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Author Topic: [2015-11-01] LimoPlay banks on bitcoin to get ahead of casino game  (Read 219 times)
ezak
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December 01, 2015, 09:19:13 AM
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LimoPlay banks on bitcoin to get ahead of casino game

In a sea of casinos available online today, one platform is aiming to get ahead of the game.

LimoPlay banks on bitcoin to get ahead of casino gameThere are more than 500 casinos available in the market today, but LimoPlay is among the handful of bitcoin casinos that also openly accepts fiat currencies. Marketing Manager Jay Simons described LimoPlay as a different kind of casino that is “players oriented only.”

“Bitcoin for online casinos is not just a market, but a processor opportunity,” Simons told CalvinAyre.com in an email interview. “We also take fiat currencies, but the fact that we have bitcoin opens the door for players who cannot or don’t want to deposit with credit cards or wire transfer.”

Currently, there are only few dozens of bitcoin and fiat casinos in the market today, and Simons admitted operators are still faced with the challenges cryptocurrency presents, such as the level of security among the wallets and services used to store and exchange digital currency.

Simon said operators will have to learn how to handle bitcoin, trust the blockchain, secure hot and cold wallets, approve transactions and even automate the withdrawal system.

“Payment and fraud in the bitcoin world are different,” he explained. “We have partnered with bitcoin experts and marketing sources which allows us to know better what we are doing to optimize the funnels for our players.

Despite this, Simon believes there are “endless” opportunities for growth in the bitcoin casino industry.

“We have lots of interest from Asia and Eastern Europe countries, and we are working to translate the platform to new targeted languages. We know the advantages of using bitcoin both for players and for us and this is where we place the focus,” Simon noted.

LimoPlay has more than 250 games from top providers in the online casino markets, and is powered by some of the notable software developers—Betsoft, SoftSwiss, NetEnt, Ezugi—in the market.

“We decided to take the luxury approach,” Simons said. “We don’t care to spend more at the beginning as this is long term business. We are ready to give to our players all they need and ask for, to guide them, to meet them and to teach them how to play. We believe that this is the right approach.”


http://calvinayre.com/2015/12/01/business/limoplay-banks-on-bitcoin-to-get-ahead-of-casino-game/

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