SOFTSWISS, a leading iGaming solutions provider, is marking the 10th anniversary of its Crypto Casino Solution, revealing that 70% of projects powered by the SOFTSWISS Casino Platform now embrace digital currencies. Notably, 15% of monthly payments across these platforms are conducted in cryptocurrencies.
A pioneer in the integration of digital currencies in the iGaming industry, SOFTSWISS initiated this trend in 2013 with Bitcoin and has since expanded its cryptocurrency offerings to include nearly 20 digital coins.
The adoption of crypto payments has proven to be transformative, driven by unique features and strengths:
1. High Transaction Capacity:
Cryptoprocessing by CoinsPaid, utilized in the SOFTSWISS Crypto Casino Solution, ensures an exceptionally high throughput of payments, nearing 100%.
2. Swift Transaction Speed:
Cryptocurrency payments facilitate an expeditious and efficient process, allowing for swift receipt of funds post-transaction.
3. Cost-Effectiveness:
Operators benefit from a cost-effective advantage through reduced fees.
4. Simplified KYC Procedure:
Streamlined Know Your Customer (KYC) procedures alleviate operational burdens for operator support teams during withdrawal processes.
5. 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, emphasized the strategic imperative of integrating digital coins in the iGaming industry, stating, “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 2022, SOFTSWISS introduced the In-Game Currency Conversion feature, allowing players with crypto holdings to participate 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 this feature.
Looking ahead, SOFTSWISS announced plans for a series of in-depth podcasts focused on cryptocurrency topics, featuring insights and discussions led by the company’s top experts from C-level management. These podcasts aim to provide valuable opportunities for audiences to delve into the intricacies of crypto-related subjects.
