Fandom Sports Media (FDM) is adding crypto-enabled payment processing methods to its wagering platform.
This integration will allow the company’s soon-to-be-launched platform to accept payments from both traditional credit cards and cryptocurrency.
This is just the latest initiative which Fandom Sports has undertaken in order to support the upcoming launch of its wagering platform. On November 3, the company announced direct API data integrations to some of its leading esports titles, such as League of Legends, DOTA 2, and CS:GO.
Fandom Sports is already eyeing other additional game titles which might undergo potential custom integrations.
The introduction of cryptocurrency processing methods into the wagering platform will only serve to further improve the platform’s flexible user experience. The company also believes that a multicurrency platform will take advantage of the convergence between cryptocurrency and the esports sector.
Fandom Sports’ President and CEO, David Vinokurov, commented on the justifications behind the company’s addition of cryptocurrency capabilities to its wagering platform.
“According to Coinmarket.com, the global crypto market capitalisation is C$447 billion. What we see with the market demographic of Esports bettors is that there is a confluence between crypto and Esports that we want to be able to capitalise on.
“Fandom Esports Wagering platform will provide the flexibility and security that these users demand. Our peer-to-peer wagering model will benefit from the multicurrency environment we are building out,” he said.
Fandom Sports Media (FDM) is up 5.56 per cent and is trading for 9.5 cents per share, as of 11:22am EST.