Not content to let BitPay be the only DERP on the block who can dole out investor funds by "raising awareness" and "increasing adoption," Palo Alto-based Xapo has just launched a partnership and give-away contest in coordination with e-sports platform CEVO and upstart 'bitcoin-based gaming service' Leetcoin.
Looking at these three firms, Xapo is perhaps best known for having raised $40 million from Benchmark, Greylock Partners, Index Ventures, Fortress Investment Group, Ribbit Capital and Emergence Capital Partners, making it one of the better capitalised Bitcoin webwallet services. CEVO was founded in 2004, is based Sykesville, MD, USA, and provides a hosting platform for both free and pay-to-play tournaments for popular PC games, particularly the Counter Strike franchise. Less is known about Leetcoin other than that they claim to have four people currently working there, all of whom have LinkedIn profiles.
Aimed at online gamers who are geographically isolated from one another, particularly those without access to credit cards or fiat banks, this partnership allows Xapo users to integrate their Bitcoin wallets into these online gaming services in order to monetise competitions, even rewarding competitors based on kills. At inception, users can take each other on in such popular games as Team Fortress 2, League of Legends, and Counter Strike : Global Offensive. Of interest to potential Leetcoin users is that, according to their FAQ page, it's illegal to use their service if you live in Arizona, Arkansas, Connecticut, Delaware, Florida, Illinois, Iowa, Louisiana, Maryland, Montana, South Carolina, South Dakota, or Tennessee. Because reasons. Also, must also be over 18 years of age to play.
As part of the promotional arrangement, Xapo and CEVO will be giving away $21,000 worth of Bitcoin to registered users.
There's no word on whether older games will be supported in the future.