FAVBET is ready for cryptocurrency payments

Platform users of the leading Entertainment provider FAVBET will soon be able to create cryptocurrency wallets and top up their accounts with the 7 most popular virtual coins.

The possibility to integrate new payment instruments will appear immediately after the changes to the Tax Code of Ukraine and the approval of the legal framework regulating taxation and processing of virtual assets enter into force. FAVBET has already carried out all technological processes from its side and is now waiting for approval of the work regulations from the state.

"We started the first tests of new payment options after the legalization of cryptocurrency in March of this year. We saw that the interest in this topic is very high, so we are glad to be able to scale it to all platforms soon. The updated legislation will put Ukraine on a par with the most progressive countries in the world. And we are pleased that FAVBET was and remains among the drivers of these positive changes," commented FAVBET.

FAVBET platform users will be able to top up their accounts using 7 popular types of cryptocurrencies – Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tether USD (Erc20), Tether USD (Trc20) and TRON. The company emphasizes that it remains open to cooperation with leading companies in the industry, and therefore the number of available options will only grow.

Crypto payments will be as easy as paying with a payment card: users will only need to create a cryptocurrency wallet in their own account and choose the required coin.

The FAVBET group of companies is one of the largest providers of Entertainment Tech solutions in Ukraine and a strong player in the technology market. This year, the FAVBET Tech company became part of the IT Association and, together with other members of the association, supports the activities of the Ukrainian "cyber army", which inflicts devastating blows on the enemy's IT infrastructure.