FansUnite
Completes Integration of Cryptocurrency Payment Service Provider,
CoinsPaid
-Currencies
such as Bitcoin, Dogecoin and Ethereum are now accepted as payments
for FansUnite's B2B sports betting and casino
platforms-
Vancouver, British
Columbia - May 10,
2021 -- InvestorsHub NewsWire -- FansUnite
Entertainment Inc. (CSE: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company")
is pleased to announce that it has fully integrated CoinsPaid
("CoinsPaid"), a leading provider of cryptocurrency exchange and
payment solutions, into the Company's
B2B online gambling solutions.
CoinsPaid will
enable FansUnite's B2B wagering platforms
to process cryptocurrency payments, which provides online bettors
with the ability to utilize other virtual currencies in addition to
cash. B2B
partners that license FansUnite's technology are now equipped with
crypto deposit solutions for Bitcoin,
Dogecoin, Ethereum, Litecoin, Bitcoin Cash and Tether. As a result,
FanUnite's online betting solutions can be monetized via
alternative payment methods, increasing the
convenience for online gamblers to place bets.
"The
integration
of CoinsPaid allows us to offer payment solutions for our B2B
partners who can now capitalize on the increasing popularity of
cryptocurrencies," said Scott Burton, CEO of FansUnite. "As more
companies begin to recognize the importance and utility of
decentralized money, we are
delighted to join a growing ecosystem where customers can make
purchases with virtual currencies."
About
FansUnite Entertainment Inc.
FansUnite is a sports and
entertainment company, focusing on technology related to regulated
and lawful
online gaming and other related products. The principal business is
operating the FansUnite Sportsbook and the website of its
wholly-owned subsidiary, McBookie Limited, offering online
gaming services to the UK market. FansUnite is also a
provider of
technology solutions, products and services in the gaming and
entertainment industry and looks to acquire technology platforms
and assets with high-growth potential in new or developing
markets.
For further
information, please contact:
Prit Singh,
Investor Relations
at FansUnite
ir@fansunite.com
(905)
510-7636
Scott Burton, Chief
Executive Officer of FansUnite
scott@fansunite.com
Darius Eghdami,
President of FansUnite
darius@fansunite.com
NEITHER THE CANADIAN
SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDERS HAVE
REVIEWED OR
ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
FORWARD-LOOKING
STATEMENTS: Certain information contained herein may constitute
"forward-looking information" under
Canadian securities legislation. Generally, forward-looking
information can be identified by the use of
forward-looking terminology such as "believes," "belief,"
"expects," "intends," "anticipates," "potential,"
"should,"
"may," "will," "plans," "continue" or similar expressions to be
uncertain and forward-looking.
Forward-looking statements may include, without limitation,
statements relating to the efficacy of CoinsPaid services or
increase in consumer demand due to the integration; FansUnite's
ability to fulfill technology needs with
its platform; business
development plans of FansUnite; the Company's unique
portfolio of assets; and discussion of future plans,
projections,
objectives,
estimates and forecasts
and the timing
related thereto. Forward-looking statements are based on the Company's
estimates and are
subject to known and unknown risks, uncertainties and
other
factors that
may cause the actual results, level of
activity, performance or achievements of FansUnite to be
materially
different from those expressed or implied by
such forward-looking statements or forward-looking
information.
Additional information regarding the risks
and uncertainties relating to the Company's business
are
contained
under the
heading "Risk Factors" in the Company's Non-Offering
Prospectus dated
March 27, 2020 filed on its
issuer profile on
SEDAR at www.sedar.com and risks related to global pandemics,
including the
novel coronavirus (COVID-19) global
health
pandemic, and the spread of other viruses or
pathogens and
influence of
macroeconomic developments. Accordingly, readers should not
place undue
reliance on
forward-looking statements and forward-looking
information. The forward-looking statements in this news release are
made as of
the date of this release. FansUnite disclaims and does not
undertake to
update or revise
any forward-looking statements or
forward-looking information, whether as a result of new
information, future
events or otherwise, except as required by
applicable securities laws.