SOFTSWISS celebrates 10 years of Crypto Casino Solution
A decade after the initial launch of its Crypto Casino Solution, iGaming solutions provider SOFTSWISS reports that 70% of all projects utilizing the SOFTSWISS Casino Platform now embrace digital currencies, with 15% of monthly transactions conducted in crypto.
These statistics were disclosed by SOFTSWISS in commemoration of the 10th anniversary of the Crypto Casino Solution. The company characterizes crypto payments as a lasting trend that significantly impacts the dynamics of online gambling ecosystems, a sentiment reinforced by findings in the 2024 iGaming Trends Report.
SOFTSWISS highlights that in 2013, it became the pioneering tech company to harness the potential of digital currencies, taking the lead in integrating them into the iGaming industry. Starting with Bitcoin, SOFTSWISS has since expanded its cryptocurrency offerings to include nearly 20 different digital coins.
The integration of crypto payments is driven by the distinctive features and advantages they provide:
High Transaction Capacity: Cryptoprocessing through CoinsPaid, a key component of the SOFTSWISS Crypto Casino Solution, ensures an exceptionally high payment throughput, approaching 100%.
Swift Transaction Speed: Cryptocurrency payments guarantee a speedy and efficient process, enabling the rapid receipt of funds post transactions.
Cost-Effectiveness: Operators benefit from a cost-effective edge through reduced fees.
Simplified KYC Procedure: The streamlined Know Your Customer (KYC) procedure eases the operational burden on operator support teams during withdrawal processes.
Maximum Anonymity: Players can uphold maximum anonymity when making deposits, thanks to minimized disclosure of personal information or identifiable data.
SOFTSWISS marks a decade of success with its Crypto Casino Solution, experiencing unprecedented growth in the acceptance of digital currencies through its online casino collaborators.
"In the iGaming sector, the integration of digital coins is not merely a trend but a strategic necessity," remarked Max Trafimovich, Chief Commercial Officer at SOFTSWISS. "The significance of cryptocurrency lies in its ability to transcend traditional payment barriers, providing players with a secure and efficient financial experience.
"This forward-thinking approach caters to the changing preferences of tech-savvy users and positions iGaming operators at the forefront of digital innovation in an increasingly dynamic market. As cryptocurrencies continue to reshape financial norms, their role in iGaming becomes essential for operators aiming to stay competitive and meet the expectations of a modern, diverse player base."
SOFTSWISS introduced the In-Game Currency Conversion feature in 2022, enabling players with crypto holdings to participate in games originally designed for fiat currency transactions. One year post-launch, it was reported that 85% of all bets in crypto casinos powered by the SOFTSWISS Casino Platform were made through this feature.
Looking ahead, SOFTSWISS disclosed plans to initiate a series of in-depth podcasts focusing on cryptocurrency topics. These podcasts will showcase insights and discussions led by the company's top experts from C-level management, providing a valuable opportunity for audiences to explore the intricacies of crypto-related subjects.