BetVIP Switches Payment Processor Following Change to Coinbase's Terms of Use

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Online bitcoin sportsbook and casino, BetVIP, has switched payment processors following a "sudden change" in Coinbase's terms of use.

BetVIP, credited with being the first fully licensed bitcoin sportsbook, enables users to place bets with the digital currency.

Daniel Schwarzkopf, CEO of BetVIP, said Coinbase had previously confirmed in writing that it would act as a bitcoin payment processor for the all-purpose betting platform.

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