SOFTSWISS, one of the leading innovators in the crypto-gambling sector, shares one more important achievement- its Crypto Casino Solution marks 10 years of presence in the online casino industry. The fact that over 15% of monthly payments are made using crypto along with the fact that this revolutionary platform powers more than 70% of the project confirms that this solution is here to stay.
In its recently published 2024 iGaming Trends report, the company pointed out that crypto payments represent a long-term trend. For that reason, companies interested in prospering in this very niche should focus on providing tools and solutions that would enable maximally smooth and efficient payments.
Talking about reasons to celebrate, the previous month was marked with one more excellent achievement as the provider walked away with the Best Aggregator 2023 Award at the SiGMA Europe Awards.
The Role of Crypto in the iGaming Industry is Pivotal
Ten years ago, in 2013, SOFTSWISS was the first technological company to recognize the immense potential of digital currencies in the iGaming industry. Breaking the ice with Bitcoin, the inventive provider gradually expanded its assortment of cryptocurrencies, encompassing almost 20 coins.
Among the key reasons for the smooth adoption of crypto payments are its unique and practical features, including high transaction capacity, swift transaction processing, cost-effectiveness, maximum anonymity, and simplified KYC procedure. Conducted via CoinsPaid, the payment procedure is facilitated with reduced fees, the highest level of efficiency, and without disclosure of sensitive personal information.
According to Max Trafimovich, Chief Commercial Officer at SOFTSWISS:
“In the iGaming industry, integrating digital coins is not only a trend but a strategic imperative. The significance of cryptocurrency lies in its ability to transcend traditional payment barriers, offering players a secure and efficient financial experience.”
As he noted, cryptocurrencies continue to redefine financial norms, gradually becoming a preferred method of payment not only in iGaming but in many other sectors as well. By embracing crypto payments, operators ensure being competitive while ensuring the expectations of various profiles of modern consumers are met.
In-Game Currency Conversion Continues to Rock the Stage
The In-Game Currency Conversion feature is another powerful solution from SOFTSWISS’ creative workshop. Launched in 2022, this tool allows crypto users to play games that were initially designed for fiat currencies.
More precisely, consumers who place bets in Bitcoin, Ethereum, and other cryptocurrencies can have their funds converted to USD, EUR, CAD, NZD, NOK, JPY, BRL, and a couple of other fiat currencies, amounting to a total of 9.
According to the data analysis, 85% of all bets in crypto casinos powered by the SOFTSWISS Casino Platform were made via the feature. Although the previous quarter showed moderate growth in crypto transactions, the trends indicate that the popularity of this payment option will continue to go upward.
Continuing to educate both potential associates and players on the numerous advantages of crypto transactions, SOFTSWISS is preparing to go live with a series of in-depth podcasts. Through this user-friendly format, the company’s top experts will elaborate on a variety of crypto-related subjects, eliminating all the common doubts about how the transactions work and much more than that.
Source:
“Crypto Casino Solution Celebrates 10th Anniversary”, softswiss.com, December 13, 2013.
SandyOlsson
10 months ago
Sr. Newbie
Cryptocurrencies are extremely convenient and efficient. SOFTSWISS is doing a great job of teaching players about all the advantages that come along with crypto payments.
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