Online
casino gaming has expanded within over the past decade, and continues to evolve
to meet the needs of new and existing players. Software developers have the
opportunity to monetize off of new payment software trends to increase their
customer base and improve brand loyalty.
Payment
gateways allowing transactions via Bitcoins and other cryptocurrencies is one
biggest innovations to hit the industry. Cryptocurrencies are a new form of
peer-to-peer online money and are not subject to a bank's rules and regulations.
Bitcoins can be “mined”, a process involving the use of specialized “proof-of-work”
logic software to add transaction records to the cryptocurrency’s public ledger,
called a "blockchain." Network nodes verify transaction record
legitimacy. If successful, new Bitcoins are rewarded to the miner.
Bitcoin
gambling has become more popular because it allows for faster transactions than
traditional banking. It also allows customers to pay with total anonymity, because
the cryptocurrency is stored in an independently controlled wallet that does
not require the user to provide personal details. Players can also transfer
funds anywhere without incurring transaction fees.
Casino
operators have also begun implementing APIs from Android Pay and Apple Pay for
faster and more secure transactions. By adding credit card and bank info to
their Android and Apple Pay wallets, users can pay on-the-go using passcode
verification and fingerprint recognition methods. Purchases remain private
because Google and Apple do not store financial information on their servers.
Clients want
their money fast and they want more than one method of claiming their winnings.
Integrating new payment methods to a gateway simplifies transactions, improving
user experience so that players will coming back for more.
To learn
more about the work software specialists can do to integrate new payment
methods -- as well as any other online casino gaming services, visit
Chetu.
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