Category: Sportsbet.io

Sportsbet.io Donate Bitcoin to Southampton FC Supporters in First Ever ‘Crypto Fan Fund’

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Press Release: Sportsbet.io launches first-ever ‘Crypto Fan Fund’, donating 2 BTC to its Premier League partner Southampton FC.

 

10th November 2021, London, UK  – Sportsbet.io has today announced the launch of a first-of-its-kind ‘Crypto Fan Fund’, donating 2 Bitcoin (BTC) to its partner club Southampton FC. The fund will be used to deliver a series of fan-led initiatives across the 2021-22 season, and beyond.  

 

Crypto Fan Fund

Throughout the season, the fund will be used to support the causes that matter most to fans. All decisions on how and where the fund is used will be made by Saints Voice, Southampton FC’s long-standing supporter panel, who will work closely with the club and with Sportsbet.io to determine how to make the greatest impact.

 

The donation of cryptocurrency in this way is a major first within elite sports partnerships. Unlike traditional fiat donations, the value of the fund can shift and increase in line with the market, allowing for the potential of greater investments in future seasons. Sportsbet.io will underwrite the fund for the value of 2BTC at the point of donation, guaranteeing the club access to at least the minimum value of the fund, plus any additional profits accrued from deflation.

 

Helen Edwards, Head of Responsible Gambling at Sportsbet.io stated: 

 

“Supporters are the lifeblood of the game and continue to demonstrate their unrivaled passion and loyalty every matchday. As a valued partner of Southampton Football Club, it’s incredibly important that we engage with the dedicated Saints fans and support them too, in any way that we can.  

 

The opportunity to use Bitcoin in such an innovative way by setting up this fan fund is incredibly powerful. We firmly believe the hype is real and cryptocurrency is here to stay, and are excited to see how the value of the fund could continue to rise, allowing for even greater investments for Saints fans and the wider community”

 

Potential uses of the fund could include improvements to the matchday experience through providing much-needed assistance to local venues impacted by COVID-19. Saints Voice can also decide to retain, or ‘HODL’, a portion of the fund to invest in future seasons, to capitalize on any increase in value.

 

Sarah Batters, Director of Marketing & Partnerships at Southampton FC stated: 

 

“Covid had a major impact on our fans’ experience of a matchday last season. Thankfully things are getting back to normal and almost all our fans have returned, so we are delighted to offer our supporters the opportunity to make their match experience even better, this season and beyond.

 

Working in close collaboration with the fantastic representatives on our Saints Voice panel, with Sportsbet.io’s ‘Crypto Fan Fund’ we hope to build a closer bond with our supporters by tackling some of the causes that they consider most crucial and look forward to seeing how they ultimately choose to allocate this fund.”

 

The donation consolidates Sportsbet.io’s ongoing commitment as the main club sponsor of Southampton Football Club, and as a leader in the crypto community. The initiative is part of Sportsbet.io’s ‘Believe the Hype’ campaign, encouraging Saints to believe the hype around their club, and around cryptocurrency.

 

Sportsbet.io Club Partnerships  

Sportsbet.io is the main club partner of Southampton FC for the 2021/22 season. The Saints were founding members of the Premier League in 1992/93 and were ever-present until their relegation at the end of the 2004/05 season. After falling on troubled times, which included a further relegation to League 1, they returned to the Premier League for the 2012/13 season and haven’t looked back since. 

 

The club have enjoyed top-half finishes in recent years, including a sixth-place finish in the 2015/16 season which secured Europa League football. In 2016/17, they reached the final of the League Cup but narrowly missed out on silverware after a 3-2 defeat by Manchester United. They ended the 2019/20 season with a 7-game unbeaten streak to finish 11th with a tally of 52 points. 

 

About Sportsbet.io 

Founded in 2016 as part of the Yolo Group, Sportsbet.io is a leading bitcoin-led sportsbook operator. Sportsbet.io has an expansive, quality betting product across all major sports and eSports, offering more than 350,000 pre-match events per year, as well as comprehensive in-play content and a diverse range of both crypto and fiat currencies. 

 

It also provides innovative markets such as player prop bets for soccer, American football, and basketball, and is the only bitcoin-led sportsbook to provide live streaming across all major sports. Sportsbet.io prides itself on its secure and trustworthy betting service, with withdrawal times of around 1.5 minutes amongst the fastest in the industry. 

 

For more information about Sportsbet.io, please visit www.sportsbet.io 

 

Sportsbet.io Socials

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Media Contact Details

Contact Name: Claudia

Contact Email: press@coingaming.io 

 

Sportbet.io is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Source

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The Coingaming Group Beta Tests its Game-changing Lightning Network

Bitcoin Press Release: The Coingaming Group, operator of leading bitcoin-led iGaming brands Bitcasino.io and Sportsbet.io, has rolled out a Lightning Network closed beta test to a selection of its users.

30th January 2018 – Tallinn, Estonia – The Lightning Network is an in-development solution to the bitcoin scalability issue, which allows for micropayments to be made between two parties without broadcasting directly to the blockchain, reducing transaction fees, speeding up the whole payment process and considerably increasing privacy.

Participants instead assign bitcoin to a payment channel, and then confirm the amount each party can redeem. Either party can close the transaction at any time, which then triggers the latest balances to be uploaded to the bitcoin blockchain. Coingaming hopes to leverage the greater speed and flexibility this provides to cut confirmation times for payments, while also offering cheaper transaction fees.

In keeping with the group’s focus on the customer, a successful beta test will see the solution rolled out across its Sportsbet.io and Bitcasino.io brands, to ensure transactions remain the fastest in the industry and the user experience the best it can be.

“The Lightning Network is a potential solution that could revolutionise bitcoin as a payments platform. This trial will pave the way for a roll out very soon as we cement our position as the leading bitcoin operator. Reio Piller, CTO of the Coingaming Group, said.

“The Coingaming Group have been industry pioneers since founding, with the purpose of providing our customers with the most functional and expansive offering, generating the best user experience in the process. We expect the Lightning Network to be a key part of bitcoin-led iGaming companies in the near future, and we’re proud to be the first operator bringing its massive potential to the market.”

About the Coingaming Group

The Coingaming Group is a leading operator of iGaming brands, including the bitcoin-focused casino Bitcasino.io and sportsbook Sportsbet.io as well as a dedicated eSports betting brand Bets.io and a slots-focused online casino Slots.io. With offices in Estonia, Ukraine, UK, Brazil and Malaysia, the group employs more than 150 staff.

For more information, please visit: http://www.coingaming.io/

Media Contact Details
Contact Name: Sam Wright
Contact Telephone: +44 (0) 20 3542 4894
Contact Email: sam@squareintheair.com

CoinGaming is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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