INSIGHT BLOCKCHAIN - BITCOIN - LAND-BASED
ability of cryptocurrency to remove the need for physical cash is an appealing solution for many of Casinos Austria International's customers, and while it's not expected to be an option that will appeal to the mass market, Mr. Zurucker- Burda expects to see acceptance and growth from a small, but very important, group of players.
"We have players who want to play with us at different casinos within the group, but struggle with the transfer of funds, as many of these transfers take sometimes several days to process," explained Mr. Zurucker-Burda. "The adoption of a cryptocurrency payment method solves this issue, making it easy to exchange chips directly from a digital wallet within our land-based locations."
What's extremely important in the creation and acceptance of the ALEAx payments solution is that customers understand that while the cryptocurrency itself is provided by a third-party, in this case bitcoin, the facility to process the transaction within each land-based location comes from Casinos Austria International, a trusted brand for the player.
"We have players who want to play with us at different casinos within the group, but struggle with the transfer of funds, as many of these transfers take several days to process. The adoption of a cryptocurrency payment method solves this issue, making it easy to exchange chips directly from a digital wallet within our land- based locations."
"We are also making every effort to ensure that this is a very successful project, as we strive to champion new technologies within the gaming sector, both now and into the future," stated Mr. Zurucker-Burda.
ESTABLISHING ALEAX
Thomas Staudacher has worked in the casino industry for more than 15 years, and as an advocate for the adoption of new technologies, has seen developments evolve that provide both risks and opportunities for the gaming industry. As Managing Director of Casinos Austria International's ALEAx AG, it's his job to explore new technologies and their application within the gambling sector.
"We are working with experts in both blockchain and IT solutions," explained Mr. Staudacher, whose own role injects gaming experience to the three-pronged mix. "Our initial project in Lichtenstein is a start-up, with our team drawing in expertise from both the casino and technology sectors within an environment that is at the forefront of blockchain adoption and development."
Believe it or not, but Liechtenstein - the German-speaking micro-state wedged in the alpine mountains between Switzerland and Austria - is currently at the forefront of regulating this industry. On October 30, 2019, Liechtenstein became one of the first countries in the world to adopt a Blockchain Act (TVGT), which passed into law on January 1,
NEWSWIRE / INTERACTIVE / MARKET DATA P69
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170
