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Cozy Games has entered into an agreement with GoCoin
Wednesday October 29,2014 : COZY GAMES TO INTEGRATE GOCOIN PLATFORM
Crypto Currency platform to provide increased cost effectiveness says operator
Internet gaming operator Cozy Games has entered into an agreement with GoCoin, and international payment platform for bitcoin and other emerging digital currencies.
Cozy Games will utilise the platform to accept cryptocurrency as a "more cost-effective payment method" in light of the UK's impending point of consumption tax, a statement said.
"By partnering with GoCoin, Cozy Games will enjoy a dramatic reduction in costs associated with credit card transactions, chargebacks, and cross-border fees -- all without having to worry about the security, volatility or complexity of handling coins directly."
"GoCoin's solution is adaptable and compliant with Internet gaming law, allowing us to safely adopt the latest payment innovations while focusing on our core strength of delivering an excellent online experience for our players," Sreeram Reddy, chief executive officer of Cozy Games said.
"By accepting cryptocurrencies through the GoCoin payment platform, regulated online gambling operators can engage new markets like the underbanked that are historically difficult to reach," added Steve Beauregard, co-founder and chief executive officer of GoCoin. "Our engineers are actively working with regulators to develop clear guidelines that stay within the law while also respecting a player's right to privacy."
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Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
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New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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