Loteria de Oriente launches platform to sell cryptocurrency bets

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Loteria de Oriente, run by the Junta de Beneficencia Pública y Social del estado Monagas, Venezuela, yesterday launched its online cryptocurrency sales platform for all its products, including the famous Triple Gordo draw.

During the event Monagas Innova, the first on bitcoin technology taking place in eastern Venezuela, the “new face” of Loteria de Oriente was unveiled. All with the key objective of taking advantage of “what technology allows us to do today and introduce us to the world of cryptocurrencies,” as Richard Orea, president of the betting operator, pointed out during the presentation.

“We had an outdated system that did not adapt to the new times, but now we have a platform that introduces us to the new era,” added Ernesto Luna, governor of Monagas State.

Now, by accessing the website pay.techinterested in Lotto Oriente products, including Chance and Kripto Rifa, will be able to purchase tickets from anywhere in the world throughout the year. and at any time of the day. The digital system also allows winners to collect their prizes in cryptocurrency.

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The digital platform is based on the Binance Smart Chain (BSC) network, thus enabling cryptocurrency payments. Stablecoins binance USD (BUSD) and tether (USDT). Although it will soon integrate the ability to pay with bitcoin (BTC), according to developers at Tecfin, the company behind the project.

In addition to cryptocurrencies, the system also allows payment by other methods, such as mobile payment, Zelle, PayPal, cash or bank transfers.

More betting with cryptocurrencies

With the new digital system, the Public Benefit Board is expanding its fundraising options, now with an international reach.

“In addition, with this new phase of technological transformation, we have the opportunity to expand our distributor network because all betting centers will work integrated to the same system,” Orea explained.

He added that those interested in opening betting centers first had to submit 14 requirements, but now, will only have to register with the Pagando.tech system by following a few simple steps..

After the data verification was confirmed, every betting store registered in the system will also be authorized to operate as a cryptocurrency exchange. or foreign currency to bolivar and vice versa.

In addition, citizens will be able to go to these centers, or use the platform directly, to pay with cryptocurrency for public services, such as gas or electricity, which are the only ones enabled so far.

“Tickets for Loteria de Oriente products or invoices for payment of services will be delivered via WhatsApp or email for those anywhere in the world. They can also be delivered via SMS or printed at any betting center for people in the country,” Orea said.

Other Venezuelan lotteries, such as the one in Zulia, in the western part of the country, also launched their digital platform two years ago, for payment of bets and collection of prizes in petro and bitcoin.as reports CryptoNews at the time.