Supreme Court Decision Creates Need to Manage Multiple Different State Laws on Online Sports Gambling
CHICAGO, IL, May 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Epazz, Inc. (OTC:EPAZ), a leading provider of blockchain Bitcoin mobile apps and cloud-based business software solutions, has announced that its patent-pending technology will allow users to place bets using Bitcoin and other cryptocurrencies. The technology is planned to be release for beta testing by the end of the year.
The company is using a digital ledger to record the bets and will use a third party to transfer the Bitcoins. The company will not hold any Bitcoins. The company focuses on creating the software technology to manage the transactions and is using its compliance technology to manage the regulations between different state laws.
Part of the patent application focuses on compliance management and verification of available funds. Before a person can participate in a transaction, the technology will verify all the details in the person's background. The transactions will be run through the blockchain network and will be posted on the user's profile.
Epazz CEO Shaun Passley, Ph.D., said, "We are using multiple products we have acquired over the years to create a unique Bitcoin payment technology for managing compliance and verifying transactions after the Supreme Court decision on online sports gambling."
About Epazz, Inc. (www.epazz.com)
Epazz, Inc. is a leading cloud-based software company that specializes in providing customized cloud applications to the corporate world, higher-education institutions and the public sector. Epazz BoxesOS™ v3.0 is the complete business web-based software package for small- to mid-size businesses, Fortune 500 enterprises, government agencies and higher-education institutions. BoxesOS provides many of the web-based applications organizations would otherwise need to purchase separately. Epazz's other products are DeskFlex™ (room scheduling software) and DeskFlex™ (an applicant-tracking system).
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Source: Epazz, Inc.