin and some of the world’s other most common cryptocurrencies.

To make this happen, iGaming Business struck a deal with digital payments gateway GoCoin, which is an emerging platform on the international stage. Within the igaming industry, iGaming Business will become the first B2B publishing company that accepts cryptocurrency as a form of payment.

The appeal of making such a strategic decision was largely driven by the ability of cryptocurrency to lower fees for clients and also minimise the threat of fraud, according to Alex Pratt, who is the head of iGaming Business. In making the announcement, Pratt also explained that clients would immediately be able to start making payment with cryptocurrencies.

Of course, this will also be a beneficial partnership for GoCoin, who is attempting to increase its presence within the igaming industry. Eric Benz from GoCoin took the time to praise iGaming Business for having the “vision and understanding of where this industry is heading.” Notably, he also views using cryptocurrency as “removing friction and lowering fees,” which will naturally appeal to gamers.

The Rise of Cryptocurrencies

Bitcoin was the first ever cryptocurrency when it was established in 2009. Along the way, there have been many noteworthy headlines, especially during 2013, when there were many dramatic fluctuations in the value of Bitcoin compared to the US dollar.

Since the emergence and success of Bitcoin, more altcoins have been introduced to for digital consumers. In the case of GoCoin, two other key types of altcoin are Litecoin and Dogecoin, both of which are now acceptable forms of currency with iGaming Business.

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