Fintech cryptocurrency firm Payhound has revealed its collaboration with sports data solutions provider LSports to facilitate payment acceptance from its clientele. According to the company, “By leveraging Payhound’s services, LSports can streamline the receipt of payments from its customers, thereby significantly improving operational efficiency.”

Founded in 2018, Payhound aims to empower enterprises to manage digital currencies with the same level of ease, security, and transparency as traditional fiat currencies. By utilizing cryptocurrency, Payhound offers rapid and effective cross-border payment solutions, with a strong emphasis on security across all its transactions, as highlighted by the fintech enterprise.

In response to the alliance, a representative from LSports remarked: “The decision to integrate Payhound into our payment processes marks a pivotal step in enhancing our global business strategies. This partnership enables us to execute transactions swiftly and securely, further solidifying our position as a leading data provider within the sector.”

Elton Dimech, the Managing Director of Payhound, expressed his satisfaction with the collaboration, stating: “We are thrilled to support LSports through our platform, enabling clients like LSports to seamlessly receive payments, swiftly convert them into fiat currency, and consequently, enhance their operational efficiency and financial liquidity. We eagerly anticipate maintaining our role as their trusted cryptocurrency partner in the future.”

Payhound operates under the regulatory oversight of the Malta Financial Services Authority (MFSA) and holds a Class 3 VFA License in accordance with the Virtual Financial Assets Act of 2018. The company recently announced its attainment of ISO 27001 certification for the second consecutive year.