Rivalry sportsbook introduces cryptocurrency payments
By Bob Garcia
eSports gambling fans can use cryptocurrency to place their wagers
On Tuesday, a licensed betting platform based in Isle of Man, Rivalry, introduced a new service to its eSports-focused sportsbook to enhance the customer experience. The platform is adapting to what the customers are looking for, and it is now supporting payments through Bitcoin. eSports betting has been one of the activities that have accelerated its growth due to the impact of the coronavirus pandemic at a time when most major sports were placed on hold. eSports was one of the few remaining competitive activities to look for; therefore, this solution comes in an ideal time to take advantage of that momentum.
“While many operators were left scrambling to adapt to the overnight demand, a select few, such as Rivalry, we’re perfectly positioned to capitalize on the pandemic pivot. Much like cryptocurrencies, esports betting is proving to be anything but a fad,” the company said in an announcement. According to the operator, most eSports bettors are in their twenties, and that group of age is one of the early adopters of digital currencies like Bitcoin, so this comes as a new opportunity to deliver a more attractive betting experience for this sector.
“Our integration with CoinCorner has allowed us to offer Bitcoin as a payment option to our players and further simplify the payment experience,” said Rivalry CEO Steven Salz. “It’s partnerships like these that help us evolve the betting experience for a new cohort of bettors that think and behave differently.”
This new payment service has been added thanks to a collaboration with the UK-based Bitcoin exchange CoinCorner, which has been accommodating itself to serve the increased demand for online banking and payment methods. Sam Tipper, Business Development Manager at CoinCorner, adds, “Since I joined CoinCorner in 2019, we’ve been making huge strides in assisting businesses across multiple industries to accept Bitcoin – preparing them for the new reality of a changing payment landscape.
This is particularly true for businesses regulated out of the Isle of Man, like Rivalry, who cater to a global market.”