Future of Blockchain in Gambling Space Explored in ASEAN Gaming Summit 2019
March 20, 2019
What is Blockchain? What are its benefits? Who uses it? Day 2 of ASEAN Gaming Summit 2019 puts blockchain's role in the gaming space in the spotlight.
Entropay is a company that started with a mission to make online payments “universally accessible.” It started in 2003 in Malta and has since introduced the first virtual Visa card in Europe. Since then, Entropay has become one of the most popular payment methods in online casinos.
The payment gateway asserts that it is the fastest way to send and receive money online. In fact, it claims that it transfers 288 times faster than a SEPA bank transfer and up to 8,600 times faster than other Fintech products. Plus, the company assures that its customers’ funds are secure thanks to anti-fraud measures in the system.
Entropay acts as a debit card that you can use to make secure online payments. To get one, you simply have to go to the official website and create an account. You have to fill in the required fields and choose a currency.
Once the system verifies your account, you can proceed to create a card. You just have to click the Create Card button and fill in the cardholder’s name. After that, you can top up your Entropy card so that you can make a deposit in your chosen casino.
The company boasts that it has compelling features that has made it a popular choice for casino deposits and withdrawals. These are:
Entropay’s virtual card is available for use on stores across the world. Moreover, it supports payments in EUR, GBP, and USD. Just make sure to check your preferred casino to see if it accepts this method for deposits and withdrawals.
Entropay boasts that transfers take less than 30 seconds to complete. This is faster than the 24-hour processing period posted by payment channels like Mastercard and Neteller.
Keep in mind that the system charges you with a certain amount when you add funds to your Entropay account. Fortunately, the fee is minimal and will not make much of a dent in your account.
Unlike other debit cards like Maestro and Visa Electron, Entropay functions as a cash-out method as well. The only condition is that you must have made a successful deposit in your Entropay account within the last six months.
As of 2019, though, Entropay has stopped accepting registrations for new accounts. Moreover, the company stated that cardholders would no longer be able to top up their accounts using credit/debit cards and bank transfers. Users are also advised to be aware that the functionality of the card will be gradually reduced in the coming days.