Zona de Azar USA – Revolutionary App Integrates Cryptocurrency Assets onto the Gaming Floor

USA.- November 30th 2023 www.zonadeazar.com In the coming year, a novel product leveraging blockchain technology is set to revolutionize the casino experience globally. This innovation, developed by Bitline in collaboration with industry leader Everi Holdings, allows casino patrons to access gaming floor casino chips directly from their cryptocurrency or digital assets.

Richard Jones, CEO and co-founder of Bitline, highlighted the absence of a direct mechanism for incorporating digital assets into the casino space efficiently. Bitline aims to provide users with rapid access to liquidity for their digital assets, allowing them to obtain up to $10 million in casino chips within minutes, even during unconventional hours.

Bitline’s streamlined approach serves as a one-stop-shop, addressing compliance, transaction monitoring, banking, and regulatory requirements simultaneously. Jones emphasized the app’s speed and convenience, comparing it to fast food and declaring it a “huge win” for both casinos and patrons.

The development of Bitline, a year and a half in the making, involved key institutional partnerships, ensuring security and compliance. Collaborations with Everi, Fireblocks, and CipherTrace played crucial roles in implementing transaction monitoring and other essential aspects of the app.

Victor Newsom, Senior Vice President at Everi, stressed the importance of compliance in the partnership, emphasizing the need for the right financial and regulatory partners. Bitline’s ultimate goal is to tokenize real-world assets, providing a comprehensive asset management system for the gaming industry.

Newsom highlighted the collaborative nature of developing a product like Bitline, acknowledging the significance of partnerships in navigating the highly regulated gaming industry. He expressed gratitude to regulators for embracing blockchain technology, which he believes is essential for the industry’s advancement.

Bitline, showcased prominently at the Global Gaming Expo, is set to officially debut at its first casino by 2024 or the first quarter, opening new markets and catering to the cryptocurrency crowd with a pioneering platform.

“In the current marketplace, there’s no product that’s situated like this,” stated Jones, underscoring Bitline’s unique position in the industry.

Edited by: @MaiaDigital www.zonadeazar.com