The gaming industry is an ideal use case for crypto payments as despite being fully regulated and compliant, online casinos and betting websites are considered high-risk merchants by all of the credit card networks, resulting in numerous costs and challenges in accepting payments from their existing or potential user bases, including
- High transaction fees
- Chargebacks and fraud
- Regional blocks
Even the bigger names in the industry, publicly listed companies, like 888 and Betway, fall under this high-risk merchant category and as such, face the same costs and challenges.
As a result of using our whitelabel payment solutions, gaming companies are able to generate more revenue by allowing more users to make deposits from more regions, while also increasing their profit margins as a result of decreased payment friction and costs. This is a true win-win and one of the main reasons our whitelabel solutions are being adopted by so many gaming companies.
We recently announced that Bingo websites, BingoCafe, BingoLiner, BingoCabin, and JetBingo are using Blockchain Dollars as a preferred payment option for their hundreds of thousands of users.
Dafabet, one of the world’s most prominent global gaming groups, with over $1B USD in annual revenue, is now using Ultra eWallet as a payment option for their 1.5m unique visitors per month.
We’re are also providing our whitelabel payment solutions to dozens of other merchants in the gaming space, including Soft Gamings, a top company in the gaming industry, and Kindred Group, one of the biggest online gaming operators, whose brands consist of 11 brands, among them Unibet, Maria Casino, 32Red, and iGame, and many more. Furthermore, several top merchants have signed on, including BetWarrior, Entertainment Art, and 10bet, which is one of the world’s biggest gaming platforms.
The gaming industry has a global annual turnover of $50B USD and despite the rapid adoption of our whitelabel payment solutions, we’ve only just scratched the surface with our existing customer base. Each new high profile gaming company we add to our whitelabel solution customer base sends a message to both the crypto and gaming industries that adoption has arrived and gives our business development team real-world working use cases to pitch and show other potential gaming customers.
As always, Stay COTI!
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io
Twitter: https://twitter.com/COTInetwork
Telegram: https://t.me/COTInetwork
Github: https://github.com/coti-io
Discord: https://discord.me/coti
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf
