Hong Kong’s CoinMatrix Makes $670K VC Investment In Licensed Bitcoin Gaming Platform Betkurus
Following $670,000 VC investment in parent company DigitalSport Entertainment by Hong Kong-based payments provider CoinMatrix, licensed Bitcoin gaming platform Betkurus.com has launched instant Bitcoin-to-fiat deposits.
Launched in October 2014 by Curacao-based DigitalSport Entertainment, Betkurus.com is one of the few licensed Bitcoin gaming platforms. Betkurus provides gaming experiences including live casino games, a binary options platform, and online sportsbook with live video streaming for more than 10 sports.
DigitalSport Entertainment has raised $670,000 from CoinMatrix to develop its product line in an effort to gain significant share of the Bitcoin gaming market, estimated to be worth $320 million globally in 2015.
CoinMatrix’s payment platform converts bitcoins into U.S. dollars and other fiat currencies automatically in real time, allowing customers to maintain their account balance, and bet in the currency of their choice.
Recent observations show playing in cryptocurrency is still not accepted by the bulk of players who are used to wagering specific amounts in their national currencies. This is not an obstacle for players anymore who enjoy the convenience of a Bitcoin deposit, while still playing in USD for example.
Betkurus.com provides a large volume of sports events in over 50 different sports covering more than 20,000 in-play events every month. The gaming operation also provides a wide range of other services including a full spectrum of casino games, including Live Casino, Live Poker, Roulette, Blackjack and Baccarat in real time with real players.