Cryptocurrency gaming has increased significantly across the world as more people turn to cryptocurrency casinos. As in the rest of the world, the trend is rapidly spreading in Europe, including Germany, where a growing number of traders view current government regulations as overly restrictive and unacceptable.
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Why more players are opting for crypto casinos
The rise in cryptocurrency casino players is largely due to the move to roll out a new gambling law that just didn’t work. For example, the State Gaming Treaty, in force since July 1, 2021, has the maximum bet per game round at €1. But while there are many online casinos without this €1 limit, they do not have a German license. For local casino operators, the law imposes many other restrictions that make players look elsewhere. Operators are required to submit players’ gambling behavior, including their deposits and bets, to a central federal database. This monitoring is what led many players to crypto casinos – offshore casinos whose business operations are on exotic islands like Curaçao – where they can gamble pseudo-anonymously. Online casino software giant SoftSwiss seeks to help new players enter crypto casinos even if they have limited experience with the cryptocurrency industry.
SoftSwiss – The software for crypto casinos
SoftSwiss was founded in Belarus in 2008 and originally 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 and cryptocurrencies with CoinsPaid
With cryptocurrency adoption rapidly growing and its use in online casinos becoming more popular, SoftSwiss has started to integrate 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.
Multi-currency support: CoinsPaid is a wallet that currently supports 25 virtual currencies and 40 fiat currencies.
Duty free: Users do not pay any fees for transactions to and from casinos, except mining fees for the respective coins and tokens.
Integrated Exchange: The wallet also has a built-in crypto exchange that supports one-click exchange of all supported currencies.
Easy encryption entry
For all online casino visitors coming into contact with virtual currencies and crypto casinos for the first time, SoftSwiss has the perfect solution in one place. There are certainly no issues with most other wallets either. Here, however, the majority reverts to “traditional German” and prefers to have everything in one source. In this case, SoftSwiss offers a great one-stop shop for all online casinos.
