Previously, players who had registered at a casino with crypto as their primary currency would have access only to games that supported cryptocurrency denominations in-game. This meant that if the game provider had not enabled cryptocurrencies, such as mBTC or mETH, as supported currencies, players would have to create a fiat balance in order to open the game. According to due diligence procedures, players with a fiat balance must disclose more personal information, such as full name, date of birth, and address.
Once players open a game with their crypto balance selected, they will be able to select a fiat currency to which their active balance is converted via the rates of CoinMarketCap. Therefore, in-game bets will register as those made in a fiat currency in the player’s betting history. All winnings, bonuses, and balance changes will be reflected in the base crypto currency. The player’s will see the exchange rate and their active balance in the game currency as they play, while their base balance will be recalculated after they close the game window.
With the launch of the currency exchange feature, players no longer need to register a fiat balance and make a deposit to play their favourite slots, table games, or live dealer titles. They will now be able to make bets across all available games and game providers offered at the casino. If previously the list of crypto-friendly game providers counted 40+ game studios, today players will be able to enjoy game titles from across all 170+ game providers available through the SOFTSWISS Casino Platform.
Upon release, all bets made in crypto will be registered as USD bets, with more fiat currency pairs to be added later.
Andrey Starovoitov, COO at SOFTSWISS had this to say: “I am pleased to share that we are moving forward in making more games available to our operators’ players. A currency exchange feature has long been associated with crypto dice brands, which have amassed a big audience for classic casino content. With the latest innovation in the form of the currency exchange feature, we are opening up our entire game portfolio for crypto players and operators. We are also simplifying the entire player journey and gameplay experience. SOFTSWISS has always been associated as a crypto-fist brand, and we are happy to reaffirm that position yet again.”
Crypto-casinos powered by the SOFTSWISS Online Casino Platform will no longer be limited in the number of game providers available and will be able to increase their game offering. Curacao-licensed casinos will also be able to take advantage of the currency exchange feature.
