BitPay Helps NetBet, Releases Bitcoin Payment App
Date Posted: November 21, 2016
Bitcoin sport betting in UK has received a big boost. This is all thanks to BitPay. One of the world’s biggest Bitcoin payment processors, BitPay has begun to pave the way for a smoother Bitcoin betting experience in the UK. This can be seen in the one-two punch of having NetBet integrate Bitcoin payments and the release of its new Bitcoin payment app.
NetBet gets an assist
The first step is to have leading online gambling site NetBet become first UK-based online gambling operator licensed by UK Gambling Commission to offer Bitcoin payment options to UK bettors. The site is mainly focused on sports betting, but it also has sections dedicated to poker and other casino games. Bitcoin use has a couple of advantages for sports bettors. First, it is easier and more convenient. It also reassures customers and gives them the peace of mind since online payment fraud is hard to do using Bitcoin.
NetBet managed to integrate Bitcoin with a lot of assistance from BitPay. BitPay has been in the years in the business and has helped many companies add Bitcoin as one of their payment options many times. BitPay’s experience shows in the way that the payment process is simple and easy. Checking out using NetBet’s Bitcoin payment option is simple and is done in just a few seconds.
Besides opening up a potential Bitcoin sports betting venue, BitPay has also announced the release of a full-featured BitPay app for purchasing, storing and spending Bitcoin. Released just last month, the Bitpay app delivers everything needed by a Bitcoin sports bettor to ensure secure and simple Bitcoin transactions to the non-tech skilled people.
First of all, the app allows for the conversion of Bitcoin to dollars through an integrated BitPay Visa® Prepaid debit card. It also lets users purchase and sell directly to exchanges — all through the app. Users get full control over their funds at all times. This is done through device-based private keys, backup protocol and multi-device authentication. All that a person needs to do is download the app. There is even a simple tutorial available, so that new users can have an easy time.
BitPay Marketing and Communications Manager, James Walpole, has this to say about the app:
“This app is built on years of work spent refining the bitcoin payment experience with BitPay merchants and building a more secure bitcoin wallet with the Copay platform. We think we’ve been able to answer one of the core problems that have locked new users out of bitcoin: how to offer a beginner-friendly experience that doesn’t sacrifice security. This app is a way to get everything you need to start right with bitcoin, without trusting your money to a third party that can be hacked.”
Overall, this is a solid step toward further Bitcoin acceptance for sports betting in UK.