Sirplay, a US-based gaming software platform, has partnered with blockchain sportsbook Moonbet, setting out a joint objective to internationally rollout ‘Web3 sports betting’.
The duo are targeting sports bettors in Europe, North America, Africa, and South America, using a MetaMask or WalletConnect integration to deposit and withdraw cryptocurrency.
Founded on 8 July, Moonbet’s crypto sportsbook allows players to wager with Bitcoin, Ethereum, Binance Coin and other cryptocurrencies, offering over 10,000 live matches per month along with other features such as player props and futures bets.
Jason Poprawa, Moonbet CEO, said: “After months of market research studies with our players and blockchain enthusiasts, all of them love the idea of Web3 crypto betting.
“Faster, easier, and keeping them more secure, we are incredibly excited to partner with Sirplay in becoming pioneers of Web3 sports and casino wagering.”
Moonbet has also included an esports betting offering, including an in-platform Twitch streaming option and pre-match and in-play bets from major tournaments, as well as a crypto casino with 5000 slot games, live dealer games, Crash and Plinko.
The partners aim to offer customers in target markets with an ‘unmatched player experience’, seeking to ensure they ‘never miss out on a bet’ via rapid transaction times.
Crypto-betting has been on the rise over the past year. Although like the rest of the crypto sector, it has been impacted by regulatory and market hurdles and remains somewhat resilient.
A report from SoftSwiss earlier this year found that the number of wagers placed with cryptocurrency had doubled from 20% of all bets in 2020 to 40% in 2021 – this data was later cited by Cloudbet when predicting a rise in crypto-betting volume ahead of this year’s UEFA Champions League Final.
By partnering with Moonbet, Sirplay aims to enhance both companies international standing and solidify them as ‘major players in the charge for reshaping the iGaming industry’.
Bart Esposito, CEO of Sirplay, explained: “With standard sportsbetting and gaming platforms online players might face issues related to the registration and depositing processes, incurring into cumbersome and disincentive mechanisms.
“The Web3 technologies, availing of the Crypto currency wallets like MetaMask and others, will improve the Player experience bringing it to the next level.”