NetBet first UK-licensed operator to accept Bitcoin

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NetBet is the first UK-licensed betting/gaming operator to accept Bitcoin as a payment method. This was backed by the global Bitcoin payment services provider Bitpay and it will enable UK players to use the e-currency to deposit and withdraw from their NetBet accounts. NetBet will enable registered players to fund their accounts in a matter of seconds. Bitcoin is a digital currency and has recently been approved by Europe’s regulated betting markets and Bitpay have worked closely with NetBet to ensure that it’s fully compliant with the regulations by the UK Gambling Commission. Alexandre Mangaud spokesman for NetBet; “We have been looking at digital currencies for some time now. It has a growing user-base and was something we wanted to offer our customers. Since Bitcoin is new to the regulated gambling industry in Europe, we’ve worked closely with our payment processing partners to ensure that the addition of this new payment method meets the UK Gambling Commission regulatory requirements."