Crucial Partnerships to Revolutionize Casino Payments
The latest in a sequence of key partnerships indicates a commitment to creating a robust product, offering impeccable security, verification processes, transaction monitoring, and regulatory compliance. CEOs and presidents from all companies included in the app's development have emphasized their goal to create a product that will improve the industry's financial stability. And that’s achievable only through collaborative efforts.
According to Everi’s executive Victor Newsom, partnerships such as the one forged with Bitline are necessary to expand a company's capabilities and create new products in a highly regulated industry such as iGaming. Additionally, the choice of partner was made with compliance in mind. Newsom is confident that the app will reliably serve the industry.
Fireblock, the other big partner, contributes by offering a safe framework for token storage, transfer, and issuance. The company offers sophisticated SGX & MPC technology, which empowers exchanges, various types of financial institutions, and custodians to increase their digital asset operations.
Game-Changing Payment Technology?
The rapid adoption of blockchain for crypto gambling generates demand for a reliable transaction infrastructure and safeguarding digital assets from hacker threats. Several companies are working on innovative solutions, and Bitline’s app is one of the latest efforts to create a real-world asset management system for gaming, with aspirations to expand into new markets after its launch.
The announced collaboration promises to produce revolutionized casino payment solutions with the capacity to enhance the customer experience. Undoubtedly, the online gambling market requires payment providers to offer convenience, regulatory compliance, user control and managing of digital assets, and speedy transactions for operators and customers.