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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.
CryptocurrenciesÂ
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 CasinosÂ
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 PaymentsÂ
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 â 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 LineÂ
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.
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Pirate Multi Coins â Feature-rich New Title from Fantasma Games
Slots players are taken on a swashbuckling adventure as they seek to unlock the Golden Chest in latest release from Fantasma Games
Pirate Multi Coins, a 6 reel, 5 position slot, is the latest title to hit the market from the Stockholm-based developer, Fantasma Games.
Golden Multi Coins are the key to unlocking big wins and features, with a random number of Coins appearing on each spin. Coins can hold either a monetary or multiplier value, and landing five on a spin awards all values shown.
In a break from standard slots, Pirate Multi Coins features no set paylines, with wins achieved when eight or more matching pay-symbols appear anywhere on the thirty-position matrix. Each win combines those symbols into another Coin, helping trigger the Multi Coin feature. The remaining spaces are filled by an Avalanche, which is Fantasmaâs proprietary take on cascading reels.
Another air of suspense comes in the form of the Golden Chest at the top of the playing area. Any Coins landed during a spin which does not trigger the Multi Coin feature are added to the Golden Chest. The Golden Chest can trigger during any base-game spin where a coin is added to the chest, which rains more coins down upon the reels, guaranteeing a Multi Coin feature.
Finally, there is also a Free Spins feature, where landing four or more Scatter symbols awards fifteen free spins. Retriggers are also available during the feature, with three Scatters awarding five more free spins, and four Scatters awarding an additional fifteen spins!
Pirate Multi Coins comes with RTP options of 86%, 94.35% and 96.08%, sits at the medium range of the volatility scale and has a max win potential of 4999.x. It features a Scatter Boost option as well as a Bonus Buy for jurisdictions where this is applicable.
Fredrik Johansson, Founder and CEO of Fantasma Games, said: âIn our first venture into the quintessential Pirate slot theme, Pirate Multi Coins brings a host of great features to all types of players.
âWith multiple ways to trigger our various features as well as a medium level of volatility, we hope that it really appeals to every type of slotsâ fan looking to find some buried treasure.
âPirate Multi Coins takes to the high seas in thirty-four languages across our network of amazing operator partners on April 30th.â
Casino Games
BetMGM is launched in the Netherlands, bringing an authentic Vegas experience to the Dutch market
The golden Vegas offerings and entertainment of BetMGM is coming to the Netherlands, following a successful launch in the UK. BetMGM will offer a best-in-class Las Vegas experience to deliver a new golden era of online casino and sports betting in the Netherlands. Leveraging LeoVegas Groupâs proprietary technology and platform, the launch marks a significant step in the brandâs international expansion.
BetMGM, the entertainment and sports brand known for its golden offerings and authentic Vegas experience, is launching in the Netherlands. The new brand is set to provide customers with exciting new product features, including large-scale jackpots, loyalty rewards, exclusive slots, as well as unique and compelling sports promotions. Utilising LeoVegas Groupâs proprietary technology and platform, this expansion into the Dutch market represents the second European launch, succeeding a well-received rollout in the United Kingdom.
Gary Fritz, President of MGM Resorts International Interactive, said âWe are thrilled to launch BetMGM in the Netherlands and build on BetMGMâs successful expansion into global markets. The Dutch market offers an exciting opportunity and will be an important part of our international expansion efforts and strategy to become a global gaming leader.â
Gustaf Hagman, Group CEO at LeoVegas Group, said âOur launch in the UK was tremendously successful, and we eagerly anticipate bringing the golden Vegas experience to the Netherlands. This launch in the Dutch market is an important step in our international expansion, but we have much more in store.â
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New focus for safer gambling as Clarion confirms launch of Sustainable Gambling Zone
The Consumer Protection Zone (CPZ), which since its launch at ICE 2018 has developed to become the highest profile feature on the ICE show floor has been re-branded to become the Sustainable Gambling Zone (SGZ).Â
The strategic decision has been taken following extensive stakeholder consultation and is set against the heightened importance placed on proactive customer interventions at earlier stages of the player journey.
The SGZ will be debuted at Julyâs iGB L!VE prior to its official launch at ICE 2025, the first edition of the industryâs most influential b2b gaming show to be held at its new home in Barcelona
Clarion Gamingâs Director of Industry Insight and Engagement, Ewa Bakun, who has seen the CPZ develop to become the key platform for the industry to advance its understanding and implementation of safer gambling measures and raise standards said: âI must stress that this is much more than just a cosmetic exercise. Instead, the Sustainable Gambling Zone, with its refreshed focus, will engage with the broader stakeholder group of operators who are focused on long-term sustainability, something which goes way beyond simply meeting the regulatory mandate.
âThe overarching objective of the Sustainable Gambling Zone is to be at the vanguard of initiatives to help develop healthy play from the outset which includes the incorporation of safer gambling considerations from the very start rather than as a compliance requirement.
âWhile not yet standard across the whole of the industry, this more holistic approach underpins the safer gambling dynamic. Its goal is to create a more sustainable business in which players continue to enjoy their gambling entertainment experience with the small proportion who are at risk of developing problems pro-actively identified and assisted by operators.â
Clarion Gaming Managing Director, Stuart Hunter added: âThe relocation to Barcelona will enable us to expand the ICE and iGB Affiliate offerings but also raise the bar in terms of what we already deliver on behalf of the international industry.
âThe intended broader appeal of the Sustainable Gambling Zone dovetails with our relocation and will bring the SGZ closer geographically to continental Europe and closer culturally to the Latin American markets that we serve.
âBarcelona will open a new chapter for ICE/iGB Affiliate and their respective features, not least the Sustainable Gambling Zone.â
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