The latter’s Bitpace product has made it possible for Mystino to begin accepting cryptocurrency payments “while being protected from price volatility.”
The ecommerce tool allows businesses to convert cryptocurrency to fiat and settle payments in preferred local currencies. By integrating Bitpace, Mystino can now accept payment in a number of cryptocurrencies.
This will also provide an alternative way of paying large winning cash outs, which the iGaming platform said, “can be trickier via debit or credit cards” as well as “bank transactions.”
Mystino said Bitpace “complements” its existing payment method portfolio, stating: “We are committed to providing flexibility in the banking and payment methods that are available to our customers and are looking forward to a successful partnership with SG Veteris.”
The casino added: “It offers a solution that requires little involvement from our side which allows Mystino to concentrate on delivering an outstanding customer experience with each interaction.”
Anil Oncu, CEO of SG Veteris, commented on Mystino’s decision to onboard Bitpace. In particular, he focused on the casino’s international reach and the product’s ability to facilitate “cross-border trade.”
“Accepting crypto through Bitpace is a quick and easy process and as a global business, Mystino can benefit from easy cross-border trade as cryptocurrencies are not subject to foreign currency transaction fees, local taxes or exchange rate fluctuations,” Oncu said.
“Our goal is to make accepting crypto a seamless process and increase adoption by appealing to consumers who are looking for more places to spend their crypto.”
