LSports, a sports data provider, has moved to streamline its payment processing capabilities via an agreement with Payhound.
The fintech, which has a specialist focus on crypto, intends to enable LSports to receive faster and more efficient international payments, underpinned by security.
The main benefit of this will be increasing the firm’s operational efficiency, Payhound has detailed. Payhound asserts that its core offering can utilise payments via crypto as easily, securely and transparently as with fiat currencies.
Elton Dimech, Managing Director at Payhound, said: “We are delighted to service LSports. Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds. We look forward to continuing to be their reliable crypto partner in the future.”
Headquartered in Malta, Payhound was founded in 2018 and operates with the betting industry as a core target sector. In an interview with Payment Expert last year, Dimech emphasised the firm’s credentials in igaming.
Due to its Malta location, the company has built strong connections to the local igaming industry, a significant sector on the island. According to Dimech, the firm is the preferred crypto payment provider for operators licence with the Malta Gaming Authority (MGA).
An LSports spokesperson stated: “Partnering with Payhound to optimise our payment solutions signifies a significant advancement in our global business strategy.
“This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”
