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mybet partners UMT to develop new blockchain payment solution

11th December 2017 8:30 am GMT

German betting and gaming operator mybet Holding has signed a Letter of Intent with mobile payment specialist United Mobility Technology (UMT) to develop a new gambling-specific payment solution.

The two companies aim to develop a new payment solution using blockchain technology, supported by a customer loyalty programme designed to incentivise mybet customers to use the UMT solution. 

UMT, which has 13m users in Germany, has said that it will invest up to €500,000 towards developing the new solution.

"The overarching objective of [...]

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