NEWS! Vancouver, British Columbia--(Newsfile Corp. - August 30, 2017) - LottoGopher Holdings Inc. (CSE: LOTO) (OTCQB: LTTGF) (FSE: 2LG) ("LottoGopher" or the "Company") is pleased to announce that LottoGopher.com is in the process of integrating a payment processing solution that will allow members to use two of the world's most prevalent digital currencies, Bitcoin and Ethereum. Through the previously announced merchant service offering with NetCents Technology Inc. (CSE: NC) (July 31, 2017), the company's development team will now proceed to integrate the innovative NetCents payment widget.
"In the past few months we have seen an uptick in subscriptions and we want to continue this momentum. By making it as convenient as possible for our members to order Powerball, Mega Millions and SuperLotto Plus, we are continuing the mission to really target millennials. Integrating with a solution that accepts digital currencies is part of this ongoing strategy," commented James Morel, founder and CEO of LottoGopher. "In short order we will have the processing ability to accept bitcoin and ether, a safer, quicker and anonymous way to transact in this new digital-driven day and age."
Some of companies that are now accepting bitcoins are Microsoft, Expedia, DISH Network and Overstock.com.
Bitcoin and Ethereum are encrypted digital currencies that are organized through a network known as a blockchain, an online ledger that keeps a secure record of each transaction in one place. Blockchains are peer-to-peer and decentralized or free from interference by a central bank or government. Each bitcoin has a complicated hexadecimal code or ID that is more difficult to steal than credit card information. Users install a wallet on their phone or computer, and transactions take place with a secret private key which is used as a signature for the transaction. The processing of transactions takes place through a distributed consensus system called mining whereby the transaction is verified and added to the public ledger. There is a finite number of Bitcoins, 21 million in total, in the world.