BitLine and FinClusive announce partnership to revolutionise digital asset compliance for casinos
The partnership will use blockchain to transform the casino payments landscape and enhance the overall consumer experience
The partnership will use blockchain to try and transform the casino payments landscape and enhance the overall consumer experience.
BitLine, the industry provider for casino chip access directly from cryptocurrency in the physical casino environment, is using patented technology to enhance the casino experience for patrons; it uses a real-world application of blockchain to drive customer engagement for casinos by removing the friction that patrons typically experience when opening liquidity.
Speaking on the benefits of the partnership, Richard Jones, Founder of BitLine, said: “We are working together to revolutionise the casino payments landscape using technology and experience to put Blockchain at the forefront of effective payment solutions 24/7/365.”
FinClusive, a regulatory technology and compliance credentialing platform, will provide its Compliance as a Service (CaaS) solution to BitLine with KYC and KYB support that will enable digital identity credentials as part of the global onboarding of patrons in the casino industry. BitLine will further utilise these tools for ongoing client and transaction monitoring of digital assets to ensure an end-to-end compliant gaming environment.
Amit Sharma, Founder and CEO of FinClusive, gave his thoughts on the partnership.
Sharma said: “We empower businesses with the modernised compliance tools they need to succeed, and we are excited to partner with BitLine and support their efforts to deliver innovative gaming products in a manner that complies with the most rigorous international anti-money laundering standards.”
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