FAVBET is already ready for cryptocurrency payments.

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 currencies.

The ability to integrate new payment tools will come into effect immediately after the amendments to the Tax Code of Ukraine take effect and the regulatory framework governing the taxation and processing of virtual assets is approved. FAVBET has already completed all technological processes on its side and is now awaiting the approval of the operational regulations from the state.

"We started the first tests of the new payment options from the moment cryptocurrency was legalized in March this year. We saw that interest in this topic is very high, so we are pleased to have the opportunity to soon scale across all platforms. The updated legislation will place Ukraine among the most progressive countries in the world, and we are glad that FAVBET has been and remains one of the drivers of these positive changes," commented FAVBET.

Users of the FAVBET platforms will be able to top up their accounts using 7 popular types of cryptocurrency – Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tether USD (Erc20), Tether USD (Trc20), and TRON. The company emphasizes that it remains open to collaboration with leading companies in the industry, and thus the number of available options will only increase.

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

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