Everi to Support Cryptocurrency Payments for Choctaw Casino & Resorts
Choctaw Casinos & Resorts has introduced cryptocurrency as a funding option for gaming activities through a collaboration with Bitline and Everi. This initiative allows casino patrons to access funds directly from cryptocurrency, marking a significant development in the integration of digital assets within the U.S. gaming industry.
LISTEN TO THIS ARTICLE:Everi has stated that this is the first time cryptocurrency and digital assets have been made available as a direct liquidity source for gaming patrons in the US. Customers must first be screened, onboarded, and verified by Bitline before being able to transfer cryptocurrency into custody. The payment process is then facilitated through Everi's CashClub infrastructure, ensuring regulatory compliance and security.
Related: IGT and Everi Announce Game-Changing Merger PlansThe service officially launched with its first transaction taking place at the Choctaw Casino & Resort in Durant, Oklahoma. Patrons at the casino now have the ability to use Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Circle (USDC) as funding sources. This option provides an alternative to traditional banking methods and enhances financial accessibility for gaming enthusiasts.
Choctaw Casinos & Resorts has emphasized its commitment to offering new financial solutions that cater to the evolving preferences of its patrons. The casino has maintained a long-term partnership with Everi, a company known for its financial technology solutions, and has continued to invest in innovations that provide guests with secure and convenient access to funds.
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Changing the Gaming Payments Paradigm
Everi's payment solutions team has described this integration as a groundbreaking development in casino financial transactions. The combination of Bitline's cryptocurrency payment accessibility with Everi's financial transaction capabilities enables patrons to conduct seamless and secure transactions. The introduction of cryptocurrency-based funding eliminates restrictions imposed by legacy financial systems, such as limits on transaction times, amounts, and processing speeds.
Bitline, a Miami-based company, specializes in providing direct cryptocurrency access to casino chips. The company has stated that its system enables patrons to access up to $10 million in casino chips within minutes, subject to blockchain network conditions. The service operates around the clock, allowing transactions at any time of day.
The partnership between Choctaw Casinos & Resorts, Bitline, and Everi represents the beginning of a broader effort to modernize casino payment capabilities at a global level. Bitline's leadership has positioned this initiative as a transformative step for the gaming sector, expanding financial options available to both casinos and patrons. The company believes that digital assets can enhance the gaming experience while also establishing a future-ready financial framework that can evolve alongside industry advancements.
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