More industries are adopting the use of cryptocurrency and the Aussie I-gaming industry is no exception. There’s no denying that cryptocurrencies will stay for good and more online casinos will allow their players to use them. It is for this reason that SoftSwiss developed its cryptocurrency payment platform.
It was SoftSwiss casinos that first introduced blockchain and Bitcoin in gambling operations, recommending the inclusion of cryptocurrencies as an acceptable form of payment. And thanks to the Betpokies team, we can discuss how SoftSwiss is changing the I-gaming industry including the online casino gaming scene in Australia.
The Basics of the SoftSwiss Platform
SoftSwiss holds the record as the first-ever firm to offer a turnkey crypto solution for casino operations. This happened at a time when cryptocurrency in online casino gaming worlds was very much considered the dark horse.
Even long-time gambling industry players had little appreciation for what cryptocurrency can do and how fast it will change the online gambling landscape.
SwiftSoft’s payment processing solutions offer strong security features. Not only that, the Bitcoin payment solution makes it easy for casino operators to administer payments seamlessly including allowing players to fund this account using this currency instantly.
Aside from Bitcoin, the cryptocurrency solution of Softwiss can accommodate other major cryptocurrencies such as Ethereum, Dogecoin, and Litecoin.
Today’s Crypto Gambling
The online casino industry has always been relatively quick to adopt innovations and technologies, recognising that casino lovers are on the lookout for new platforms that offer massive convenience.
The same can be said for the cryptocurrency gambling industry as the number of online gambling sites and sportsbooks accepting cryptocurrencies has been on the rise. Bitcoin online casinos are becoming larger in number and even better with additional features and more casino games in their libraries.
And it’s not just Bitcoin that is being widely accepted in many online casinos. More gambling sites are also adopting the use of other less popular cryptocurrencies like Dogecoin, or Ethereum.
The Advantages of CryptoCurrency in Online Aussie Casino
With more Aussies playing at online casinos, we can expect more of them to take advantage of what cryptocurrencies have to offer as a payment method. Data from the Australian Communications and Media Authority showed that one out of 10 Australians said to have participated in online gambling in the last six months.
There’s no doubt that the future of online casino gambling not only in Australia but around the world, will be built on blockchain technology. This is not surprising given the many advantages offered by cryptocurrencies such as decentralisation, security, and transparency. It would be exceptionally hard for online casino operators to stick strictly to traditional forms of payment.
There may be many obstacles to overcome in crypto gambling since there are many concerns about cryptocurrencies’ volatility. However, these hurdles will start disappearing one by one as technology evolves further.
For now, we can be sure of cryptocurrency gambling’s rising popularity especially since it offers many advantages. These include the following:
- Quick and anonymous payments. Thus, players don’t have to wait for several days for their withdrawal processing.
- Low or even zero transaction fees.
- Higher return to player (RTP). Higher RTP means lower house edge and this means players enjoy better value for their deposits.
- Better control of crypto assets.
- No upper limits are set on cryptocurrency by many online casinos.
- Better Security. Blockchain protects both the personal and financial information of players.
A Real Driving Force
It’s not enough for Softwswss to be the first one to launch crypto gambling platforms. The firm, after all, is not one to rest on its laurels.
Recently, SoftSwiss has announced that it has updated its casino platforms so it can offer in-game currency conversion from players’ balances that are in crypto value. Previously, cryptocurrency could only be converted to one single currency, namely the United States dollar.
The update means any of the nine currencies can be used in the in-game value conversions. For casino operators, this means they can offer more games with the SoftSwiss game library.
These currencies include:
- Australian dollars
- New Zealand dollars
- Euros
- Russian roubles
- Canadian dollars
- Japanese yen
- Norwegian krone
- Brazilian real
Final Words
Cryptocurrency is not going anywhere and it is for this reason that SoftSwiss continues to innovate to make crypto gambling as accessible and convenient for many as possible. And as more Aussies try their luck at online casinos, we can only expect SoftSwiss to continue to lead and be a strong driving force behind crypto gambling in Australia.
Gambling can be addictive and a destructive habit. If you or your loved one is suffering from a gambling problem, kindly seek help by calling the Gambling Helpline: 1800 858 858.
