BetVIP Switches Payment Processor Following Change to Coinbase's Terms of Use
Online bitcoin sportsbook and casino, BetVIP, has switched payment processors following a "sudden change" in Coinbase's terms of use. BetVIP, credited with being the first fully licensed bitcoin sportsbook, enables users to place bets with the digital currency. Daniel Schwartzkopff, CEO of BetVIP, said Coinbase had previously confirmed in writing that it would act as a bitcoin payment processor for the all-purpose betting platform. A spokesperson for BetVIP claimed Coinbase now prohibits all gambling, whereas before it only prohibited illegal gambling operations. Nick Tomaino, business....
Related News
You may have heard of BetVIP on many other news sites, I was lucky enough to talk to some people over at BetVIP, a site that claims to be the best Bitcoin Sportbook. BetVIP is the world’s first licensed Bitcoin sportsbook. If you fancy a bet on any sport from around the world using your Bitcoin then BetVIP.com is the place to do it! At BetVIP.com we have a far wider variety of sports, events, markets and in-play betting than any other Bitcoin sportsbook. We offer all the diversity and usability of a regular online sports betting website with the convenience of transacting quickly and....
With just days to go until the Brazil 2014 World Cup, and what will be the biggest betting event of all-time, the world's first licensed bitcoin-only sportsbook, BetVIP.com, has gone live with the aim of adding transparency and legitimacy to the nascent currency. BetVIP takes wagers and pays out winnings exclusively in bitcoin and only accepts bets in regulated markets. It has offices in Malta and South Africa and holds a gaming license in Curacao. The technology that powers BetVIP is provided by leading gaming solutions supplier, BetTech, whose platform is used by customers around the....
Joining the ranks of Coinbase, MtGox and Blockchain, Bitcoin developers Stefan Thomas and Jeremias Kangas have released a lightweight Bitcoin payment processor of his own, with a twist: you do not have to trust it to use it. The way that all other payment processors to date have kept track of individual orders is by creating a unique address for each payment, and forwarding any payments that they receive to the merchant. This does prevent the main issue with not bothering with payment processors and instead just having a single address - namely, that if you receive a payment you have no....
Bitcoin, a digital currency once described by critics as unusable, unreliable and even a scam, has defied those remarks as it becomes accepted by a company maintaining over 14 million subscribers and employing 34,000 workers. DISH executive vice president and chief operating officer, Bernie Han, said beginning in July the satellite TV company will accept digital coins through the payment processor, Coinbase. Coinbase is a bitcoin consumer wallet and merchant payment processor that powers 1.3 million consumer wallets, and supports 31,000 merchants. The payment processor, Coinbase, will....
Bitcoin payments processor Coinbase has added support for the bitcoin payment protocol. Called BIP 70, the protocol allows communication between a merchant and its customers when transactions are made, and was designed to provide additional security and improve the customer experience. Coinbase says BIP 70 will offer improved protection against man-in-the-middle attacks on the payment process. Safer transactions. Addition of the protocol brings new features that should come in useful for many merchants: Human-readable, secure payment destinations - customers will be asked to authorize....