Online gambling platform Cozy Games has announced that it has signed a deal with financial group GoCoin, which allows for various crypto currencies to be used at gaming sites.
As a result of the deal Cozy Games will see the crypto currency financial group offering punters the choice of using cryptocurrencies rather than standard currencies which may face financial restrictions in certain jurisdictions.
Commenting on the deal Cozy Games CEO Seeram Reddy said, “By partnering with GoCoin, Cozy Games will enjoy a dramatic reduction in costs associated with credit card transactions, chargebacks, and cross-border fees — all without having to worry about the security, volatility or complexity of handling coins directly.”
“GoCoin’s solution is adaptable and compliant with Internet gaming law, allowing us to safely adopt the latest payment innovations while focusing on our core strength of delivering an excellent online experience for our players.”
GoCoin Co-Founder and CEO Steve Beauregard added: “By accepting cryptocurrencies through the GoCoin payment platform, regulated online gambling operators can engage new markets like the underbanked that are historically difficult to reach. Our engineers are actively working with regulators to develop clear guidelines that stay within the law while also respecting a player’s right to privacy.”