4 Cryptocurrency iGaming Solutions

The gambling industry is growing exponentially globally. In 2022, revenues from gambling reached $747.9 billion, estimated to surpass $850 billion by 2026. Betting and gambling online through iGaming isn’t too far behind in this trend. In addition, cryptocurrency technology is bringing a new wave of advancements in the iGaming industry.

While sometimes used interchangeably, there are several significant differences between iGaming and traditional gambling. iGaming is more accessible than conventional gambling and is available day and night. Furthermore, iGaming offers a variety of currencies to operate with, therefore, cutting currency conversion fees. Whereas traditional gambling mainly provides a single currency, one may need currency conversion fees.

Cryptocurrency is managing to make the iGaming user experience much better. An excellent example of a crypto iGaming solution is offering instant payouts to the users. In contrast, traditional gambling is time-consuming, especially during payouts, as it takes many days to reach the gambler’s account.

What are some other standard cryptocurrency solutions in iGaming? What features do these solutions offer? This article will address seven of these new technological innovations in iGaming.

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Coinspaid

Coinspaid is a Tallinn-based iGaming solution established in 2014 that provides a solution for crypto payments. Coinspaid contains over 100 iGaming companies and facilitates online casinos, gambling, and betting. The platform has a simple-to-use interface and is fast; therefore, many big casino companies such as Bitstarz and Betchain use it.

Coinspaid also contains a tool called Provably Fair. This tool enhances legitimate practices and facilitates fair games using this platform. In addition, Coinspaid supports over 140 cryptocurrencies and avails a crypto auto converter for traders. 

SoftGamings

SoftGamings is a Riga-based iGaming solution founded in 2008. It is widely used by online casinos that support gaming and online gambling. SoftGamings offers more than 3000 games. It is effortless to set up and also has a clear interface. Opening an account with this iGame solution is instant and does not require a lot of procedures.  

SoftGamings is fast and has easy integration. It is also cost-effective because it offers low rates on the market, therefore saving on costs.

Xaya

The Autonomous world limited founded Xaya in 2018. This iGaming solution uses a provably fair tool to enable honest gaming practices. It is a highly scalable iGaming solution that supports a variety of games and a lot of players. Xaya has atomic trading. In atomic trading, individuals have full rights to their private keys, and no third party is involved, making fraud very impossible. Xaya has no centralized servers as it uses decentralized servers, which gives players full control of their assets.

B2BinPay

B2BinPay is the industry’s go-to cryptocurrency payment provider offering solutions for both Merchant and Enterprise Clients. With B2BinPay, you can send, receive, store, exchange, and accept crypto payments online safely, securely, and cost-effectively across the globe and enjoy a range of benefits, including low processing fees, real-time balance/transaction history, secure checkout, and more.

B2BinPay supports over 800 coins and tokens and offers 24/7 technical support in 8 languages. Integrating B2BinPay is simple – after a quick initial setup, you’re ready to start accepting.

Why Use Cryptocurrency iGaming Solutions?

Cryptocurrency iGaming solutions have many benefits over physical gaming or gambling. Cryptocurrencies ease transactions because they are instant, thus improving the user experience. 

These iGaming solutions also offer transparency and privacy during online gambling. The solutions allow some degree of anonymity to the users who do not want to reveal their identities. On the other hand, the government partly regulates traditional betting, which requires confirmation and validation of gamblers’ personal information before gambling. reforbeforeTherefore, the gambler’s ledger is public when using iGaming solutions to gamble, ensuring transparency and avoiding claims of illegitimate refunds by fraudsters.

Cryptocurrency iGaming solutions are also cheap. They allow for direct transactions with no intermediaries, thus reducing extra fees. In addition, security is guaranteed when using these iGaming solutions, which ensures real online gambling experiences.

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There are many advantages associated with cryptocurrency iGaming solutions. So, why don’t you try these platforms the next time you gamble online?