## Softswiss: Will Digital Currency Casinos Be the Next Big Thing in Gaming?
The digital currency market is enormous, valued at nearly a trillion pounds, and the gaming sector is keen to join the trend. Softswiss, a top provider of digital currency casino software, has been a leader in this movement for quite some time. We had a conversation with their co-CEO, Andrey Starovoitov, to find out the reason.
**iGB:** There’s a lot of excitement about digital currency in gaming, and Softswiss has witnessed a significant increase in transactions. Are you noticing any patterns among players? What kind of individual is the typical digital currency gambler?
**AS:** Digital currency users are usually younger, hailing from countries like Canada, Germany, and Asia. There are distinctions between the early digital currency gambling platforms like Bitstarz and MBit, and the newer ones like Stake, Roobet, and BC.Game. The newer platforms are attempting to build strong communities, utilizing chat and forums to attract and retain players.
These are only a few of the elements that have an impact, there are also transaction speed, the availability of fair game verification, and so on.
iGB: How does the escalating rivalry and demand in the digital currency market affect early digital currency adopters like Softswiss?
AS: I wouldn’t say the digital currency gambling market is particularly cutthroat – competition is steadily increasing, but it’s still a long way from its peak. We see market giants taking an interest in digital currency gambling, and many companies are thinking about integrating payment methods like Coinspaid to allow digital currency deposits. Some companies decide to launch independent digital currency brands, with the same design and functionality, to bolster their portfolio with new digital currency-focused bonus products, such as Stake.com, Bitstarz, MBit, Rollbit, Duelbits, Roobet, and BC.Game.
Many market players are showing cautious interest rather than actively entering this specialized market. We can see the logic behind their behavior, such as a lack of digital currency expertise or a strong team of professionals, difficulty finding traffic to attract a digital currency audience, digital currency gambling regulations, and the attitude of regulators towards digital currencies, believing they don’t exist. However, this specialized market is actively developing, and the market leaders I mentioned above are now being followed by new high-potential entrants who are able to make significant progress, such as Stake.com in 2021.
Its all about our knowledge and experience in using and integrating digital currencies for wagering. We were among the first firms to introduce digital currencies to the business-to-business gambling sector, so we’ve been at the forefront of this field for a considerable time. We’ve assembled a team of specialists, created products that support digital currencies, and we’re always on top of the latest developments in the digital currency gaming world.
All of our offerings, including our casino platform, game aggregator, sports betting platform, jackpot aggregator, and affiliate program, are compatible with digital currencies. We also have Coinspaid, our digital currency payment gateway, which is the ideal choice for launching digital currency operations. For instance, our game aggregator currently supports around 50 game providers using over 20 different digital currencies. We can even integrate new digital currencies based on the requirements of our customers and partners.
We also have a unique feature that allows players to use their digital currency balances to play non-digital currency games. This is a significant advantage for our clients. Our sports betting and jackpot aggregator platforms are also fully equipped to work with digital currencies.
Its crucial to raise awareness about the use of digital currencies in gaming. Which groups need more guidance: those who run the games, those who provide the tools, or those who set the rules?
Concerning rules, I think there needs to be more teamwork between businesses and those who set the rules to unlock the full potential of digital currencies. This area is expected to grow rapidly and take a big piece of the market in the future, so those who set the rules should include digital currencies in their laws about gambling. This teamwork would help everyone involved because it would make things clearer and create a set of rules for using digital currencies in the most promising markets.
Sadly, this problem is often ignored by those who set the rules in most places. We understand why, as there are often no legal frameworks to deal with the acceptance and legal recognition of digital currencies, let alone rules for using them in gaming. But this is definitely worth the effort, and our company is ready to help close the gap between businesses and those who set the rules.
We offer complete support, including information and technical help, to help those who run the games and game studios include digital currencies. Our range of products allows for the acceptance of all digital currencies from the start, and our experts are always ready to tackle any complex problems and guide clients through the whole process of including digital currencies.
We are convinced that instructing and directing operational teams on the use of digital currencies is a significant area for expansion, allowing us to enhance and fortify our product offerings.
iGB: Recently, Softswiss was recognized as the Cryptocurrency Company of the Year at the 2023 International Gaming Awards. What distinguishes you from your competitors in the realm of cryptocurrency operations? What groundbreaking advancements have you introduced to the market in this domain?
AS: We are thrilled to receive this accolade, and even more importantly, the industry’s acknowledgment of our position as a frontrunner in the crypto gaming landscape. This award truly reflects our strategic vision and unwavering commitment – making digital currencies user-friendly and readily available. Years ago, Softswiss boldly challenged conventional norms and integrated cryptocurrency into the gaming industry, propelling it to unprecedented heights.
I would venture to say that the nomination and victory came as no surprise to us, as the company has made significant strides, refining its expertise, developing a multitude of features, and adapting standard operations to cater to the crypto audience. Nine out of ten leading figures in the crypto gaming sector utilize our products. This evidence unequivocally demonstrates that Softswiss is the undisputed leader in the crypto gaming space.
iGB: What are your forecasts for digital currencies in 2023? What potential obstacles could impede its widespread adoption?
The cryptocurrency gambling industry, along with its user base, is anticipated to expand despite market fluctuations. Gamers appreciate the swiftness, convenience, and level of privacy that digital currencies provide. A rising number of operators, including those at the top of the industry, are integrating crypto into their payment options, signifying a clear increase in interest within this specialized market.
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