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Crypto, Instant Withdrawal and Security Features – How the iGaming Industry Is Modernizing

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pandasecurity.com
Reading Time: 4 minutes

 

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.

Interviews

Thunderkick’s secret to success: The importance of a localised approach

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Thunderkick’s secret to success: The importance of a localised approach
Reading Time: 3 minutes

 

In our latest Q&A, we sat down with Thunderkick’s Key Account Manager: Andrea Brioschi. In the piece he talks about the importance of localisation and targeted comms in specific markets, as well as the intricacies of the Italian market.

 

Although Thunderkick is an established provider in Italy, how important is it having a native speaker to build and maintain strong partner relations in the market?

A localised approach is key in any market, but it is particularly important in Italy, where the natives are typically very traditional people. Italians like to communicate in their own language, and it is far easier to forge relationships when you share traditions and can understand cultural references relating to a specific way of life.

Certain marketing strategies that work in other European jurisdictions won’t necessarily be effective in Italy, so having a native managing client relationships is pivotal in enhancing operational efficiency. Like any industry, iGaming is about building and maintaining relationships, and a targeted approach will not only help establish connections, but can also aid in delivering country-bespoke content and marketing campaigns.

 

In your position working across multiple jurisdictions, what are the differences in how the Italian market operates?

The Italian market is incredibly unique and comes with its own challenges. The strict regulatory guidelines make marketing new products tricky, with various game approval processes in place and numerous certificates required. As a result, the process can sometimes take up to a month, meaning a huge amount of prior planning is necessary in order to meet deadlines.

This is why it’s essential to have someone in place who works within the market, day in, day out. You can no longer navigate the Italian market as a salesperson. Instead, you must have a broad spectrum of knowledge and experience within sales, compliance, and legislation.

 

How has your position as a native Italian speaker helped resolve previously encountered issues?

Thunderkick’s approach in Italy has allowed us to build relationships with a host of reliable partners, which are crucial when it comes to launching games. Previously, due to the processes in place, games would often be released days, sometimes even weeks later in Italy. With the right coordination and planning, as well as optimised communication, we can work ahead of schedule to obtain certification early, streamlining the product launch process so that games can be released on the same day in Italy as they are across the rest of Europe.

Effective communication is the most important aspect. Having a native speaker means nothing gets lost in translation and the correct message can be relayed from our Italian partners back to the Thunderkick tech and compliance teams, in turn allowing for rapid and efficient problem-solving.

 

What are the key benefits of adopting a tailored approach to commercial activities in a market and what impact has this had on revenue?

At Thunderkick, we strive to provide the best possible service to our customers. Something which may seem inconsequential, such as having similar experiences growing up, can be more significant than you think in fostering strong relationships. I have the opportunity to really get to know our partners, allowing us to tailor our approach according to their preferences.

It is also necessary to understand what resonates with players in a specific market, paving the way for bespoke content and targeted communications. We can now make predictions about which games will be more successful in Italy and create a marketing campaign across the relevant channels to appeal to the target audience. Ultimately, this tailored strategy is a key factor in amplifying player acquisition, enhancing player experiences, and driving commercial revenue growth. This has been apparent, with Thunderkick’s Italian operations thriving alongside the expansion of the market.

 

Do you think the success of Thunderkick’s localised approach in Italy will impact future decisions to employ native speakers in targeted markets?

Having seen the impact of our localised operations in Italy, Thunderkick has already taken steps to replicate this strategy. With the emergence of the promising Latin American markets, of which we have recently launched in Mexico with Rushbet and Colombia with Luckia, Thunderkick has taken steps to appoint a Spanish-speaking Account Manager, Ariadna Ölund.

Ariadna will contribute to forming relationships and tailoring our approach in the established Spanish market, as well as across the Atlantic in Latin America. It is difficult to predict where the next hub of iGaming will be, and therefore it is vital to remain flexible and build a diverse team with expertise across global markets.

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BETBY IMPROVES BETTING EXPERIENCE WITH THE LAUNCH OF UPDATED BET BUILDER

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BETBY IMPROVES BETTING EXPERIENCE WITH THE LAUNCH OF UPDATED BET BUILDER
Reading Time: < 1 minute

 

BETBY, a leading sports betting provider, has unveiled an upgraded version of its Bet Builder feature, aimed at enhancing the experience for sports betting enthusiasts worldwide.

The Bet Builder from BETBY allows users to effortlessly combine various markets within the same match, enabling them to create unique, personalized bets based on their own analysis and preferences.

What distinguishes BETBY’s Bet Builder is its exceptional flexibility. The latest version enables players to choose not only classic markets and common statistics like corners and bookings, which are common across all betting platforms, but also markets that depend on extensive statistical data. These include a range of options from offsides and shots on target to throw-ins and total shots at goal.

This enhanced flexibility allows players to combine multiple Bet Builder selections within a single match, spanning 11 sports, including four disciplines from esports.

Sergey Tsukanov, Chief Product Officer at BETBY, commented: “This development reflects our dedication to providing our partners with the Sportsbook features they need to enhance their offerings. Our updated Bet Builder not only enhances the player experience but also creates new revenue opportunities for operators by attracting a wider audience. We are committed to continuous improvement and innovation to ensure a unique and profitable experience for our partners.”

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Latest News

Embark on a quest for treasures in Playson’s 3 Pirate Barrels: Hold and Win

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Embark on a quest for treasures in Playson’s 3 Pirate Barrels: Hold and Win
Reading Time: 2 minutes

 

Playson, the accomplished digital entertainment supplier, invites players on a thrilling voyage in its latest release 3 Pirate Barrels: Hold and Win.

Set against the backdrop of an atmospheric cove, Playson’s top-performing 3 Pots mechanic returns in this swashbuckling sea odyssey boasting huge in-game jackpots, a bountiful Bonus Game, exciting Pirate Coins and an Extra Coin Feature.

In this energetic adventure, six or more themed golden compass symbols trigger the Bonus Game where the player-favourite Hold and Win mechanic comes into play.

Whenever one or more Pirate Coins appear on the reels during the main game or free spins, there is an additional chance of triggering the Bonus Game with barrel features. Each barrel collects Pirate Coins of the same colour – green, red or blue. The combination of the barrels which have activated the Bonus Game determine the variety of features awarded.

The Extra Coin Feature electrifies gameplay by transforming the Extra Coin into a green, red or blue Pirate Coin at random. It will then either randomly activate an additional barrel feature or enhance the active one with an extra coin. Landing three pirate ship-themed Scatter symbols during base play triggers the Free Spins round where eight are awarded. Fortunate players who then secure a further three Scatter symbols are granted an additional eight spins maximising players chances of lavish wins.

Lucky slot enthusiasts can also scoop one of the game’s four fixed jackpots with Mini, Minor, Major and Grand Jackpots offering corresponding values worth up to a whopping x5,000.

3 Pirate Barrels: Hold and Win underlines Playson’s ability of elevating renowned game series with fresh and innovative features to keep players captivated worldwide.

Tamas Kusztos, CCO at Playson, said: “3 Pirate Barrels: Hold and Win offers a sea voyage like no other. Our Bonus Game with themed coins and barrels provides vast opportunities for grand wins with the Extra Coin feature further enhancing the title’s captivating nature.

“We are meticulous when we decide to release a new addition to a top-performing game family and remain confident our latest offering is a quest not to be missed.”

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