SBC News Voice of the Sports Betting Industry
New esports wagering platform Rivalry has expanded its crypto payment capacities by integrating Bitcoin exchange CoinCorner as a new payment gateway.
The unique partnership will allow Rivalry customers to directly transfer funds and winnings into Bitcoin and further cryptocurrencies at a guaranteed ‘best market price’, thereby utilising CoinCorner’s exchange provisions.
Isle of Man-based Rivalry, which launched its esports platform in 2020, stated that its partnership with CoinCorner was formed as a result of the business revising critical payment and transactional arrangements to meet its customer needs.
Integrating directly with a Bitcoin exchange, Rivalry said that it has modernised its payment processing capabilities beyond transactional functions, adapting a vital component of its esports wagering platform to be aligned with the needs of its customer base.
Rivalry CEO Steven Salz commented: “Our integration with CoinCorner has allowed us to offer Bitcoin as a payment option to our players and further simplify the payment experience. It’s partnerships like these that help us evolve the betting experience for a new cohort of bettors that think and behave differently
Founded in 2014 as a UK Bitcoin exchange, CoinCorner has strengthened its B2B functions, by providing new crypto-led services such as payment processing allowing diverse sectors to benefit from crypto-led innovations.
Sam Tipper, Business Development Manager at CoinCorner, said: “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.”
