Fanduel adds Bitcoin payments via Bitpay
Fantasy is a very popular sport in the world, it grows by more than 10% every year and is now a $ 8 billion industry. The Fantasy Sports Trade Association (FSTA) has registered over 59 million fantastic sports participants in the US and Canada. Basically, broken or fantastic sports is a tournament for those who are virtual players of real players in the professional league. Real player stats apply to the fantasy team and to the people who own these games every day. Fanduel is one of the most popular fantasy sports providers on the internet, and on September 3, the company announced that users could access account financing through Bitcoin Cash (BCH) and Bitcoin Core (BTC).
Fanduel members can use cryptography with their accounts through an Atlanta-based Bitpay payment processor. The company’s commercial director, Sonny Singh, explains that with Fanduel getting bitcoin, users will have an alternative form of payment before the NFL season begins. “NFL football is one of the most popular sporting events and the start of the football season makes it an ideal time to present bitcoin to these fans,” Singh said. “We wanted Bitcoin users to add cryptocurrencies to their Fanduel accounts and enjoy daily fantasy sports.”
Fanduel’s past problems with payment processors and the Bitcoin Bowl
People have been waiting for Fanduel Bitcoin for years, and this was discussed in February 2016, when Fanduel and Draftkings lost their main provider. At the time, Fanduel and Draftkings controlled more than 90% of the Daily Fantasy Sports (DFS) market. Various states of the U.S. They decided the DFS was an illegal form and banned the use of the two sites. At the time, Fanduel and Draftkings were the processing company for Vantiv Entertainment Solutions, which decided to end their financial relationship all of a sudden. Jonathan Elman, Vantiv’s chief marketing and marketing adviser, said it was caused by “a growing number of prosecutors who consider Daily Fantasy Sports (” DFS “) illegal bets.” He said Vantiv had “ordered the court to continue fulfilling its obligations.
At this time, Fanduel and Draftkings are not looking for cryptocurrency commitments, but in the past, Fanduel was worried about digital activity. In January 2018, the company held a Bitcoin Bowl contest and handed the winners a free game of 3.75 BTC. The Jackpot 2 BTC was awarded to players of the tournament who paid $ 3 to enter the game. To receive prizes, users must submit a valid BTC address after tiebreaker. “When your team is playing in the playoffs, the margin is in the sky. As we read online, Bitcoin investors know exactly how it feels.” “Then, within a week of the playoffs, we have two opportunities to lead an extreme team and play our own bitcoins.”