BitLine, a blockchain payments technology company, unveils its latest casino payments platform enabling cryptocurrency transactions in casinos, providing a cashless funding solution for both physical and online casinos. The BitLine platform enables users to directly purchase casino chips with cryptocurrency in 600 casinos and 2,000 cages across the USA. The platform supports Bitcoin, Ethereum, USDC, and USDT. The platform allows users to access up to $10 million in casino chips in under 20 minutes and is available 24/7 at participating casinos worldwide.
“We are excited to bring direct use of blockchain technology and digital assets in the form of cryptocurrency to the casino payments marketplace. Our patented technology, attention to compliance, and transaction monitoring capabilities will make the BitLine payment product a game changer for the casino industry,” said BitLine CEO Richard Jones.
Addressing Industry Pain Points
In the past, obtaining sufficient gaming funds required comprehensive preparations, including fixing credit lines, wiring money in advance, or carrying large sums of cash. These practices posed security threats and regulatory challenges. International travelers and cryptocurrency holders face lengthy banking procedures and potential tax implications.
BitLine removes these obstacles with a streamlined, secure, and tax-efficient solution that gives patrons casino chips access without liquidating their digital assets. This innovation has become valuable as casinos prioritize cost-effective and efficient cryptocurrency payment alternatives.
How It Works
Users can initiate a transaction in just a few steps using the BitLine mobile application. Below are the steps on how to use the platform:
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Transfer eligible assets into a BitLine custody account.
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Choose the preferred digital asset for the transaction. BitLine can be used to transact with both online and physical casinos. Users can process Bitcoin, Ethereum and stablecoin payments using the platform.
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Select the casino and specify the transaction amount.
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Finish the casino’s approval process for the first transaction.
Patrons can access their funds immediately and securely once they have completed the KYC/AML and transaction monitoring processes.
The Technology Behind BitLine.
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BitLine’s platform is a blockchain payment platform incorporating best in class compliance software and secure digital asset custody processes. The patented BitLIne technology incorporates blockchain capabilities for casino payments and is currently integrated into over 600 casinos and 2000 casino cashier cages throughout the USA and UK.
Market Differentiation
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BitLine is it the only casino payments platform that provides direct casino chip liquidity in both the online and physical casino spaces. The patented technology allows for transactions up to $10,000,000 USD in less than 20 minutes.
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Each participating casino has the flexibility to create customized setting to meet regulatory requirements as well as internal operating procedures and controls.
BitLine Partnerships
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BitLine is currently partnered with the largest casino payments provider in the physical casino space.
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Bitline has partnered with best in class custody, KYC/AML, and transaction monitoring services.
Flexible Fee Structure and Control
With a transparent fee structure, BitLine ensures its users know the terms of their transactions upfront. This way, customers can manage their transactions, empowering them to make informed decisions about their finances. Fees start at 5% for transactions completed providing users flexibility and control over their assets. Patrons can also opt to liquidate digital assets or buy them back to close transactions, minimizing additional costs or taxable events.
A Transformative Solution for Casinos and Patrons
“We are reshaping the future of casino payments by delivering access to immediate liquidity at scale, giving both patrons and operators of today a seamless and on demand experience,” said Jones.
BitLine reduces the dependency on traditional fiat funding methods in casino operations that are dependent on the support of the banking system and their hours of operation. This enhances customer satisfaction, boosts revenue potential, and operational efficiency.
Security and Compliance
BitLine knows how crucial it is to comply with stringent regulatory standards and casino-specific internal controls in today’s gaming houses. As such, the brand partnered with the largest casino payments company and developed state-of-the-art security measures to meet these standards, enabling it to deliver a secure and compliant service.
Corporate Responsibility
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BitLine supports responsible gaming to assist casino patrons self-exclude from participation.
Customer Support
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BitLine provides 24/7 customer support and dedicated managers for casinos and their patrons alike. To learn more about the platform, visit https://bitline.io.
About Bitline
BitLine is a financial technology platform that bridges the gap between digital assets and casino floor liquidity. The brand provides casino users with instant access to funds while maintaining the integrity of their digital portfolios by leveraging advanced blockchain technology and secure financial protocols. Transparency, security, and efficiency are crucial to the brand as it is redefining payment solutions in the gaming industry. With a user-centric approach, BitLine eliminates the need for traditional funding methods, paving the way for a tax-efficient and streamlined alternative for acquiring gaming capital. Users can expect flexibility, innovative features, and a commitment to responsible financial practices when using the platform. With partnerships across a growing network of prestigious casinos worldwide, BitLine is poised to redefine the global gaming experience.
Media Contact
Company Name: BitLine
Contact Person: Richard Jones
Email: Send Email
Country: United States
Website: https://bitline.io/