24 Oct '14, 4pm

Regulated Gambling Platform Cozy Games Accepts Bitcoin in Industry First

Regulated Gambling Platform Cozy Games Accepts Bitcoin in Industry First

Cryptocurrency payment processor GoCoin has teamed up with iGaming operator Cozy Games to deliver bitcoin, litecoin and dogecoin payments on its platform. The companies said the move will make Cozy Games the first regulated iGaming operator in the world to accept cryptocurrencies. GoCoin said recent gambling tax reforms, such as UK's proposed Point of Consumption Tax (POC) , have forced gaming sites to actively seek lower cost payment alternatives. Digital currencies are one such option and they could help gaming platforms improve their margins. Lower cost alternative GoCoin said Cozy Games will enjoy "a dramatic reduction" in transaction costs, chargebacks and cross-border fees. The company also pointed out that its e-commerce platform is designed to process cryptocurrency transactions for international gaming operators considered "high risk" by traditional payment networ...

Full article: http://www.coindesk.com/cozy-games-becomes-first-regulate...

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