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PayPal Tops Wall Street Forecast: Taking One Stop Close To Being The Dominant Form Of Payment In Online Gambling

George Miller

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PayPal Tops Wall Street Forecast: Taking One Stop Close To Being The Dominant Form Of Payment In Online Gambling
Reading Time: 2 minutes

 

PayPal shares have soared according to the latest Wall Street figures, with revenue growth of the Silicon Valley company surpassing even its own forecasts and now standing at an incredible $3.68bn. One industry which has no doubt contributed to PayPal’s meteoric rise is the online gambling sector. As the casino experience has become more and more digital, so too have the methods that gamblers use to pay for their play. In this article we’re going to explore the different types of payment options, including PayPal, that gamblers use to see whether it is truly the dominant party.

For the few that might not know, PayPal is an American company that operates a worldwide payment system. They are based around online monetary transactions and serves as an electric alternative to paper methods of paying for products or services like cash, cheques and money orders.

Since its founding 20 years ago in 1998, PayPal has become one of the world’s most popular methods of paying for goods or services online, not least online gambling sites. The proliferation and rising popularity of PayPal being used as a core payment method for online casinos is because many companies offer incentives and bonuses if users opt for the American company. While security alone is often enough to encourage the use, the use of bonuses or free plays as incentives often provides benefits for both the user and the company themselves through lower or non-existent fees and easier, near-instantaneous transactions.

Neteller, on the other hand, is an e-money transfer service that was once predominantly used by merchant banks, trading and social network firms to withdraw and transfer funds for business transactions using their Net+ card accounts.

Over the years however, Neteller has garnered the trust of the gambling community for its thrill-free method of depositing, fast payouts and phenomenal security.

One reason Neteller has become so popular amongst gamblers is because it lets you trade in different forms of e-currency including Bank Wire and Bitcoin. Plus, thanks to its impenetrable security, the service has become particularly favored by high rollers, as it enables them to transfer large funds without fear of losing their winnings.

While those outside of the gambling industry may be none the wiser, Skrill Moneybookers has been the platform of choice for thousands of players in recent years. Skrill is a UK based e-commerce business that supports online monetary payments with a specific focus on low cost international transfers.

Founded in 2001, Skrill does not charge its customers a transfer fee when they send directly to a bank account, making it the most cost effective payment option to appear on our list. As a result few e-commerce companies are as well recognised and widely used in the online gambling industry as Skrill. Supporting 40 different currencies in over 200 different countries across the globe, Skrill is also regulated by the Financial Conduct Authority (FCA) meaning that every piece of information sent from Skrill to online casinos is fully encrypted.

As you can see, the battle for most popular form of payment in the online gambling industry has not been won just yet. While PayPal offers great incentivized bonuses, Neteller provides impenetrable security and Skrill gives you great value for your money, making them both worthy alternatives. Ultimately it’s up to your personal preferences, so the only question that remains is which will you choose?

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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InPlayNet appoints Salvatore Marino as CCO

Niji Ng

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InPlayNet appoints Salvatore Marino as CCO
Photo source: jamma.tv
Reading Time: 2 minutes

InPlayNet, the Germany-based igaming platform developer, has appointed Salvatore Marino as the new Chief Commercial Officer (CCO). He too charges from November 25. His aim is to make the InPlayNet platform to scale new markets.

Marino, an MBA from Cambridge, has more than a decade of international experiences in various kinds of betting companies.

“What is the use of accumulating experience if not to face more demanding challenges?” he said to those who asked him why he chose to get on board InPlayNet after having worked, the last three years, with a well-established company, at a recently held SiGMA conference in Malta.

“With this company, I feel I have a lot in common: we are both young, so with so much energy, but we already know the market in which we want to grow and will show our platform in Malta during the days of SIGMA. I found, at InPlayNet, people with the latest technical skills and above all a cutting-edge technology that is adapted to a constantly evolving demand within the industry. For my part, I am organising a sales and service network able to face any type of market: from those that are mature to those that are only now adopting a regulation, like Sweden.”

InPlayNet has just opened its new commercial offices in Malta, but the company’s 200+ employees are distributed between the Frankfurt office, where the company was founded, and London.

“I gave myself a short time and right from the start I will be busy on the main European jurisdictions. In addition to Malta, also UK, Spain and Scandinavia. InPlayNet is a winning platform for the innovative technical features and the commercial formula we have developed. We are very focused on sports betting activity, but the platform offers the full range of casino games. Being a turnkey solution, is complete platform that operators can use and set very quickly, complete with all the verticals that every operator needs in their targeted market.”

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Classic Lightning Box games updated

George Miller

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Lightning Box's Chartwell games upgrade
Reading Time: 2 minutes

 

Chartwell titles upgraded in HTML5 on SG Digital

 

Specialist slot developer Lightning Box has seen a number of its classic games upgraded in HTML5 in order to bring them to the next generation of players.

Popular titles including Chilli Gold, Frogs ‘n Flies, and Serengeti Diamonds were originally designed in Flash when founders Peter Causley and David Little first began designing content for Chartwell Technology in 2010.

But they have now been revamped in the most up-to-date format and will be distributed to European operators by SG Digital. Following a recent extension to that deal, they also have a route to online operators in New Jersey and Canada.

Peter Causley, Lightning Box managing director and co-founder, said: “Our Classic games have built up quite a reputation among players over the last decade or so and have quite rightly taken their place in the slots hall of fame.

“Players demand has seen them upgraded for the latest technologies on the most up-to-date devices and we are now able to put them in front of a new generation who are appreciating them afresh.”

Also chosen to be included in Lightning Box’s Classics range will be Diamond Tower, Angel’s Touch, Moon Temple, and Lost Temple.

 

About Lightning Box:

Lightning Box is a leading multi-channel supplier of video slots to the betting and gaming industries. The independent studio, based in Sydney, Australia, provides high quality gaming content to land-based, online, and social casinos around the world. It was founded in 2004 by former Aristocrat and IGT designers Peter Causley and David Little. Their combined forty five years’ experience has helped the studio produce a number of commercially successful games, such as Silver Lion, Lightning Horseman, Stellar Jackpots-Chilli Goldx2, Dragon Palace, Frogs ‘n Flies, Astro Cat, and Dolphin Gold. These, and their most recent releases, regularly feature in the top performing games of clients, including SG Digital, Microgaming (Quickfire), Incredible Technologies, Everi and High5Casino. For more information about Lightning Box, please visit www.lightningboxgames.com

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Cryptocurrency: Top 8 Women In Cryptocurrency

George Miller

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Cryptocurrency: Top 8 Women In Cryptocurrency
Reading Time: 2 minutes

 

With the dramatic rise in the bitcoin price, the word cryptocurrency has now become ubiquitous with masses. Now everybody who gets introduced to this marvel wants to learn more about it. When we think about any kind of currencies, the main area of concern remains the security.

Hence in case of cryptocurrencies, security has been given the paramount importance through the use of cryptography. Before understanding cryptocurrencies, you should first understand the concept of general currency itself. Money as the way we know i.e.

Cash, is simply a token we use to exchange goods and services. The piece of paper we carry in our wallets doesn’t have any inherent value. It gets its value from the fact that we people believe it to possess value.

In present times, the need for any physical token has reduced drastically and the focus has clearly shifted to virtual currencies. Like traditional currencies, cryptocurrencies too are digital currency except some crucial differences among the two like the widespread use of internet.

Let’s check out how cryptocurrencies are different from traditional currencies. First of all they are not issued by any government. They are created and controlled by computer programming and super specialized algorithms.

The users themselves along with their combined computing power execute all the aspects of the transactions pertaining to a particular cryptocurrency. No banks or intermediaries are needed for maintaining records or for processing the transaction.

This system, where the transactions are directly carried out by and among the users and the sophisticated computing machines is known as blockchain. The transaction happening over a blockchain is termed as ‘peer to peer’ transaction.

The second major difference between cryptocurrencies and conventional currencies is that the total amount of a particular cryptocurrency that can ever be in circulation is limited. Hence we see that conventional currencies work on inflationary model while cryptocurrencies has been designed to work on a deflationary model.

Women In Cryptocurrency: Top 8 Women In Cryptocurrency

Check out the following infographic on Top 8 women in Cryptocurrency, its all about the most popular Crypto women and their achievements to this industry. 

Women In Cryptocurrency

This infographic was developed by MrBTC.org, please go through it and let us know your thoughts.

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