Peer-to-peer BitcoinBitcoin marketplace Paxful today announced a partnership with cryptocrypto gambling platform Bspin.
Bspin Casino has integrated Paxful’s peer-to-peer marketplace through Paxful Kiosk, Paxful’s payments platform. This makes gambling with crypto easier and “more secure,” according to a joint statement from the firms, as gamblers can now buy cryptocurrencies from within the betting platform.
“We can help add a level of trust and transparency to the crypto betting community,” Ray Youssef, CEO and co-founder of Paxful, said in a statement.
A Bitcoin casino is the third-largest Internet gambling site in the world
The crypto world might be betting on Bitcoin, but the rest of the world is betting… using Bitcoin. According to a study published last week by marketing data firm SEMrush, Bitcoin casino Freebitco.in is the third-largest Internet gambling platform in the world, in terms of global traffic over the last year, beating out popular brands such as Netkeiba and Hollywoodbets in monthly visits. On average, more than 41 million people placed bets on Freebitco.in every month from August 2018 to July 2019,...
The partnership also makes it easier for gamblers to get a hold of cryptocurrencies. Paxful’s merchants accept over 300 different types of payment, including your daughter’s Xbox Live gift-card, or the Applebees vouchers you were reserving for date night with your partner. All can now be offered up for a chance to hit a Bitcoin jackpot.
“Payment options have always been a crucial part of any gaming operation, and being able to offer hundreds of different ways to fund your BTC wallet on Bspin with Paxful's P2P marketplace, it will give global access to our players with a single integration,” said the BSpin team.
Paxful this month announced that it had surpassed three million wallets, 800,000 of which were added this year. Over 45 percent of its users live in Africa, where cryptocurrencies can be expensive to buy from exchanges, or difficult to get a hold of. Sellers on Paxful often come from places like Europe or the U.S., where it’s easier to get cryptocurrencies.
The partnership follows others in the space. Bitcoin.com announced this month a partnership with Canadian gambling site Bravio. The partnership let players buy tickets for large lotteries, including Powerball and El Gordo, with Bitcoin and Bitcoin Cash.
“Our aim is to bring highly secure crypto gaming to the masses,” said Bravio CEO Paul Carroll in the press release accompanying the announcement.
