In this AffPapa exclusive, Erik Bergman, the founder of Catena Media and co-founder of Great.com, shares new details about the $1.25M cryptocurrency scam that impersonated...
IGT expresses interest in cryptocurrency transfers
The world’s largest slot machine manufacturer International Game Technology Plc is looking into offering cryptocurrency as a payment method on casino games.
On Tuesday, the company received a U.S. Patent and Trademark Office filings for a way to pass on cryptocurrency (such as Bitcoin) between a player’s gaming-establishment account and an external cryptocurrency account. In the gaming account, the crypto will convert to fiat currency after the payment of a small fee is completed.
IGT spokesman Phil O’Shaughnessy stated: “IGT secured this patent to bolster its industry-leading patent portfolio in anticipation of any possible future direction in regulated gaming involving cryptocurrency.”
IGT’s patent filings include plans for a mobile app that will permit users to deposit and various slot machines that will simplify actual bets. Moreover, the proposed drawing incorporated a live bitcoin wallet address and showcases how punters can move their crypto into their accounts.
If cryptocurrency is included as a payment option, it will also help casinos appeal more to younger gamblers. The COVID-19 pandemic has seen people’s interest in Bitcoin rise, mostly among millennials, since about 44% of them are already planning to buy the cryptocurrency within the next five years, according to the Tokenist’s October survey.
International Game Technology PLC (IGT) has officially rebranded as Brightstar Lottery, effective immediately, as the company prepares to become an independent...
