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.
SOFORT is an online banking service based in Germany an under the company running Klarna. Since it was founded in 2006, it has processed an average of 2 million transactions per month. It also supports all kinds of online payments, including those for betting sites.
Similar to some online casino payment methods, SOFORT’s service is simple. Casino gamers do not need to create an account as long as their bank is connected with SOFORT. To start, they must choose the payment method in the Cashier section of their casino. A pop-up window will then appear where players must input their details and the amount they wish to transfer. After an authentication process, the amount will be credited to the casino account.
As long as a deposit was made via SOFORT, withdrawals using that method are possible. The process is simple with that of topping up one’s account. What makes the process quick, though, is that the login details are saved into the casino system. As a result, the cash-out takes place instantly.