Bitcoin Forges Partnership Between Cubits and SoftSwiss

Posted: February 2, 2015

Updated: June 5, 2018

SoftSwiss and Cubits have secured a deal together, allowing Bitcoin transactions in their gambling operations, in order to enable a ‘2-Way deposit’ functionality

Customers signed up with Cubits can now acquire Bitcoin immediately even as the merchant’s purchase window remains live and whole.

Online casinos Bitstarz and Betchain, owned by Bitcoin payment specialist, Cubits, are now able to manage crypto-payment transactions, thanks to the deal it has made with Bitcoin casino platform provider, SoftSwiss.

EU-based Cubits, which is subjected to the German gambling laws, has two operations known as ‘Cubits Wallet’, for individual users and ‘Cubits Pay’, for firms, deal out 17 currencies on a daily basis, and remains one of the rare firms handling virtual currency from within Europe.

It also has a ‘2-Way deposit’ system whereby its clients can deposit Bitcoin into their accounts, even if they don’t have a Bitcoin wallet. Cubits takes care of the regular currency deposit by purchasing Bitcoin on the customers’ behalf instantaneously. It then proceeds to transfer the equivalent, in Bitcoin funds, to the gaming account.

A valuable gizmo for both online casinos and online merchants

This strategy is to enable the progressive use of Bitcoins across the globe. Online casinos are also using Bitcoin more often, creating a seamless checkout process, when making deposits and purchases, as it can be easily integrated with an existing igaming website.

As Ivan Montik, the SoftSwiss chief executive points out, “With Cubits, we have found a strong partner for fiat-Bitcoin payments, connected not only by language, but also a common ideology of bringing customers the highest degree of quality and innovation.”

SoftSwiss Casino offers complete gaming solution which can be either used for starting online casino business from scratch, as is the case of Cubits too, who is also using the Bitcoin for its most recent site, Princess Star or simply for customers worldwide, such as those who play online poker in Germany and elsewhere.

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