Crypto in iGaming: 2023 Overview by SOFTSWISS
Is now the time to invest in Cryptocurrency? Insights from SOFTSWISS, a leading iGaming Company.It is anticipated that the digital gaming industry would continue to...
SOFTSWISS introduces its in-game currency exchange
In-game currency exchange has been introduced to the SOFTSWISS Online Casino Platform as a unique crypto-centric feature.
This latest update will allow users with crypto balances to enjoy games that do not directly accept cryptocurrency, as gamers before had to open a flat balance, which would require additional personal info (date of birth, name/ surname, etc).
Following the selection of a fiat currency, their current balance would be exchanged using CoinMarketCap pricing.
In-game bets would be recorded in the user’s betting record as all those placed in a fiat currency. From bonuses to winnings – all would be represented in the base cryptocurrency. Gamers would see the exchange rate and their current balance in game currency, and their initial balance would be changed after they exited the game window.
Andrey Starovoitov, COO of SOFTSWISS, commented on the new launch, stating he is delighted to be offering additional titles to its operators’ users. He continued:
“A currency conversion option has always been connected with crypto dice businesses, which have a large following for traditional casino content.”
The unique SOFTSWISS feature enables users to place wagers on all existing games and game providers at the casino, allowing them to use titles from over 170 game providers offered through the SOFTSWISS Casino Platform.
Starovoitov, went on to add:
“We are finally opening our complete game library to crypto users and operators with the latest advancements, the currency conversion tool. We’re also making the entire user journey and gameplay experience easier to understand. SOFTSWISS has always been connected with crypto-fist, and we are pleased to confirm that viewpoint.”
When it launches, all crypto bets will be recorded as USD bets, with other fiat currency pairings to be introduced later.
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