In this post, we look at the things gaming merchants should consider before adding Bitcoin to their payment options. These are identified in the case study of Payment 21 that PaymentEye, a leading resource site in the global payment sector, published late last month.
Some of the things to consider include:
• Market demand.
• Market Growth opportunities.
• Licensing status.
• Regulatory requirements of gaming and financial authorities.
• Banking compliance needs.
The case study also identifies that Emerging Markets have a great potential for bitcoin payouts, especially in these countries:
China, Hong Kong,Macau, Taiwan, India, Pakistan, Bangladesh, Philippines, Vietnam, Malaysia, Thailand, Indonesia, Japan, South Korea, United Arab Emirates, Argentina, Brazil, Colombia, Russia, Ukraine, Georgia, Kazakhstan, Egypt, Kenya, Nigeria, Ghana, and South Africa.
Global payouts to clients, resellers and affiliates in emerging countries can be a real challenge for many companies.
Bitcoin payouts solves this real problem for merchants facing limited settlement capabilities in some of the most densely populated countries in the world
Read the full case study for more details: http://www.paymenteye.com/2017/02/27/case-study-benefits-of-bitcoin-payouts-for-the-gaming-industry/
Topic: Compliance Hurdles for Licensed Gaming Operators when Accepting Bitcoin (Pt4) (Read 273 times)
March 07, 2017, 01:00:59 PM
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