Over 70% of projects powered by the SOFTSWISS Casino Platform support digital currencies, according to SOFTSWISS, a leading software firm in the iGaming market, which is celebrating the 10th anniversary of its Crypto Casino Solution. Furthermore, 15% of monthly payments made in this ecosystem are made using cryptocurrency, which represents a major advancement in the incorporation of crypto-friendly solutions.
The iGaming industry is facing changing gaming rules, but cryptocurrency-friendly solutions are starting to show promise. The revolutionary influence of cryptocurrency payments is highlighted in the recently issued 2024 iGaming Trends Report, which signals a fundamental shift in the dynamics of online gaming ecosystems.
With the introduction of Bitcoin, SOFTSWISS led the way in 2013 in integrating virtual currencies into the iGaming sector. The company’s dedication to remaining at the forefront of technical innovation is seen in the almost 20 distinct digital currencies it offers as part of its cryptocurrency services throughout time.
The Advantages of Crypto Payments in iGaming
The adoption of crypto payments within the SOFTSWISS Crypto Casino Solution brings several advantages, amplifying the efficiency and appeal of online transactions:
- High Transaction Capacity: Cryptoprocessing by CoinsPaid ensures an exceptionally high throughput of payments, approaching 100%.
- Swift Transaction Speed: Cryptocurrency payments guarantee an expeditious and efficient process, enabling rapid fund receipt after transactions.
- Cost-Effectiveness: Operators gain a cost-effective advantage through reduced fees.
- Simplified KYC Procedure: The streamlined Know Your Customer (KYC) procedure eases the operational burden for operator support teams during withdrawal processes.
- Maximum Anonymity: Players can maintain maximum anonymity when making deposits, minimizing the disclosure of personal information or identifiable data.
Max Trafimovich, Chief Commercial Officer at SOFTSWISS, emphasizes the strategic imperative of integrating digital coins in the iGaming industry. He notes, “Cryptocurrency’s significance lies in its ability to transcend traditional payment barriers, offering players a secure and efficient financial experience.”
The In-Game Currency Conversion tool was released by SOFTSWISS in 2022, motivated by their dedication to improving the user experience. Thanks to this ground-breaking innovation, gamers who own cryptocurrency may now easily take part in games that were originally intended only for fiat money transactions. After one year of operation, this feature accounted for 85% of all wagers placed at cryptocurrency casinos using the SOFTSWISS Casino Platform.
In addition to sharing its vast knowledge through quarterly analytical reports, SOFTSWISS, a thought leader in crypto-friendly solutions, intends to start a podcast series covering all aspects of cryptocurrencies. With talks and insights from the company’s top professionals, these podcasts will provide listeners a great chance to learn more about the nuances of crypto-related topics. These cryptocurrency podcasts are about to go live on the internet.
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