Bitline Offers Casino Patrons Access to Digital Assets

The growing popularity of online gambling activities creates new challenges for gambling operators across the globe. With the evolution of iGaming, more consumers show interest in using cryptocurrency for online gambling and many casinos online already accept such forms of payment. But while there are crypto-focused casinos, one new application seeks to enable casino patrons across the globe to access their digital assets and gamble with casino chips on gaming floors.

The new mobile application is called Bitline and it promises to revolutionize the gambling sector by bringing cryptocurrencies and digital currencies to casino gaming floors across the globe. Recently, Bitline clinched a partnership with Everi Holdings, an innovative developer of gaming solutions. This strategic alliance is expected to further propel the development of Bitline and it comes ahead of its planned launch, a report released by the Las Vegas Sun reveals.

Richard Jones, Bitline’s co-founder and CEO, spoke about the benefits of the new mobile application. He explained that thanks to Bitline, casino patrons around the world will be able to access up to $10 million in casino chips even at times such as in the middle of the night on a Sunday. Moreover, Jones praised the application for matching all regulatory requirements, as well as compliance guidelines that involve monitoring of transactions.

The App Allows Customers to Access Their Digital Assets in Less than 30 Minutes

According to the CEO and co-founder, the app allows users to access their digital assets, such as cryptocurrencies, in 15 to 20 minutes. Jones highlighted the importance of the app’s security deeming it as a “huge win” for gamblers and casinos around the world. Bitline’s CEO explained that the debut of the application is expected by the end of the year or during the first quarter of 2024. He spoke about the unique advantages of the new product explaining that there’s “no product that’s situated like this.”

“I think we fill a huge gap there in the market that people can take advantage of and that really hasn’t existed before. So that’s one of the biggest benefits.“

Richard Jones, CEO and co-founder of Bitline

Additionally, Jones explained that the development and design of Bitline has taken more than a year and a half. He said that the app has come to life thanks to a number of important partnerships that enabled it to ramp up its compliance and security. Bitline’s CEO and co-founder revealed that the company joined forces with CipherTrace and Fireblocks to ensure effective monitoring of the transactions for the new application. Finally, he spoke about the importance of delivering a compliant and secure product for casino patrons who want to use their digital assets.