According to a new report released by the American Gaming Association (AGA), there are intentions to push forward with regulatory flexibility to improve digital payments on casinos. This could certainly be good for Bitcoin (BTC) and for other virtual currencies that have been expanding over the last years in the gambling industry online.
Casino Industry Moving Towards Cashless Payments
There are several companies around the world that are offering users the possibility to play with casinos online. One of these firms is 5 euro casino, which is an example of how cashless casinos could work and help users enjoy gambling even without using cash. 5 Euro Casino is a clear leader in the European market promoting a wide range of digital payments for clients to pay for their entertainment.
According to the report released by the American Gaming Association, 57% of past-year casino visitors want to have digital or contactless payments while in the casino. One of the main reasons that have pushed people to search for these alternatives is related to the COVID-19 pandemic that expanded all over the world.
With a wide range of options to pay for the casino games, users and customers will be able to play their favourite games without depending on using cash and banknotes. They can simply move to Bitcoin and other solutions such as debit and credit cards.
On the matter, the CEO and president of the American Gaming Association stated:
“Advancing opportunities for digital payments has been one of our top priorities since my first day at the AGA. It aligns with gaming’s role as a modern, 21st-century industry and bolsters our already rigorous regulatory and responsible gaming measures.”
The idea of expanding the solutions for users derives from the Payments Modernization Policy Principles document, which has been created as a collaborative effort to educate regulators that are planning to expand the payment options in the industry.
The goal is to help users to wager responsibly, have better and more convenient payment solutions and address public health concerns, specifically after the expansion of the Coronavirus pandemic.
The success of some casinos such as 5 Euro Casino could be analyzed in order to help new customers, users and clients to understand how it is possible to wager responsibly and with more comfortable solutions to avoid cash.