BitPay, a bitcoin payments provider, announced today that customers on FanDuel, an online sports and entertainment company, are now able to make deposits on FanDuel’s fantasy app using bitcoin.
The FanDuel Group consists of a portfolio of leading brands across gaming, sports betting, daily fantasy sports, advance-deposit wagering, and TV/media, including FanDuel, Betfair US, DRAFT, and TVG. FanDuel’s one-day salary cap format gives customers the flexibility to play without having to commit to the entire season.
BitPay makes it easy for businesses to accept bitcoin and serves merchants on six continents, supporting hundreds of thousands of bitcoin users and processing over a $1 billion annually from global merchants.
“NFL Football is one of the most popular sporting events to watch and the start of the football season makes it a perfect time to introduce bitcoin to these fans,” said Sonny Singh, BitPay’s Chief Commercial Officer. “We wanted to have the option in place for bitcoin users to deposit cryptocurrency into their FanDuel accounts and take advantage of the daily fantasy sports games.”
Bitcoin users who sign up as a first-time FanDuel customer and deposit a minimum of $10,000 receive an additional 10% deposit, up to a $2,000 bonus. The bitcoin promotion is currently available for FanDuel’s daily fantasy app only.