Here is a comparison of CoinPayments, BitGo, and CardPay—three well-known electronic payment processors used by those in the iGaming industry.
The emergence of cryptocurrency as an alternative to fiat currency has provided online casino bettors a faster, easier, and more comfortable way of funding their gaming sessions.
Through decentralized blockchain technology, crypto transactions could happen from almost anywhere in the world at any time possible—all for a significantly shorter amount of time compared with fiat transactions. Thanks to cryptos, players need to wait for only minutes—not days—to fund their accounts and to receive their winnings.
Looking to bring the said benefits to the iGaming sector, plenty of companies have integrated cryptos into their electronic payment solutions. Three of these have caught the attention of the online casino and sports betting community. These are as follows:
One of the most popular in eCommerce, CoinPayments is a secure crypto payment method that charges as little as 0.5 percent on commercial transactions.
It would not be a problem if a player holds only Bitcoin (BTC), Litecoin (LTC), Dash (DASH), or Dogecoin (DOGE) as CoinPayments supports more than 1,000 digital coins. Not only that, but this payment method can also auto-convert cryptos for the coin holder’s convenience.
Players who love the vast crypto options offered by CoinPayments should check out MatBet, an online sportsbook and casino that hosts Fruits & Jokers: 40 Lines by Playson and more titles by different developers.
@mikebelshe talks with @jenwieczner on today's Balancing The Ledger. "BitGo has the largest dedicated research and development team, solely purposed toward security, of any company in the world." $Dash now supported. $XLM coming soon. https://t.co/YIurrjdHZf … pic.twitter.com/UVB3O6igfO
— BitGo (@BitGo) October 5, 2018
Supporting more than 100 cryptos—including Bitcoin—BitGo is considered by many as one of the most secure crypto wallets on the market.
BitGo uses multi-signature scheme and two-factor authentication—among other security features —on its wallets to keep the players’ funds safe from malicious attacks.
Players can play with ease of mind on FortuneJack Casino as this gaming hub counts BitGo as one of its payment methods. This casino has a huge gaming library, which includes software developed by Betsoft Gaming, Microgaming, and other game creators.
Busy and productive week at #SIGma2018 in #Malta is finished. Thanks everyone for visiting @Cardpay_Inc booth. We’re really happy to meet our old and new friends 🙂 See you soon, guys! Cheers! #Friends #cardpay #igaming #payments #fintech pic.twitter.com/1dguOpbi7V
— Cardpay Inc. (@Cardpay_Inc) November 30, 2018
Online casino players searching for reputable wallets can opt for gaming hubs that support CardPay. This secure payment processor is one of the few that can boast principal membership on JCB International, Mastercard Europe, UnionPay International, and Visa Europe.
One of those gaming hubs is EGB, an online betting site that offers odds on some of the hottest esports tournaments in the scene, including League of Legends (LoL), Dota 2, and Counter-Strike: Global Offensive (CS:GO).
After wowing attendees of SiGMA 2018 in Malta, CardPay will exhibit its products in the United Kingdom in February for ICE London 2019.