Announcement

CoinsPaid enables instant, risk-mitigated crypto transactions with GAP600

GAP600 has made further inroads into the online crypto gaming sector following the solution’s successful integration into the CoinsPaid cryptocurrency payment gateway processing platform.

 The company boasts vast experience in the sector as the development team created the first provably-fair Bitcoin casino and the first security-audited crypto exchange.

CoinsPaid provides customers with a range of services via its reliable and scalable electronic platform, including instant and secure crypto payment and deposit transaction processing, a personal wallet to store, track, transfer and manage cryptocurrency or fiat cash, and an on-the-fly business-to-business (B2B) exchange service that can convert cryptocurrencies into fiat and offers a fixed rate hedging service.

In addition, CoinsPaid also offers a B2B transaction tool for merchants and businesses that permits companies to accept crypto payments in exchange for their goods and services via their websites and mobile applications using various account types. The company processed 130 million euros in cryptocurrency transactions last year.

Our well-established value proposition includes an open API that ensures quick and easy integration for all operations, stable cryptocurrency integration, a white label back-office configuration that offers fully functional management capabilities, and 24/7 business and tech support,” explains Max Krupyshev, CEO of CoinsPaid.

CoinsPaid enables businesses to accept borderless crypto payments

To further enhance the solution’s functionality and deliver a competitive advantage, CoinsPaid sought to integrate a solution that could streamline and expedite cryptocurrency secure transactions on the platform.

“Our clients expect the best functionality from us, and we have to be at the forefront of transaction speed and risk mitigation, as these are the fundamental attributes required to increase crypto payment adoption and use. As such, implementing 0-conf payment capabilities was important,” elaborates Krupyshev.

In this regard, Krupyshev explains that he first heard about GAP600 from a partner while working at a cryptocurrency payment platform. “We included the company in an extensive market review to determine which solution offered the best instant transaction confirmation capabilities. Following the process, we felt that GAP600 offered the ideal solution.”

GAP600 facilitates instant, risk-mitigated cryptocurrency commerce by enabling exchanges to recognize unconfirmed Bitcoin, Bitcoin Cash and Bitcoin SV transactions as final using a proprietary risk engine, which analyzes and performs live risk scoring for each transaction as it reaches the mempool.

These features also align with CoinsPaid’s enhanced due diligence approach. CoinsPaid applies a special software tool across its solutions to conduct stringent KYC procedures and a risk-based approach to CDD that verify user identities to mitigate fraud, money laundering and other activities linked to criminality and terrorism.

According to Krupyshev, the integration went smoothly and the significant testing performed on the service affirmed that the GAP600 solution met CoinsPaid’s exacting needs and specifications.

“Since implementing the solution, our clients have enjoyed the instant, secure payment experience, which has helped CoinsPaid to secure and further develop our position in the cryptocurrency payment processing market.”

CoinsPaid’s adoption of our solution serves to strengthen our position in the market and affirms the

value of our offering,” comments GAP600 founder and CEO, Daniel Lipshitz.

We’re delighted to broaden our reach into the online gaming sector following our new partnership with CoinsPaid, and are confident that their customers will relish the enhanced user experience and peace of mind that comes with instant, risk-mitigated cryptocurrency transactions.”

Daniel Lipshitz

Daniel Lipshitz

CEO GAP600 Ltd

GAP600 in the news

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TEL: +1-929-214-1122 or +44-113-490-0117

Address: 54 Ahad Ha’Am st, Tel Aviv – Yafo, 6579402, Israel

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Announcement

DuckDice integrates GAP600 to enhance CX

Online crypto dice and lottery gaming service DuckDice has enhanced the platform’s customer experience (CX) by integrating GAP600 to enable instant and secure crypto deposit transactions.

Launched in February 2017, DuckDice is a unique cryptocurrency-based platform that offers enjoyable and engaging Provably Fair dice and lottery games, a cryptocurrency exchange, and news and forum services to registered members within a lively community of active players.

Our service is user-oriented, from our considered UI design and proactive support to our low House Edge and transparent withdrawal principles,” explains a spokesperson from DuckDice. “We also offer a highly competitive Faucet and regular Rains, supported by a bespoke instant currency exchange service that offers the best rates available.”

DuckDice accepts a wide range of cryptocurrency, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), DASH, Dogecoin (DOGE), Litecoin (LTC), Monero (XMR) and Ripple (XRP).

Our tech team of top-tier programmers, designers, and quality-assurance specialists work tirelessly to ensure stability and further develop DuckDice to deliver an excellent user experience with seamless play and smooth performance on both desktop and mobile devices,” DickDice continues.

The DuckDice team also pays special attention to the gaming platform’s security. “We’ve implemented multi-tier protection to guarantee the safety of members’ funds and data. We also let our users play using firewall and VPN services to make their connections safer.”

In an effort to enhance these features, DuckDice sought to implement a service that would enable quick, easy and secure transactions to deposit funds into or top up player accounts, or make withdrawals.

In the past, players could experience significant delays for the funds to reflect in their accounts. Since implementing GAP600, we have reduced these timeframes significantly,” DickDice says.

The GAP600 solution addresses many pain points experienced by cryptocurrency payment gateway providers that operate in the gambling sector. The solution achieves this by facilitating instant, risk-mitigated cryptocurrency transactions on gambling platforms by recognizing unconfirmed (0-conf) Bitcoin, Bitcoin Cash and Bitcoin SV transactions as final using a proprietary risk engine, which analyzes and performs live risk scoring for each transaction as it reaches the mempool. Support for additional coins will be added soon.

The soft integration with the DuckDice platform was straightforward and required minimal time to set up and activate. The solution was tested over a period of two weeks before the service was switched on. Customers can now start playing immediately following a deposit, with their anonymity and privacy guaranteed because the GAP600 system never requires customer information to enable transactions.

“We believe that accepting instant, secure deposits in the gaming industry is critical to attract and retain players,” comments Daniel Lipshitz, co-founder and CEO of GAP600. “When crypto betting platforms combine these features with a slick UI and seamless functionality, they create a compelling and engaging customer experience (CX) that meets player expectations and keeps them coming back to play.”

Lipshitz adds that providing seamless, 0-conf deposits enables players to immediately immerse themselves in their preferred game, while faster withdrawals appease their demand for instant gratification.

The online crypto casino/gaming sector is growing rapidly and we’re delighted to partner with a popular platform like DuckDice, as it clearly showcases our capabilities within this burgeoning market. We’re confident that DuckDice players will value our credible and secure solution as it meets their expectations around UX, while helping to protect all parties against fraud and theft,” he concludes.

Daniel Lipshitz

Daniel Lipshitz

CEO GAP600 Ltd

GAP600 in the news

Gap600 logo

TEL: +1-929-214-1122 or +44-113-490-0117

Address: 54 Ahad Ha’Am st, Tel Aviv – Yafo, 6579402, Israel

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Announcement

MyCoinDeal partners with GAP600 to expedite platform transactions

Brazil-based crypto exchange and multi-coin wallet service, MyCoinDeal (MCD) has integrated GAP600 into its service offering to enable instant and secure payment and transaction confirmations.

Founded in March 2017, MCD is a global and professional digital coin service provider that leverages a proprietary system to deliver a highly secure, stable and user-friendly platform for the global cryptocurrency community.

In just two years, MCD has built a global network with services in nearly 100 countries, offering multi-lingual support for English, Portuguese, Arabic, Spanish, Korean, Russian and Vietnamese, while generating a turnover of $24 million in 2018.

The company’s diversified crypto services offering includes MCD Commerce, a coin payment enablement gateway, the MCD Trading platform and a multi-coin digital wallet that supports BTC, BCH, LTC and ETH.

The provider also offers the MCD P2P escrow platform, which allows customers to safely conduct electronic trading using MCD’s Custody Wallet to store coins until both parties confirm the transaction and thereby negate the need to meet in person.

The MCD exchange conducts user verification according to the Know Your Customer (KYC) policy to monitor financial transactions and combat illicit practices such as money laundering, criminal activity and terrorist financing.

“We are proud to partner with such a dynamic exchange, which is doing a great deal to help bring cryptocurrency commerce into the mainstream,” comments GAP600 founder and CEO, Daniel Lipshitz.

GAP600 facilitates instant, risk-mitigated cryptocurrency commerce by enabling exchanges to recognize unconfirmed Bitcoin, Bitcoin Cash and Bitcoin SV transactions as final using a proprietary risk engine, which analyzes and performs live risk scoring for each transaction as it reaches the mempool.

“MCD discussed the platform with us at a conference in Tokyo in 2018 and felt the service would add value to its offering. Once the decision to implement was finalized, the GAP600 solution’s straightforward, secure API ensured a hassle-free integration and smooth implementation on the MCD platform,” adds Lipshitz.

“We believe that GAP600’s risk-mitigation capabilities add considerable value to the numerous cryptocurrency transactions we enable on our platform,” explains Daniel Beduschi, CEO at MCD.

GAP600 reduces transaction times by a median of 28 minutes on first block confirmations by guaranteeing cryptocurrency payments before they reach the blockchain. This, says Beduschi, will significantly improve the customer experience for purchasers, traders, brokers and investors who transact in cryptocurrencies via MCD, without compromising on safety and security.

Daniel Lipshitz

Daniel Lipshitz

CEO GAP600 Ltd

GAP600 in the news

Gap600 logo

TEL: +1-929-214-1122 or +44-113-490-0117

Address: 54 Ahad Ha’Am st, Tel Aviv – Yafo, 6579402, Israel

© Copyright 2018
Privacy Policy