The Japanese online casino Mystino has selected the product of London-headquartered SG Veteris in order to enable cryptocurrency payments on its platform.
Mystino has chosen Bitpace, the crypto-accepting e-commerce tool of SG Veteris; a fintech services group, to allow its users to convert crypto to fiat and settle payments in preferred local currencies.
In regards to its selection, the company recognised in its official announcement that the product “offers our customers another convenient way to pay.”
The statement continued with: “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. Mystino can now accept payments in a number of cryptocurrencies while being protected from price volatility and can receive the money in fiat or crypto.
It will also provide another option to pay large winning cash outs, which can be trickier via debit or credit cards or bank transactions. Using Bitpace, Mystino will benefit from fast settlements and same-day processing and it was attracted by the fact that it is pay-as-you-go with no upfront costs or fixed payments.
“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,” added Anil Oncu, chief executive of SG Veteris.
“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.”