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SOFTSWISS Highlights Resurgence of Fiat Currencies in Latest Crypto Report


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With less than two months left in 2022, it is safe to say that it has been another year where cryptocurrency has been a hot topic across numerous industries, including the online real money gambling space.

As the first iGaming software company to work with cryptocurrencies, SOFTSWISS regularly shares the сompany report which includes the most recent insight into the performance of crypto coins across key products to inform the wider community about the market’s potential.

Before diving into the specifics of crypto, it is worth noting that during the first three quarters of 2022, total bets on the supplier’s platform increased by 33.1% compared to this period in 2021, showcasing significant growth of interest in its products.

Further underpinning the strong performance of the SOFTSWISS business model and its increased client base, the company’s GGR for the first three quarters was also up compared to the same period in 2021.

The growth was mainly driven by an increasing number of partners using the Casino Platform and the Game Aggregator solutions, with clients seeing a solid performance from both products. The difference in GGR year-to-date is a staggering 36,6% increase, with SOFTSWISS’ client base continuing to expand, ensuring bettors utilise the supplier’s array of products with both fiat and cryptocurrencies.

CRYPTOCURRENCIES DECLINE  

While the value of all bets in fiat currency increased by 8.4% on a quarter-on-quarter level and by 24,2% on a year-to-date level, there was an overall decline in the number of individual crypto bets placed.

Compared to the second quarter, the value fell by 5.9%. However, in comparison with the three quarters of 2021, we can note a more considerable drop in cryptocurrency bets – 23,5%.

Q2 highlighted the cyclical nature of cryptocurrency. While this is nowhere near the crypto winter the iGaming industry was crying out about, it does signal an upcoming downturn phase in cryptocurrency betting. However, seasonality will likely play a role in Q4 as it usually does towards the start of the holiday season, which sees an uptick in bets.

Commenting on SOFTSWISS’ latest report, Vitali Matsukevich, COO at SOFTSWISS, said: “Despite the numbers, interest in cryptocurrency among players and operators is only increasing. As a comparatively new phenomenon in the iGaming industry, cryptocurrency faces a volatile environment, depending on different economic and social factors. However, we expect crypto rates to increase in the fourth quarter of this year, which will be driven by current gaming activity.”

FIAT MARKET SHARE ON THE RISE

A significant number of bets, more than 70%, are placed with fiat currency, and crypto bets account for one-third of the total bet volume. It is also important to highlight that in a comparison of the three quarters of 2021, the ratio of cryptocurrency bets was definitely higher at almost 44% – and this is reflected in the chart in comparison with the same period in 2022. This difference from last year over the current year is explained by the positive fluctuations of major and minor cryptocurrencies during the Second Wave in 2021.

From the players using crypto coins, data shows that Bitcoin, Ethereum, and Litecoin continue to be the most common options. In general, players remain loyal to their chosen crypto coins, with Bitcoin having near-ubiquitous dominance, as more than 72% of all crypto bets were placed with the currency in Q3. However, there is a firm belief within SOFTSWISS that USDT betting will be on the rise.

The ranking of the cryptocurrencies most frequently betting in Q3 is shown as follows:

  • Bitcoin (BTC) – 72,8%;
  • Ethereum (ETC) – 14,5%
  • Litecoin (LTH) – 5,2%

One certain thing is that despite a continued decline in crypto bets in the third quarter of 2022, players still demand to use alternative currencies. More and more operators understand the importance of offering it as a payment solution, which is expected to continue.

The full list of the most popular cryptocurrencies is available in the company report.

Vitali Matsukevich commented: “Even though world events and crises of 2022 have quarterly impact indicators, prevailing market dynamics continue to favour cryptocurrencies and their use in online gambling. The crypto-friendly iGaming market remains relatively stable and is adapting in line with the global financial markets. We have a positive outlook on the future of crypto.”

 

About SOFTSWISS

SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,500+ employees, is based in Malta, Poland, Georgia, and Belarus.  SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a bitcoin-optimised online casino solution.

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nanocosmos is kicking off its 25th anniversary at ICE London 2023 to present refined features for real-time streaming at booth N9-322

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nanocosmos at ICE London, Feb 7-9, N9-322 - kicking off its 25th anniversary, celebrating 25 years of innovation
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The well-established and awarded provider for B2B interactive live streaming starts this year’s dedicated celebration of the company’s 25 years of innovation at ICE London.

Since nanocosmos joined ICE for the first time in 2018, the unique live video streaming platform nanoStream Cloud has raised the bar for live games and live bets being available anywhere at any given time on any device. Right from the beginning, the global gaming industry responded with fantastic feedback in regard to the ultra-low latency live streaming platform that delivers interactive content anywhere in the world on any device – even on mobile platforms, including iOS. The solution has matured and grown into a full featured end-to-end platform with a global network with hundreds of hosts for 24/7/365 operations. This includes unique live video streaming technology and additional tools for analytics and security. Clients from the iGaming and betting space particularly value the fact that the solution combines 100% stability with global access and allows platform operators to deliver interactive games with maximum quality of service and quality of experience for business applications around the world.

CEO and founder Oliver Lietz says: “In the midst of a rapidly changing industry, we noticed that next to the strong demand for games and betting to be available on any device anywhere in the world at ultra-low latency, it is incredibly important for our clients that they can rely on the stability of our platform. 25 years in the audio/video industry is a lot considering how we started in the video broadcast industry with software innovations from the ground off. I am proud that we can dedicate this year to celebrate sustainable innovation and partnerships, which have been our core values from the beginning.”

At booth N9-322, the nanocosmos team will showcase their product – nanoStream Cloud – with new features that highlight ease of use and refine the focus on Quality of Service and Quality of Experience.

 

New technical features to boost iGaming, betting and live casino include expanded global footprint, security, ease of use and the SRT launch

The smart spectrum of nanoStream Cloud delivers games in real-time, provides adaptive, data driven streaming for improved Quality of Service and Quality of Experience and relies on a strong Content Delivery Network, which has been significantly expanded over the last 12 months and which now further improves scalability to South America.

A series of new features make it easier and faster for stream administrators to manage and secure their streams: nanocosmos will launch nanoStream Guardian at ICE, which extends nanoStream Cloud’s security features to protect streams from misuse. Based on IP and referrer blocking, users can create blocklists for their organization and easily control which pages and users are allowed to play their streamed games.

In addition, new API routes are now available within Analytics: This allows customers to better observe their streams and to optimize the performance of their delivered content. Clients can now detect issues early during the ingestion of content, e.g., by receiving information about data not coming through or dropping bitrates. By contributing to a “healthy streaming workflow” right from the beginning, clients can optimize the quality of experience for their customers based on adaptive bitrate streaming on any device and network. Another highlight is the official launch of the SRT and Whip streaming protocols for improving live stream quality in bad network situations and from distant locations.

At ICE booth N9-322, the nanocosmos team plans to run special events and activities to celebrate 25 years of innovation.

 

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MGA Games presents Circus Mystery, the first slot game on the market featuring mini-games with hidden objects

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Jokers, cannons, and top hats welcome players to Circus Mystery, the new casino slot game from MGA Games. A game that invites you to explore the mystery behind its circus reels.

With great themed music, the slot game’s protagonist acts as the master of ceremonies and leads the players to the big circus stage. With its 5-reels, in the main game, artists, acrobats, and clowns present the most wonderful show in the world.

In addition, the slot game incorporates an outstanding innovation with its ‘hidden objects’ mini-games, which makes it the first slot game on the market with this new option. When a player gets 3 or more bonus symbols in the main game, they can access the Circus Mystery mini-games. There are 3 in total, the circus tent, the office full of mysterious objects, and the secret room of chests. Players are encouraged to play the different mini-games and find a hidden key. In two of them, players must locate the hidden objects, either manually or by allowing the game to do so automatically by clicking on the ‘play’ button.

Circus Mystery is a technologically perfect product, designed with MGA Games’ Triple View technology, that allows you to play from any device without waiting, thanks to sequential loading. MGA Games remain true to its philosophy of continually improving and offering better effects, graphics, and animations, as seen in this slot game. The moving birds, balloons, spotlights on the reels, and confetti celebrations all deliver the authentic magic of the circus.

Circus Mystery is a low-volatility game with 25 prize lines available in multiple languages. It will be available to international operators as of January 30th, 2023.

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Red Tiger’s Blood Suckers™ Megaways™ Allows Players to Hunt Down Creatures of the Night in Epic Revamp

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Red Tiger’s Blood Suckers™ Megaways™ Allows Players to Hunt Down Creatures of the Night in Epic Revamp
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Red Tiger has launched Blood Suckers™ Megaways™, a chilling revamp of the renowned NetEnt classic enhanced by the industry-changing MegawaysTM mechanics. This macabre game, where players are advised to hang tight onto their wooden stakes as they slay the vampires, comes in addition to great Red Tiger remakes of further successful heritage NetEnt titles, such as Gonzo’s Quest™ Megaways™ and Piggy Riches™ Megaways™.

Creatures of the dark manifest onto the blood-soaked reels as the game’s noir ambience tests the player’s nerves. Sliding the top of the randomly appearing coffins aside, players must drive a wooden stake through the sleeping vampire’s hearts for valuable rewards.

Random and Super Wilds will either summon symbols to complement Megaways™ matches or evoke random Ways Multipliers onto the reels, respectively. If at least 3 Scatters club together on the reels, they will take the player to Free Spins—the more Scatters, the more coffins the lucky players can open at the beginning of the Bonus Round. Unveiling the rewards in the coffins by killing the undead monsters, players can enter the moldy mausoleum for Free Spins, where they may be empowered by random Wilds, Super Wilds, Bonus Spins, and Wins Multipliers for potentially greater wins.

Gionata La Torre, Chief Executive Officer Europe at Evolution, said: “The sinister creatures of the classic NetEnt title make a second appearance in this epic revamp, spiced up with exciting new features. The team has done a fantastic job bringing together the best signature elements from our versatile brand portfolio to create a game that will thrill and entertain new and returning players alike. Better keep the garlic and holy water close – it’s time to go vampire hunting in Blood Suckers™ Megaways™!”

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