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Cryptocurrency

iGamingGroup Explores Adding SameUSD to Its List of Cryptocurrency Payment Options

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When cryptocurrencies proved to be a viable payment option, everyone was thrilled because of this blockchain technology. Talk about the speed of transactions, privacy, global reach, and the promise of hack-proof payment solutions.

However, as most of us have come to realize, it has been a bumpy ride for cryptocurrency payment providers with several reports of hacks, fluctuating prices, and regulatory restrictions. What could settle our fears and restore the confidence we once had in cryptocurrency payments? Online gaming platforms such as casinos are on the lookout for a solution that guarantees players gaming satisfaction for a secure and faster experience while also optimizing the casino’s operations.

Samecoin, a new entrant into the cryptocurrency space, seems to have all the solutions that online gaming platforms have been gunning for. The Samecoin ecosystem – which consists of a utility coin (Samecoin), stablecoins (SameUSD, SameEUR, etc) as well as the SameID and SamePay – has been endorsed by iGamingGroup as it explores integrating Samecoin ecosystem and its SameUSD as a cryptocurrency payment service provider of choice.

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What is iGaming Group, and what does their endorsement say about Samecoin?

iGamingGroup Endorses Samecoin

Touted as the ultimate iGaming technology stack provider, iGamingGroup is the one-stop-shop for all online gaming systems. The group boasts of high-end clients such as Evolution Gaming, Netent, BetSoft, Rela Gaming, Play n Go, and ORYX Gaming.

To date, the iGaming giant has helped develop 7000 games through advanced ready-to-deploy industry solutions while focusing on modern human-centered interfaces that are innovated and scaled to client’s demands.

iGG has been offering cryptocurrencies such as Bitcoin, Ripple, Dogecoin, Ethereum, and Litecoin as part of its vast payment options plans. The need to provide a faster and less costly transaction is what drove it towards Samecoin.

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According to the company’s website, iGamingGroup is always looking to make deposits and withdrawals safer, easier and faster to satisfy casino players and owners. This makes perfect sense as to why the company would opt to endorse the Samecoin ecosystem.

The iGaming technology provider supports over 30 payment systems accepted globally, representing more than 150 payment options. Samecoin promises to be a worthy addition to iGG’s goal and mission.

Payment Solutions Designed For Online Gambling

Samecoin’s payment solution, SamePay, provides cryptocurrency payment solutions with stablecoins and secure SameID logins. The easy-to-integrate innovative payment solution makes for a smooth operating experience for both the owner and players.

The Samecoin system will integrate well with iGaming’s SSL encryption used for online banking, thus providing online gambling with the highest security. The ecosystem, which includes SameID and SamePay, fits well with iGG’s Know-Your-Customer and Anti-Money-Laundering procedures.

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Samecoin’s stablecoins, the SameUSD and SameEuro, aim to eliminate cryptos’ fluctuating prices, which has discouraged many online casino players. These coins’ ability to mimic fiat currencies’ stability and simplicity while retaining the advantages of cryptos makes them perfect for online casinos.

Features that Make Samecoin Perfect for Online Casinos

Besides the stability and security of value provided by Samecoin’s family of stablecoins, the ecosystem also features the SameID and SamePay tools that are invaluable to online casinos.

SameID in Online Casinos

SameID is an easily integrated user identification feature that eliminates the need for online casino players to use their personal information. Although users of SameID have to undergo the KYC procedure, the process is faster than before, thus saving time and costs spent on costlier KYC procedures.

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While using the SameID, the users’ verification process can be done through:

· Facial recognition selfie identification.

· Passport or ID card.

· Utility bill.

SamePay for Online Casinos Cryptocurrency Payments

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SamePay integration simplifies the way players receive and send cryptocurrencies in online casinos. Whether it is SameUSD, Bitcoin, Litecoin, or Ethereum, SamePay will serve you well.

SamePay works with wallets for each crypto that casino players will be using. Even better, SameID also applies here; this ensures one account gives a user complete control of their cryptos while sealing any security loopholes.

Casino operators integrating SamePay can also enable SameID logins to solve any KYC problems that players might encounter when onboarding. It will only take 5 seconds for casino players using the SamePay payment option to get verified. What’s more, SamePay secures the players’ data by only sending the necessary data to casinos when SamePay users register through SameID. No personal data is ever given out.

Since SamePay users will have complied with the KYC procedure when registering through SameID, operators will receive verified players. This will save time and provide much-needed operational efficiencies – something iGamingGroup wants to take full advantage of.

The SamePay’s simple operational framework to both casino owners and the adoption-friendly interface with low crypto transaction costs will help grow a casino’s customer base and improve brand growth.

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Cryptocurrency

Crypto Casino Lucky Block Partners with MMA Legend Michael Bisping

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Global MMA legend Michael Bisping has signed a sponsorship deal with the fast-growing top-tier crypto casino Lucky Block.

The tie-up between the Mixed Martial Arts and UFC superstar and the premium sportsbook and casino entertainment platform is a win-win for Bisping fans and Lucky Block’s swelling customer base of highly engaged players.

This deal secures opportunities for both parties by leveraging the valuable synergies present in the colliding worlds of sports and online gaming.

Through securing the sponsorship deal with Michael Bisping, Lucky Block is joining the big league of crypto casino industry leaders who understand the business impact of top-level sports sponsorship deals.

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Aligning with the world of competitive sports, Lucky Block is not only endorsing a celebrated athlete but is also tapping into the fervent sports fan base that is growing by leaps and bounds. Together, Lucky Block and Michael Bisping are bridging the gap between traditional sports and the burgeoning world of crypto-based betting.

Damian Jacobs, Lucky Block community and growth manager commenting on the sponsorship deal, said: “We are pleased to announce our sponsorship of UFC icon Michael Bisping. We believe this deal will be a powerful catalyst as we embark on the next leg of our journey to lead crypto gaming’s conquest of the online sports entertainment and betting industry.

“This partnership shows that Lucky Block can mix it up with the other industry leaders. Our sponsorship of Michael Bisping shows we understand the importance of developing and exploiting the brand projection potential at the intersection between the sports domain and the disruptive power of crypto betting.”

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Cryptocurrency

SOFTSWISS Named Crypto Company 2024

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Crypto Company of the Year was announced at the International Gaming Awards in London. SOFTSWISS, a leading technology company with 15+ years of experience in the industry, gets this title for the second year in a row.

Marking the beginning of ICE London, the awards ceremony has brought together top names in the iGaming industry to honour their achievements. The International Gaming Awards not only unites experts and gaming enthusiasts worldwide but also serves as the pinnacle charity event of the year. 

The Crypto Company of the Year category recognises companies that create innovative experiences for clients in the gambling sector with a focus on crypto. The winner is determined by evidence showcasing the company’s standout performance in the crypto space compared to competitors. Reconfirming the previous year’s success, SOFTSWISS emerged as the Crypto Company of the Year for the second time in a row.

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Securing the title of Crypto Company of the Year comes naturally to SOFTSWISS, the trailblazer in introducing crypto-friendly solutions for online gaming. Beginning with Bitcoin, SOFTSWISS has expanded its cryptocurrency offering to nearly 20 digital coins since 2013. 

In its dedication to improving player experience, SOFTSWISS introduced the In-Game Currency Conversion feature. The innovation allowed players with crypto holdings to engage seamlessly in games originally tailored for fiat only. One year post-launch, 85% of all bets in crypto casinos powered by the SOFTSWISS Casino Platform were made via the feature. 

As an expert in crypto-friendly solutions, the company shares its expertise through the quarterly State of Crypto reports and topical podcasts. This helps raise awareness among all stakeholders, offering essential insights for strategic decision-making.

Andrey Starovoitov, Co-CEO at SOFTSWISS, shares: “We are delighted to receive this award, and it signifies more than just recognition for our recent achievements. The title of Crypto Company of the Year holds deep meaning for those who led the way in integrating digital currencies into iGaming, actively advocate for crypto solutions, and generously share expertise in this field.”

 

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About SOFTSWISS 

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

 

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Cryptocurrency

Casino Market Industry Forecast Reveals Surge to $165.72 Billion by 2028 with Digital Transformation and Cryptocurrency Integration

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The “Casino Global Market Report 2024” report has been added to ResearchAndMarkets .com’s offering.

The latest report on the global casino market highlights significant growth, with expectations for the industry to swell from $131.42 billion in 2023 to an impressive $165.72 billion by 2028, at a compound annual growth rate (CAGR) of 4.6%. The report offers a comprehensive analysis of current market dynamics, future trends, and potential opportunities, positioning it as an essential resource for stakeholders in the casino sector.

The casino industry, experiencing a renaissance through digitization and a shift towards online gambling, is witnessing the rising popularity of cryptocurrency casinos. Innovations, alongside a deepened focus on responsible gambling, are propelling market growth, drawing attention from both established players and new entrants.

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Key Market Dynamics Influencing Growth

  • Online Gambling Expansion
  • Smartphone Proliferation
  • Innovative Casino Products
  • Strategic Industry Partnerships

The report underscores the growing dominance of the Asia-Pacific region in the global casino market, bolstered by evolving consumer behaviors and burgeoning tourism sectors. The detailed geographic assessment provides strategic insights into the vitality of various regions within the industry.
Gambling machines, gaming tables, and novel casino experiences are discussed in the report. The document leverages industry-specific metrics to provide a nuanced understanding of segment performance, addressing both offline and online modalities.

 

Industry Leaders Making Strategic Moves

With major corporations like 888 Holdings PLC and Caesars Entertainment Corporation, the casino market is rife with tactical mergers, acquisitions, and partnerships aiming to solidify market positioning and leverage collective strengths.

The global casino market research report presents in-depth market analysis, reflecting cutting-edge industry trends such as the integration of advanced gaming technologies. It also spotlights operational strategies and expansion plans of front-runners in the gambling domain.

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This comprehensive research report is poised to be an indispensable tool for industry investors, strategists, and stakeholders planning to navigate the complex terrain of the casino industry with data-driven confidence.

The casino market research report is devised to serve a diversity of informational needs, offering a meticulous examination of the interplay between market forces, technological advancements, and consumer preferences shaping the future of gambling worldwide.

Please note, the market value detailed in the report represents the actualized revenues recognized by entities within the industry over the specified period and geography.

 

A selection of companies mentioned in this report includes

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  • 888 Holdings plc
  • Boyd Gaming Corporation
  • Caesars Entertainment Corporation
  • Melco Resorts and Entertainment Limited
  • Delaware Park Casino & Racing
  • Eldorado Reno Resort Casino
  • Foxwoods Resort Casino
  • Galaxy Entertainment Group Ltd.
  • Golden Nugget Atlantic City Hotel Casino & Marina
  • Harrington Raceway & Casino
  • LC International Limited
  • MGM Resorts International
  • Palms Casino Resort
  • Penn Entertainment Inc.
  • Bally’s Corporation
  • Churchill Downs Incorporated
  • Genting Group
  • Golden Entertainment Inc.
  • Hard Rock International Inc.
  • SJM Holdings Limited
  • Station Casinos LLC
  • Star Entertainment Group Limited
  • Tropicana Entertainment Inc.
  • Wynn Resorts Limited
  • Las Vegas Sands Corp.
  • Red Rock Resorts Inc.
  • Eldorado Resorts Inc.
  • Monarch Casino & Resort Inc.
  • Pinnacle Entertainment Inc.
  • Isle of Capri Casinos Inc.
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