US Gambling Group Calls for Cashless Casinos-luckily Bitcoin is Ready

Wagering Requirements: Virtually all casino bonuses come with wagering requirements, and Bitcoin casino bonuses are not different. Anything you win with those bonus spins is yours to keep, subject to wagering requirements. What Do I Need to Get a BTC Bonus? Casinos need to understand this isn’t about the cryptocurrencies themselves. Is BitBoss planning to make a special push to market its products to casinos in the wake of the AGA’s call for cashless casinos? Casinos, and BitBoss’ competitors, have faced the twin hurdles of compliance and security as they try to build their cashless systems around existing fiat currencies and bank accounts. There has been a nearly universal ban on allowing players to transfer money from their bank accounts directly to the slot machine. There are no open ports on the casino’s server to hack. Chipless casinos are relatively easy to implement from a technology perspective. Some casinos do require you to enter a bonus code when you deposit to claim a Bitcoin bonus.

This is the amount you need to deposit to be eligible to claim the cryptocurrency casino bonus in question. With that in mind, it is worth taking stock of the game eligibility of an offer before you claim it. This offer may span several deposits or just the first one that you make. We felt by driving adoption to cashless wallets we could help casinos make their mobile apps much more useful and utility-based. We were a huge believer in cashless long before COVID-19. Despite the damage COVID-19 and its mitigation policies have inflicted on some sectors of the economy, they also present a perfect opportunity for Bitcoin companies like BitBoss to pitch their solutions to operators and regulators. BitBoss has already developed an integrated gambling system called “Bridge” with components for users, venue operators and hardware devices. Does Bitcoin present an opportunity to change the culture of casino gambling here too, and is this shift actually necessary?

Will your product rollout strategy change at all, or just the marketing message? This means that you will need an account with a casino, a Bitcoin wallet, and naturally, that wallet will need to have some Bitcoins inside it. This means that they can get away with offering players a bit more than sceptical gambling jurisdictions and commissions would normally allow FIAT currency casinos to do. As Dickson pointed out, gambling venues have historically been eager to use more efficient payment systems, moving from “quarters in buckets” to ticket systems in slot machines. This same debate happened when casinos moved from quarters in buckets to paper tickets printing from slot machines. BitBoss believes that once casinos understand the benefits of cryptocurrencies there will be a major adoption. Is there a particular resistance to this, or love of hard cash, in casinos? I think there was a resistance to this insight by regulators in the past. The theory is, if a customer needs to get up from the chair and walk to the ATM, then maybe they’ll cool off and think twice before they lose more money. Every gaming transaction is a combination of two things; money and data. The American Gaming Association (AGA) recently published a report calling for a more rapid move towards cashless systems in casinos and other venues.

He intereviewed BitBoss CEO Matt Dickson, who made the case for a Bitcoin SV gambling operation shortly after the AGA called for cashless systems in casinos. The AGA’s cashless call and current public mood mean the concept should be far easier to pitch to gambling venue operators, and BitBoss intends to do just that. The customer’s wallet sends a transaction to the blockchain over the public internet. How Long Does It Take Before My BTC Winnings Reach My Wallet? These Bitcoin casino bonuses can again span free spin bonuses, deposit bonuses and more besides. Free Spin Bonuses: Free spin bonuses may be offered as welcome bonuses or as other offers. Loyalty Bonuses: Loyalty bonuses and promotions offered by VIP clubs can be found at many Bitcoin casinos. The nature of these Bitcoin casino bonuses will vary and could include free spins, double loyalty points, re-deposit bonuses, prize draws, tournaments and much more besides. Much of Africa uses text messaging to send money. Casinos have a belief that money transmitters are an essential component to moving money.

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