The Incorporation of Cryptocurrency in Online Gaming Began a Decade Ago

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SOFTSWISS has been a trailblazer in the incorporation of cryptocurrencies within the iGaming sector. The firm is celebrating the tenth anniversary of its Crypto Casino Solution’s active operation.

The Incorporation of Cryptocurrency in Online Gaming Began a Decade Ago0

In 2013, SOFTSWISS emerged as the first technology company to harness the potential of digital currencies, leading the way in their integration into iGaming. While players had access solely to a decade ago, they can now utilize approximately 20 different cryptocurrencies. This information is detailed in the company’s press release issued to commemorate its tenth anniversary.

By the end of 2023, more than 70% of all projects operating on the SOFTSWISS Casino Platform support digital currencies, with 15% of monthly transactions conducted in crypto. CryptoProcessing by CoinsPaid serves as a payment provider, ensuring that SOFTSWISS’ Crypto Casino Solution achieves an exceptionally high payment throughput nearing 100%.

Max Trofimovich, CCO at SOFTSWISS, states that the integration of digital coins is not merely a trend but a strategic necessity within the iGaming industry. Trofimovich emphasizes that the primary advantage of cryptocurrency is its capacity to overcome traditional payment obstacles, providing players with a secure and efficient financial experience.

In response to the growing user demand, the in-game currency conversion feature was introduced in 2022, enabling players with crypto-assets to engage in games initially designed for fiat. One year post-launch, 85% of all wagers in crypto casinos utilizing the SOFTSWISS Casino Platform were placed using this feature.

It is important to highlight that crypto-focused solutions appear more promising than ever as 2023 concludes. The iGaming Trends Report 2024 indicates that crypto payments are evolving into a long-term trend with a significant influence on the dynamics of online gambling ecosystems.

Сообщение Crypto Integration Into iGaming Started 10 Years Ago появились сначала на CoinsPaid Media.