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Cryptos as number 1: 40% of casino deposits at Softswiss

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Reading Time: 4 minutes

 

The Internet offers virtually endless possibilities, but this unfortunately applies to both users and any scammers. This already starts with fake stores that pull money out of customers’ pockets via prepayment, but do not send any goods at all. Unfortunately, casinos are often affected by this as well, because there are also fraudsters who act in this way. This considers  the online casinos as well as the users. The Stake Review on Casino.Guide is a highly respected online casino that caters to players who make their deposits with cryptocurrencies. The good news is that SoftSwiss saved more than EUR 10 million last year through its anti-fraud service. All the important news on Softswiss.com will inform you about the recent numbers.

The Stake Casino

Stake Casino is primarily aimed at players who like to realize their banking, betting and bonus offers with cryptocurrencies. However, in addition to the various currency options, the casino also offers an excellent online casino experience. Stake Casino was founded in 2017 and is licensed in Curacao. With the extensive gaming offer and likewise with the sports betting area, Stake has long attracted attention in the casino world. The official betting partner of Stake is the world-renowned and extremely important martial arts organization UFC, which of course provides additional trust. Thanks to this sponsorship, the operator was able to win the great athlete Israel Adesanya as a Stake brand ambassador.

Unlike its competitors, Stake relies exclusively on crypto payments. However, this does not mean that you can only pay with Bitcoin here, as other digital assets are also accepted as payment methods. These include Ripple, Litecoin and Ethereum, among others. High rollers will feel especially comfortable here that there is no limit on transactions.

Stake’s offer includes not only attractive campaigns, but also a very individual VIP program. Additional tournaments and events are also offered here. According to the turnover, the bonuses are paid out here per week or month as a bonus and without turnover requirements.

The transparency of the online casino Stake is also particularly worth mentioning, because the details of all promotions are also available for non-registered guests. Especially in the area of data protection Stake.com proves to be particularly safe. Here, the registrations are possible exclusively with the 2-factor verification.

SoftSwiss provides a fraud prevention solution

Even though the casino software manufacturer SoftSwiss is not really known in the world of players and users, it is all the more well-known and popular among online casino operators. Ultimately, many online casinos use the software from SoftSwiss. Just to name a few, these casinos include, for example, Spinia Casino, N1 Casino or Playamo Casino.

After all, the SoftSwiss software is designed precisely so that it can detect fraudulent activity and even minor suspicions are detected. The immediate intervention, then ensures the protection of players and of course the operators.

However, the SoftSwiss software not only offers the anti-fraud service, but there are also solutions for the verification of players. Such games are immediately closely monitored and screened accordingly. As a result, they must first submit some documents so that a withdrawal is possible at all. It is imperative for the casinos to know exactly who they are ultimately dealing with. At the same time, online casino operators must also always be meticulous about fulfilling their licensing requirements. To make this clear, they must always make sure that they are not allowing minors to gamble, for example.

Thanks to the verification made possible by the SoftSwiss software, many fraudulent players are already noticed here in advance. Exactly these games are namely not able to submit the appropriate documents. In addition, counterfeits are also quickly detected in this way. Furthermore, additional verification mechanisms from the SoftSwiss anti-fraud service also ensure that fraudulent players are quickly detected.

Online gambling and the different types of fraud

A fact, which is by far not known to users of online casinos, lies mainly in the fact that not only the dubious online casinos represent a real danger, but also from the casino players a not insignificant danger. These scammers often harm the operators to a considerable extent. There are some types of fraud that contribute to the fact that these rogue players, the online casinos downright fleece and so get the money with unfair means.

The rather unknown types of fraud

In fact, the abuse of bonus offers provides a real damage to the online casinos. Moreover, the same applies if several player accounts are opened at the same time in a casino. Another problem is the use of gambling manipulative software. Another method that is often used is collusion with other players for the purpose of gaining an advantage in live casino games.

In addition, other abusive behaviors are also meant, which contradict the terms and conditions of the casinos. For online casinos, the fraudulent behaviors are of course damaging to business, because no one wants to be cheated last. However, exactly this behavior, can be well detected with the help of the anti-fraud service of SoftSwiss.

Protection against fraud is fundamental for all participation

The online casinos must of course act immediately as soon as a fraud is detected. Here it must be clear that it is ultimately namely not only exclusively about the money of the operator, but certainly also about the money of other players who operate a fair. As soon as a fraud is discovered, this usually results in the immediate exclusion from the casino in question. But this is only the first step, because the online casino operators, the fact that immediately a criminal complaint is filed, also the possibility of the cheater from all other online casinos of the respective provider to exclude, and even extend this to other providers.

Thus, the anti-fraud software from SoftSwiss not only ensures that fraudulent intentions are detected early and can thus be prevented in advance, but it also protects the online casinos themselves. It also ensures that online casinos operators can block the fraudster for other sites and close existing accounts in a very simple and uncomplicated way.

Blockchain

The Metaverse in 2022 and Beyond

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We launched the first edition of our metaverse report in July 2021.
Then, the metaverse, NFTs, and blockchain gaming transitioned from being largely unknown concepts to ubiquitous terms on the lips of
every major brand or investor. Despite the hype somewhat cooling down in recent months—partly as a result of the global macroeconomic situation—interest in the metaverse as a natural and immersive successor to the 2D internet is still at an all-time high.
The transition from Web 2.0 to Web 3.0 will not only impact the modus operandi of (major) brands, but also the way in which consumers live, work, and experience entertainment.
The evolution of simulated, 3D worlds presents a particularly massive opportunity for brands. The transition from diffused physical spaces
and into virtual worlds provides them with a new opportunity to reach a highly condensed mass of users that is more difficult to both
approach and monetize through other forms of advertising. This transition into virtual worlds can only accelerate as the current
generations of digital natives age and as virtual experiences become more authentic. Fast-moving brands like Nike, Louis Vuitton,
Balenciaga, or technology brands like Meta—to name just a few—recognized this shifting of the tide and have already developed
metaverse strategies.
Moreover, while NFTs and blockchain games have experienced a spectacular 2021, a severe drawback in the crypto market along with
fears of a global recession have both led to public interest and coin valuations substantially waning in recent months. As a result, this
correction will likely end most of the (low effort) endeavors in these areas. Nevertheless, we remain optimistic about the future and remain
confident that the top projects will succeed.
Given how fast-moving this space still is, an elemental understanding of the building blocks and trends that surround it is essential.
Therefore, in this report, we identify and discuss the top 10 prevailing trends in the metaverse, blockchain gaming, and NFT space.
Understanding these trends (and what drives them) will help companies endemic to gaming, consumer brands, and consumers alike
to navigate the murky waters of the metaverse, along with its connection to NFTs and blockchain games. We hope you find this
report insightful and useful for shaping your strategy in 2022 and beyond.

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Latest News

Armadillo Studios to release its first branded slot – The Lioness with Amanda Nunes

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Armadillo Studios to release its first branded slot - The Lioness with Amanda Nunes
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Armadillo Studios announces the upcoming release of its first branded slot, featuring the famous Brazilian MMA champion Amanda “The Lioness” Nunes. The new title will be live on August 2, 2022.

The Lioness, Armadillo Studios’ first branded title featuring the legendary Brazilian athlete Amanda Nunes, will increase the studio’s reach of new player bases and demographics.

The slot will be launched on August 2, after the title rematch with Julianna Peña on July 30 in Dallas, where Nunes is set to reconquer her title as the UFC bantamweight champion.

Amanda Nunes is an ambitious fighter who doesn’t show weakness in her matches, being one of the best ground wrestlers in MMA and going toe-to-toe with the world’s most skilled fighters.

The slot captures Amanda Nunes’ successful career by taking the players to the UFC cage. They can experience the world of MMA fighting through various interactive mechanics, a unique Fight Feature, Free Spins, a Lioness Link bonus, and a Fortune Bet mode that upgrades Nunes’ punching power.

The smooth gameplay, great soundtrack, and animations create a captivating slot showcasing a true champion with many wins under her belt.

David Stoveld, COO of Armadillo Studios, says: “As we make strides in our U.S. market expansion, we realize the importance of branded content. We are thrilled to finally be ready to release a slot centred around a true, one-of-a-kind MMA icon. The Lioness slot has really come together, and we are proud of the final game product as well as the opportunity to work alongside the legendary Amanda Nunes.”

Amanda Nunes’ global presence will significantly boost Armadillo Studios’ reach in the localized U.S. market and provide some well-needed gender balance to the casino vertical.

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Asia

Galaxy Racer appoints Syed Ibn-E-Ali as Chief Financial Officer for South-East Asia

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Galaxy Racer appoints Syed Ibn-E-Ali as Chief Financial Officer for South-East Asia
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Galaxy Racer (GXR), the transmedia powerhouse focused on esports, content creators, music and sports, has appointed Syed Ibn-E-Ali as its new Chief Financial Officer for SEA. In his new role, he will mainly focus on the growth, strategy and finances of Galaxy Racer in South-East Asia.

Joining Galaxy Racer with over 14 years of experience in financial administration and operations management, Ali brings with him a deep understanding of Software as a Service (B2B), eCommerce and the video games industry, taking on major positions across multiple regions including the USA, South Asia and APAC.

Having worked at the top level of finance at significant tech, media and gaming companies, including Rocket Internet and Streamline Media Group, Ali will be bringing his considerable experience driving media and gaming companies forward to Galaxy Racer’s operations in South-East Asia.

In his new role, Syed Ibn-E-Ali will be responsible for helping with the organisation’s expansion across the SEA region, as well as focusing on the structuring of all Galaxy Racer’s SEA offices, policy implementation and corporate governance.

With an outstanding track record of building strong business partnerships, optimising business processes and delivering strategic growth, Ali’s rich experience in accounting, auditing and finance will give Galaxy Racer an exceptional foundation for success in South-East Asia.

Syed Ibn-E-Ali, Chief Financial Officer SEA at Galaxy Racer said: “The continued growth of Galaxy Racer speaks for itself, and I’m so excited to join the team as the Chief Financial Officer for SEA, and help take the brand’s presence in the region to the next level. Entertainment, especially esports has become one of the most hyper-growth industries in Asia and is evolving at a tremendous pace. So it’s incredibly exciting for me to be with Galaxy Racer, at the very forefront of that growth.”

Mitch Esguerra, CEO SEA at Galaxy Racer commented: “It’s a pleasure to have Syed Ibn-E-Ali join us as our new Chief Financial Officer for SEA. His vast levels of experience and expertise at the top levels of the finance industry, alongside his passion for the esports and gaming industries, will be vital for us as we continue to grow in the region and build our global footprint.”

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