Alternative Deposit Method,
FirePay, Shines on London Stock Exchange
FirePay, which is now one of the internet's leading
e-cash debit cards, and a common deposit method used
at over three-hundred online casinos, flotated on
the London Stock Exchange in days of late. The
company's stock value was not as high as the more
recent flotation of Party Gaming (which was actually
the largest flotation on the LSE in over five
years), but it was solid to say the least - still
showing signs of growth upon a strong foundation.
FirePay works the same way as online debit cards, such as NETeller, giving
account holders immediate access to funds in their FirePay account.
FirePay is not as widely used as NETeller, but is developing an even sounder
reputation, and growing quickly in popularity and availability. As
evidenced by FirePay's stock value rise over $54.5 million, the company is now
attracting more than just online casino depositors.
With the companies recent success, players may be in store for more
incentives if they use the FireOne's e-cash wallet. Online casinos already
award players with a 10-15% bonus on all deposits using FirePay, and may be
offering more in the near future. Although NETeller is the leading e-cash
wallet on the market right now, FirePay offers essentially the same services at
no cost. From an investors point of view, since both companies are so
similar, and are obviously the biggest in their field, a merger would be a very
tempting consideration.
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