Gaming

Increase Your Online Casino's Profitability With Cryptocurrency Integration

Keep Players Coming Back by Accepting Alternative Payment Methods

Written by Joe Maltese Posted by Carolina

Joe Maltese

Online casino gaming has exploded in popularity within the last decade and continues to evolve to meet the needs of players worldwide. Nowadays, operators have the opportunity to capitalize on new trends in payment software to increase their client base and keep players coming back.

The integration of Bitcoin APIs to an online gaming platform's (OGP) payment gateway is one of the newest trends to hit the iGaming industry. Bitcoin is a cryptocurrency and a new form of peer-to-peer online payment system that is not governed by a bank's authority. Bitcoins can be obtained primarily through mining, a complex process where an individual uses specialized software to add transaction records to Bitcoin's public ledger of past transactions, which is called the "blockchain." Network nodes verify the legitimacy of the Bitcoin transaction records added to the blockchain. If accepted, new Bitcoins are created and awarded to the individual in a proof-of-work logic. This system controls how many new Bitcoins are distributed and how existing ones are spent.

Bitcoin gambling has quickly grown in popularity primarily because it offers faster transactions than using a traditional banking method and it allows customers to play with total anonymity since it is its own currency that does not use a client's bank account information to complete the transaction. Additionally, players can transfer funds anywhere in the world and avoid inconvenient exchange fees.

Alongside cryptocurrency integration, Android Pay and Apple Pay joined the list of popular and acceptable payment methods for customers. Casino operators have already begun implementing their APIs onto their casino payments software for faster and more secure transactions.

When it comes to online payment transactions, there is no room for error. Clients want their money fast and complying with this essential aspect of an OGP, as well as offering clients more than one way to claim their winnings is critical to your success. Integrating these new methods of payment to an OGP's payment gateway simplifies the transaction process, boosting the user experience in a way that will keep players coming back to your online casino.

For more information on how to get expert help with integrating these payment methods or other online casino gaming development services, visit chetu.com/online-casino

Founded in 2000, Chetu is a global provider of mobile app development, software solutions and support services. Chetu's specialized technology and industry experts serve startups, SMBs, and Fortune 500 companies with an unparalleled software delivery model suited to the needs of the client. Chetu's one-stop-shop model spans the entire software technology spectrum. Headquartered in Plantation, Florida, Chetu has fourteen locations throughout the U.S. and abroad.