Two pioneers in the crypto gaming industry, SOFTSWISS and CoinsPaid, recently shared their exclusive views on the growing crypto gaming market. Brands have witnessed a rapid expansion, which had already been recognized in the report of the 1 st quarter of Game SOFTSWISS Aggregator, since the revenue cryptomonnaie had reached 26% by the end of March. Today, cryptocurrency turnover has increased to 31%. It took just two months to get past the old figure.
The data further confirms a strong trend for the rapid growth of gambling using cryptocurrency. This share was only valued at 6% at the end of the first quarter of 2020, while it continued to tread on the heels of fiat money.
“The number of transactions processed through our services has been growing steadily since 2019, but in 2020 we have increased our transaction volume fivefold. Since the start of the pandemic, the demand for cryptocurrency payment solutions has increased, and we no longer see any turning back.
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There are still obstacles to making cryptocurrency accepted everywhere, but we are already seeing a huge global change in this area, reflected in new legal initiatives, the development of CBDCs, and most importantly for us, the big financial institutions. who are starting to accept cryptocurrency and embark on cryptocurrency infrastructure projects.
All of this means that the cryptocurrency processing market is becoming increasingly competitive and the race for the industry’s top spot is on. We are happy to report that today CoinsPaid is the leading payment service provider in the online gaming arena, and we are targeting other niches as well. We should expect that cryptocurrency processing will become widespread across different economic sectors globally within a few years, ”says Max Krupyshev , CEO of CoinsPaid.
Regarding the main cryptocurrencies used in the field of gambling, Andrey Starovoitov , COO of SOFTSWISS, points out that “BTC remains a strong currency and remains the most popular to date with 78.5% of penetration of the gambling market. Its closest competitor is ETH with 9%. Ethereum is one of the other cryptocurrencies that players tend to favor when it comes to gambling. It has had its ups and downs since its launch, but we don’t think its popularity will surpass that of bitcoin at this point. “
SOFTSWISS is a pioneer in the crypto gaming market. Indeed, this innovative technological brand was the first in the world to launch an online casino accepting cryptocurrencies, powered by its own online casino platform and the CoinsPaid cryptocurrency processing solution.
CoinsPaid offers a range of services aimed at providing easy, convenient and secure access to cryptocurrency and fiat currency transactions, both for the needs of businesses and individuals.
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