Ten years after first launching its Crypto Casino Solution, iGaming solutions provider SOFTSWISS says that 70% of all projects powered by the SOFTSWISS Casino Platform now support digital currencies, with 15% of monthly payments made in crypto.
The figures were unveiled by SOFTSWISS to celebrate the 10th anniversary of the Crypto Casino Solution, with the company describing crypto payments as marking a long-term trend profoundly influencing the dynamics of online gambling ecosystems, as supported by the 2024 iGaming Trends Report.
Back in 2013, it added, SOFTSWISS became the first technological company to leverage the potential of digital currencies, leading the way in their integration into the iGaming industry. Commencing with Bitcoin, SOFTSWISS has broadened its cryptocurrency offering to encompass nearly 20 digital coins.
The adoption of crypto payments comes on the back of the unique features and strengths they offer:
- High Transaction Capacity: Cryptoprocessing by CoinsPaid, used in the SOFTSWISS Crypto Casino Solution, ensures an exceptionally high throughput of payments, nearing 100%.
- Swift Transaction Speed: Cryptocurrency payments ensure an expeditious and efficient process, allowing for swift receipt of funds after transactions.
- Cost-Effectiveness: Operators gain a cost-effective advantage through reduced fees.
- Simplified KYC Procedure: The streamlined Know Your Customer (KYC) procedure alleviates operator support teams’ operational burden during withdrawal processes.
- Maximum Anonymity: Players can maintain maximum anonymity when making deposits due to minimised disclosure of personal information or identifiable data.
“In the iGaming industry, integrating digital coins is not only a trend but a strategic imperative,” diverse player base,” said Max Trafimovich, Chief Commercial Officer at SOFTSWISS. “The significance of cryptocurrency lies in its ability to transcend traditional payment barriers, offering players a secure and efficient financial experience.
“This innovative approach caters to the evolving preferences of tech-savvy users and positions iGaming operators at the forefront of digital innovation in an increasingly dynamic market. As cryptocurrencies continue to redefine financial norms, their role in iGaming becomes pivotal for operators seeking to stay competitive and meet the expectations of a modern, diverse player base.”
SOFTSWISS introduced the In-Game Currency Conversion feature in 2022, allowing players with crypto holdings to partake in games initially designed for fiat currency transactions. One year post-launch, 85% of all bets in crypto casinos powered by the SOFTSWISS Casino Platform were made via the feature, it said.
In the future, SOFTSWISS revealed it will embark on a series of in-depth podcasts focused on cryptocurrency topics. These podcasts will feature insights and discussions led by the company’s top experts from C-level management, providing a valuable opportunity for audiences to delve into the intricacies of crypto-related subjects.
