A total amount of more than $5 million in esports prize mone🤪y has reportedly been processed by this single end-to-end payment solution plat💜form by Payment Labs, called Prize Payments.
Since its launch at the end of 2019, Prize Payments has issued this impressive figure in 38 different currencies to 1000 unique winners across the esports i♔ndustry.
Payment Labs has also since managed to establish Prize Payments - its first product - as a leading payment solution that has paid out prize money to esports winners at more than 70 tourn༺aments and events. From PUBG North America, to LiquidDogs and premier gaming lifestyle event DreamHack, major gaming companies all over are opting for Prize Payments thanks to its efficient methods of handling sensitive personal and financial info.
As you probably know, the esports industry - and the prize money that winners are awarded at major tournaments - is absolutely massive. Considering the raked in by 2918 players across 579 tournaments for 168澳洲幸运5开奖网:Counter Strike: Global Offensive last year alone wꦺas $15,858,067, a secure and efficient payment i🦂ssuing platform is vital.
"Since DreamHack has switched to Prize Payments for our Community Clash tournaments, we’ve been able to payout significantly faster and reduce our internal workload exponentially," says DreamHack festival v✃ice president, Bas Bruinekool. "Prize Payment’s collaborative tools to allow us to increase oversight and reduce work, which leads to happy ꦫplayers.”
Tournament organizer LiquidDogs runs programs for various triple-A publishers, and using the Prize Payments platform was able to pay 95% of prize ♐winners within just three weeks. Prize money was issued in 37 different currencies, with some more challenging regulations in countries such as South Africa and Brazil being successfully navigated.
Things aren't slowing down either. If things continue going at the rate for Prize Payments, Payment Labs estimat♐es that by the end of 2021 the successful platform will have paid out a total of $10 millio♐n in prize money to tournament winners.
Source: Payment Labs Press Release