DAOWallet is a


Crypto also sits separately to the typical closed world of finance, which means that cash-out and transactional processes are far faster. Blockchain technology also allows players to verify the randomness of their games’ outcome – ensuring that the casino is not setting unreasonable odds in its favour.


How has crypto-based betting been affected by the global lockdown?


Crypto has certainly shown some volatility during (and due to) the pandemic but has since bounced back to pre-COVID 19 levels. As expected, it has also benefited significantly from a surge in demand from many emerging market – especially so across Asia, LatAm and Africa. Just like the explosion in esports’ popularity, I believe this year’s lockdown will likely accelerate the process of crypto adoption.


What should operators be doing to re-engage their dormant player base?


With sports betting returning after the past few


cryptocurrency-fiat gateway, enabling players to deposit and withdraw in the crypto or stable coin of their choice, while our relationship with operators is as a straight-up processor, with all of their


transactions being in fiat. It’s a best of both worlds’ solution.


month’s hiatus, it has never been more important. Key here will be reaching out and establishing what their pain points are. Operators need to broaden their own vision as to what services and support they can provide to their players to re-engage them; not least when it comes to their deposit and withdrawal options.


Customer demand is also evolving too. With the transparency that blockchain brings, casinos will be able to capitalise on offering a provably fair gaming proposition. Tis should work wonders for attracting a new breed of player previously put off by suspicions towards RNG and other ‘back end’ mechanics that have been perceived to weigh games in the house’s favour.


What is the rationale behind the recent launch of DAOWallet?


Tere is plenty of disruption coming to the gaming ecosystem, but for me, there is one fundamental element that will standout when it comes to payments, and that is the digital wallet. Mobile transactions already account for 54 per cent of digital payments in Europe and are growing globally by 10 per cent. Tie that in with crypto’s surge this year, and there has never been a better time to launch.


We are a gaming company at heart, rather than a team of crypto evangelists – so our goal is to provide a tailor-made product line that is of benefit to both players and operators. DAOWallet is a cryptocurrency-fiat gateway, enabling players to deposit and withdraw in the crypto or stable coin of their choice, while our relationship with operators is as a straight-up processor, with all of their transactions being in fiat. It’s a best of both worlds’ solution.


Operators know that they need to appeal to new audiences to get ahead post-COVID, with crypto players already on their radar. DAOWallet is perfectly positioned to be the


NEWSWIRE / INTERACTIVE / MARKET DATA P151


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