Gambling platforms and casinos must adapt to technological advancements if they seek to stay afloat and outperform their competitors. Cryptocurrency adoption and inclusion is a fast-rising trend among many business owners that diversifies payment for customers. Manufacturers of online casino platforms are also integrating cryptocurrency payments into their platforms quickly to attract more players and offer them a convenient, secure, anonymous system to make payments for goods and services. Here’s what you need to know before integrating cryptocurrencies into your casino.
What is a White Label Crypto Casino Solution?
A white label crypto casino solution provides ready-made cryptocurrency payment solutions that can be integrated into online casino platforms. These solutions are often versatile, so casino owners can choose one or more routes to accept and payout cryptocurrency to customers. More online casino platforms are integrating PTPShopy, a white-label crypto gateway offering white-label payment solutions that are easy to set up with low cost.
Benefits of Integrating Cryptocurrency Into Casino Platforms
Cryptocurrency payments in casinos provide a better avenue of earning more revenue. Apart from offering multiple payment channels to your existing customers, integrating the cryptocurrency option expands your clientele population to crypto enthusiasts. Other benefits of ingrowing cryptocurrency into online platforms include the following:
Low Transaction Fees
Dealing with cryptocurrency eliminates expensive transaction fees associated with fiat banking, which deters many players from using casino platforms. Low transaction fees allow for more playtime and more revenue for the casino. PTPShopy charges <1% per successful transaction, benefiting both the user and casino platforms which is considerably low when compared to other fiat payment gateways. With PTPShopy, there are no hidden charges, monthly or membership fees to pay.
Global Access
Online casinos looking to stretch their influence across borders can do so comfortably with cryptocurrency. Players all around the world who were once unable to play due to payment restrictions can now do so using cryptocurrency. They can also earn their rewards using any cryptocurrency of their choice.
Heightened Security
One of the key factors contributing to fast and secure gambling payments in 2024 is the implementation of blockchain technology. Casino platforms alongside cryptocurrency payment gateways ensure the security of their players’ financial information by eliminating the need for intermediaries that can tamper with vital information. Crypto gateways employ additional mechanisms like KYC (Know Your Customer), biometric scanning, and PCI SSL to enhance the player’s experience and maintain their trust in the casino platform.
Privacy
Online casino platforms offer their players anonymity and privacy when they offer cryptocurrency payments. Unlike traditional payment that requires detailed personal information, cryptocurrency preserves your anonymity, ensuring you play without exposing your identity or spending habits.
How can Casinos Incorporate Cryptocurrency into their Platforms
Casinos can choose to integrate cryptocurrency into their platform through diverse payment channels as offered by their chosen white-label solution provider. PTPShopy is an all-in-one solution that employs cutting-edge technology to executive fast and secure payments. Casinos with PTPShopy Payment solutions enjoy user-centered features that ensure easy navigation, a secured payment that protects the player’s anonymity, and lightning-fast transactions. PTPShopy is continually committed to providing the best and most reliable payment channel for online casinos in diverse ways that include:
Integrate the Payment API Into Online Casino Platforms
Casinos can offer cryptocurrency payments via an API that can be integrated seamlessly into your casino platform. The developer-friendly PTPShopy API is a simplified payment option for online casinos willing to offer cryptocurrency payments. Via the API, PTPShopy manages the payment process from beginning to end, allowing online casinos to provide crypto payment facilities without requiring unnecessary risk, cost, or technical knowledge.
The API is flexible enough to accommodate both simple casino projects and complex platforms, allowing for automated payment with cryptocurrencies like Bitcoin, Litecoin, Ether, and more than 100 other cryptocurrencies. One main benefit casino platforms with PTPShopy payment gateways enjoy is real-time exchange rates and a feature-rich environment that allows casino platforms to keep track of and control their payout and payment history.
Integrating the PTPShopy API provides casino platforms access to other PTPShopy services. Online casinos can also designate a unique API for every branch they open, and each network has a different time frame for money to arrive in their digital wallet as transactions need to be validated on the blockchain. The PTPShopy checkout page improves your players’ payment experience, which allows them to complete their payments quickly.
POS Payment Solution for Physical Casino Stores
Since cryptocurrencies offer a quicker and more affordable means of making monetary exchanges, physical casino stores can also integrate crypto payment for their users. The PTPShopy point-of-sale (POS) solution offers an avenue for crypto payment via the casino’s computer or smartphone. Using a scannable QR code, casino players can make payments by swiping or scanning the code to make payments with any cryptocurrency of their choice.
At the merchant (casino) end, each successful payment can be confirmed within a short while. For customer validation, the integration is first carried out in a test environment and validated by PTPShopy-qualified experts to reduce the possibility of errors during the production phase.
