The world of online gambling using cryptocurrencies has grown tremendously around the world as more and more people turn to cryptocurrency casinos. As in the rest of the world, the trend is accelerating in Europe, including in Germany, where a growing number of traders consider current government regulations to be too restrictive and unacceptable.
Why more players are opting for crypto-casinos
The increase in the number of cryptocurrency casino gamblers is largely due to the decision to launch a new gambling law that simply did not work.
For example, the Revised State Gaming Treaty, effective July 1, 2021, sets the maximum bet per round of play at €1. But although there are many online casinos without this limit of 1 euro, these do not have a German license. For local casino operators, the law imposes many other restrictions that force players to look elsewhere:
Operators are required to report players’ gambling behavior, including their deposits and wagers, to a central federal database. This surveillance is what has drawn many people into crypto-casinos – offshore casinos whose business activities take place on exotic islands such as Curacao – where they can play pseudo-anonymously.
To help new players enter crypto-casinos based on limited experience with the industry and cryptocurrencies, online casino software giant SoftSwiss.
SoftSwiss – The software for crypto-casinos
SoftSwiss was founded in Belarus in 2008 and initially developed software for auction houses. However, since 2021 the company has mainly focused on online casino software. The company’s technology offers modern and highly flexible solutions that casino operators can easily integrate into their platforms.
SoftSwiss has over 800 employees worldwide and its technology is currently integrated into hundreds of online casinos.
Manage fiat currencies and cryptocurrencies with CoinsPaid
With the adoption of cryptocurrency increasing rapidly and its use in online casinos becoming increasingly popular, SoftSwiss began integrating virtual currencies into its payment modules. The team also decided to develop a wallet – CoinsPaid.
Key Features of CoinsPaid Wallet
Compatibility : the wallet is designed to ensure that the interfaces between the payment module and the casino are 100% compatible.
Support for multiple currencies : CoinsPaid is a dynamic wallet that currently supports 25 virtual currencies and 40 fiat currencies.
No charges : Users do not pay any fees for transactions to and from casinos, except for the miner fees of the respective coins and tokens.
Built-in exchange : The wallet also has a built-in crypto exchange that supports one-click exchange of all supported currencies.
Cryptographic entry made easy
For all online casino visitors who come into contact with virtual currencies and crypto-casinos for the first time, SoftSwiss has the perfect solution under one roof.
There’s certainly no problem with most other wallets either. Here, however, most become the “German Michel” again and prefer to have everything from one source. In this case, SoftSwiss offers an excellent one-stop-shop for all online casinos.
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Crypto Casinos and Online Gambling with CoinsPaid
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