Dafabet, which is the world’s largest gaming group, is going to work with COTI. They are going to partner in the development of a new digital currency processing.
According to a news report on Newsbtc COTI and Dafabet are going to work on designing the first network for making payments digitally for gaming. This is a good indication of where the gaming industry is headed.
It is probably because many of the online industries make use of cryptocurrencies. Though the details are less, it is said that COTI and Dafabet want to develop more than an LOI or exploratory pilot.
The firm has designed a payment system for the gaming group. It will get integrated into many gaming platforms that are played on Dafabet. They want to design a payment system where customers do not face any hassle when making a payment with fiat.
Crypto News 19 had tweeted on the development.
It is a major partnership, amount wise for COTI. Dafabet annual turnover is more than $1 billion. The company sees more than 1 million visitors on their gaming websites, and they can attract all the attention that they want.
Using Ultra eWallet, which is part of COTI, they will now integrate along with Dafabet gaming websites. Trustchain network ensures that transactions settle quickly.
A news article on Coinsnews claims that Dafabet is one of the most popular gaming operators in the UK. Their logos are placed on top teams like Aston Villa and Celtic. Besides, they sponsor more than 10 football clubs in the English league.
In Asia, their brand is pretty steady in the gaming industry. It is not surprising to know that they are headquartered in the Philippines. COTI is a blockchain company based in Gibraltar. The company announced the use of Blockchain Dollars on November 24th.
The Blockchain Dollars is a stablecoin product that has been developed specifically for the gaming industry. Now, with their partnering with Dafabet, it strengthens their cause of customers utilizing the popular currency in the bitcoin market.