Latest News
Crypto, Instant Withdrawal and Security Features – How the iGaming Industry Is Modernizing
The iGaming industry has gone through numerous tech transformations during the last decade. Just two decades ago, casino sites were treated as a curious novelty, accessible only to online users with a good internet connection and a computer.
But, as you can probably notice, things have changed. Nowadays, thanks to an array of technological advancements, online casinos are modern gaming destinations available on tablets, smartphones, and computers. The popularity of online casinos has skyrocketed in recent years due to their willingness to continue to integrate different technological innovations that ultimately improve the online gambling experience.
On top of these changes, with the rise of new tech innovations, many online casinos are set to implement new tech trends that will further redefine the entire iGaming industry. In this article, we will take a look at some of the latest changes in the iGaming sector that include the integration of cryptocurrencies, new security features, and instant payments.
Cryptocurrencies
Cryptocurrencies have been around for over a decade, but they haven’t received nearly as much attention as in 2020 and 2021. During Bitcoin’s last bull cycle, the media, as well as many new businesses and individual investors, took notice of the huge money-making potential of Bitcoin, and as a result, many online businesses decided to accept crypto payments.
Online users would be able to make purchases with their crypto funds, and they can also use cryptocurrencies on online casinos. In fact, shortly after the successful bull market phase in the crypto market, a lot of online casinos decided to support major cryptocurrencies by adding them as a payment option on their platforms.
Cryptocurrencies, in general, are associated with low transaction fees, short processing times, and enhanced security and privacy for their online users, which is why online gaming platforms decided to jump on the crypto bandwagon. So, you can expect instant and safe deposits and withdrawals from reliable online casinos. On casino portals like time2play.com, you will be able to find the best casino sites with instant withdrawals, no withdrawals limits, and other advanced features.
Security of Online Casinos
When it comes to the security of online casinos, there are multiple regulations in place to protect the sensitive data of casino players. First things first, all online casinos that are licensed and regulated by reputable gambling agencies are considered safe. Not only do they fulfill the requirements of the regulatory body, which include an RNG certificate and appropriate security measures, but they also continue to operate according to the law and provide safe and fair casino games to their online casino members.
The popularity of online casinos has become a dominant aspect in many countries around the world that have decided to further improve security measures by organizing their own gambling agencies that are in charge of supervising the work of online gambling establishments.
On top of that, modern online casino sites need to stay on top of the latest technological innovations in order to ensure the data of the users is protected at all times. They generally utilize 128-bit SSL encryption technology, which is designed to ensure safe data transfer from casino players to operators. Also, due to the advanced encryption technology, the sensitive data becomes unreadable to third parties.
That said, this isn’t a flawless system, and SSL encryption technology has demonstrated a certain vulnerability in some cases. As a response, TSL – Transport Layer Security was developed, and it is an advanced and more reliable version of SSL encryption technology that incorporates new security mechanisms.
The safety of digital casino games is equally important for casino players. Random Number Generator or RNG has been used in casino games in order to ensure that each casino game produces a random outcome. RNG algorithms don’t need any external input, but they rely on a so-called seed number which is unknown, in order to reduce the chances of hackers tampering with the casino games.
The RNG technology is quite advanced because it has been tested numerous times, and also online casinos can choose to collaborate with independent testing agencies that will further test the fairness of the casino games.
Online Payments
Without the appropriate payment methods, online casinos would not have reached this level of success. Casino sites today provide a variety of payment methods while they remain focused on secure payment options which feature instant deposits and withdrawals. No one likes to wait a week to withdraw their funds or to add more money to their accounts. This is a major factor in the popularity of certain casino sites.
Fortunately, you can actually find quite a lot of digital wallets, including PayPal, among many other options, which are also accessible on mobile devices. PayPal is known for its instant deposit as well as withdrawals, and it’s a favorite payment method for a lot of casino players. Not only is it widely accessible, but also the brand is notoriously careful with its partnerships, so you can be confident that casino sites that offer PayPal as a payment option are completely reliable.
Skrill operates in the same realm as PayPal, and for casino players that can’t use PayPal – Skrill is definitely one of the most sought-after payment options. It supports over 30 currencies, and it’s available in over 100 countries. Next, Paysafecard is known for offering secure payments and online payment flexibility. You can instantly receive or make payments by using a 16-digit Paysafecard PIN number.
In summary, online casinos are dedicated to offering lightning-fast withdrawals, and for this reason, they offer a plethora of e-wallets and mobile wallets, as well as cryptocurrencies.
Bottom Line
In conclusion, online casinos continue to implement various tech innovations that are designed to create a safer and more immersive gaming experience. For example, virtual reality technology for once has proved to be a valuable asset for online casinos and developers. There are quite a few VR slots, as well as table casino games, that are available to casino players. So, it’s safe to say that the only constant in the iGaming world is change.
Latest News
7-Eleven selects Jackpot.com as their official lottery partner
Online Lottery Courier Service Jackpot.com Announces Exclusive Collaboration with 7-Eleven, Inc.
Jackpot.com will serve as the official lottery courier service of 7-Eleven, Inc., initially launching in Ohio and Massachusetts
Jackpot.com – the online lottery courier service that allows consumers to purchase official state lottery tickets on their phone, tablet, or computer – announced today an exclusive collaboration with 7-Eleven Inc., the largest convenience store chain in the world, to serve as their official lottery courier service.
As part of the collaboration, 7-Eleven customers in Ohio and Massachusetts will be able to sign up and play lottery games and scratchers on the Jackpot.com app or website. The program will initially be launched in over 600 7-Eleven and Speedway stores in Ohio and Massachusetts, with a special launch promotion that gives 7-Eleven customers a free lottery ticket on their first deposit by using promo code, “7Eleven”.
“We’re thrilled to work with 7-Eleven, the leading retailer of lottery tickets in the country,” said Akshay Khanna, CEO and co-founder of Jackpot.com. “Leveraging our technology and innovation, we can provide additional convenience for their customers, while adding an additional source of revenue. A true win-win relationship for all.”
By launching in Ohio and Massachusetts in 2023 and 2024, respectively, Jackpot.com aims at adding another avenue for player convenience with one of the most widely recognized brands in the convenience-retailing space. With a presence in Ohio, the nation’s seventh-largest lottery market, and Massachusetts, whose state lottery produced $1.2 billion in net profit for the Commonwealth during the 2024 fiscal year, Jackpot.com’s collaboration with 7-Eleven represents an added layer of accessibility for players.
Jackpot.com remains committed to responsible play and has significantly invested in protocols by allowing customers of legal age to set spend limits and limits on daily deposits, all while providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help should problematic behavior be detected. Jackpot.com is also the only lottery courier service to launch with an iCap certification from the National Council on Problem Gambling.
To learn more, visit jackpot.com. First-time users can also download the official Jackpot.com Lottery App on the iOS or Android App Stores, where available.
eSports
The World Esports Summit 2024 Is Here!
The IESF World Esports Summit returns this December to Busan, South Korea. Hosted at the Busan Esports Arena (BRENA) from December 5-6, the Summit will bring together prominent figures from Esports, global brands, government officials, and sports executives for a deep dive into the current Esports trends, its rapid transformations, and future challenges.
This year’s theme, “Building Bridges, Not Barriers, Through the Power of Esports,” will highlight the role of Esports in uniting cultures, ideas, and industries. Under the slogan “We Empower Success,” the
Summit provides a great platform for Esports experts to engage in meaningful discussions and sessions, sharing their insights on trends and presenting forward-looking ideas for our industry.
The event, strategically timed at the close of the competitive season, presents a perfect environment for reflection on the year’s biggest events, industry shifts, and the next steps for Esports. Attendees can follow the expert’s perspectives on topics like:
- (R)Evolution in Esports
- East Meets West
- Esports Integrity: The Role of Referees
- The Rise of International Esports Competitions
- (In Korean) Korea’s Secret Sauce etc.
Also, featured at this year’s event are the IESF World Esports Training Camp and the World Esports Referee Academy.
These are very important IESF programs that are aimed at advancing the skills and professional standards of the next generation of Esports leaders.
Join us in Busan for two days designed to inspire, connect, and empower the international Esports community.
Registration for the World Esports Summit is free and open to all interested attendees.
To register, please complete our online registration form: iesf.formstack.com/forms/wes2024_participation_registration
See you in Busan!
eSports
Akhil Sarin CMO at Easygo named as key note at ICE Esports Conference
Clarion Gaming has confirmed that Akhil Sarin CMO at Easygo, the technology powerhouse behind the success of global brands Stake and Kick will headline the Esports & Games Conference (EGC) taking place on 21 January as part of the ICE Barcelona experience. As a key member of the executive team, Akhil Sarin has been instrumental in securing the high-profile partnerships that have accelerated Stake’s growth, including the Stake F1 team, UFC, Drake, and Premier League Everton FC.
Through these strategic alliances he has amplified Stake’s brand presence at the same time as creating unique, immersive player experiences, in the process setting new industry benchmarks.
Announcing the high profile speaker Will Harding, Head of Esports at Clarion Gaming said: “Securing Akhil Sarin as EGC key note at ICE Barcelona represents a remarkable opportunity for our attendees to gain invaluable insight into cutting-edge strategies in digital and influencer marketing .
“Akhil’s expertise with Stake and Kick.com embodies the forward-thinking, innovative approach that defines the digital marketing landscapes. His participation underscores the calibre of knowledge-sharing that we are committed to delivering at ICE and he is sure to both inspire our attendees and elevate their strategic perspective.”
Looking ahead to ICE Barcelona, Akhil Sarin stated: “Collaborating with Clarion Gaming at ICE Barcelona is an exciting opportunity to showcase Stake’s journey and continued focus on bold partnerships and creative marketing strategies that resonate with audiences.”
He added “The EGC is a vital platform for exchanging transformative ideas and shaping the future of gaming and entertainment. I look forward to discussing Stake’s vision and collaborating with industry leaders to inspire growth and innovation across the sector.”
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