Connect with us
NSoft

Latest News

“Operators demand access to new markets and new player bases”: Exclusive crypto gambling interview with Glen Bullen from DAOGroup.

Published

on

GlenBullen “Operators demand access to new markets and new player bases”: Exclusive crypto gambling interview with Glen Bullen from DAOGroup.
GlenBullen-1 “Operators demand access to new markets and new player bases”: Exclusive crypto gambling interview with Glen Bullen from DAOGroup.Reading Time: 4 minutes

 

While this year may have been a turbulent time for some, we caught up with Glen Bullen, CCO of DAOGroup to talk through the launch of DAOWallet, its cryptocurrency-fiat payments partner, as well as the opportunity to use crypto payments as a key way to engage new players.

What is it that DAOWallet can offer partners and end users that other payment service providers cannot?

DAOWallet may be new to market, but our team has incorporated many crypto payment learnings into the product to make it a slick, client-driven solution for operators looking to engage new demographics and markets.

In essence, DAOWallet offers a simple, clean solution for partners wanting to integrate crypto payments into their casino brands. We do all the heavy lifting and compliance work at our end, so operators can work hands-off on the payments side and focus on driving acquisition to a new audience of crypto users.

Perhaps DAOWallet’s biggest innovation is its ability to track fund provenance, both to mitigate AML risks, but also to improve VIP management. Any player who deposits crypto via DAOWallet will have their pseudo-anonymous source of funds tracked, ensuring both VIP and AML managers alike will know if this is a player prime for big stakes play, or alternatively whether they’ve been associated with red flag transactions in the past.

How can those with little crypto knowledge use DAOWallet to join the crypto gambling revolution?

The key purpose of DAOWallet is to allow deposits and withdrawals to and from a players crypto account to be as simple and seamless as possible. With that, we feel we offer a solution that requires only a minimum of crypto knowledge.

However, the wallet’s role is not necessarily to entice new players to crypto – though it can – but instead to deliver a functionable, painless means to support the millions out there who already hold and use crypto; and, most importantly, want to gamble with it at the best casinos around.

Do you see DAOWallet appealing to a certain demographic or region?

Without pigeon-holing an ever-expanding crypto base, industry research shows the main European demographic as being between 25 and 45 years of age and with above-average disposable income. This audience sees digital assets as more than a speculative asset, and want to find functional day-to-day uses for them, with gaming arguably the most tangible use case for them at this moment.

Saying that, DAOWallet easily supports varied requirements across any global market, such as Latin America, where concerns regarding banking infrastructure warrant the use of alternatives to fiat; or Africa, where barriers to credit card uptake mean many are keen to explore alternative online payment methods.

No matter the geography or demographic, our igaming clients can be confident DAOWallet will be covering all KYC and AML procedures in the backend on sign-up, ensuring a clean transition to the casino, which receives only whitelisted players. This is a major benefit of our solution over others on the market.

How do you see the current state of the payments sector in the gambling industry?

We hear so often that gambling as an industry is an early adopter for new technology. All the while however, there’s untold examples of cautious decision-making and sluggish, suspicious adoption of tech that could have major benefits to the whole ecosystem.

There is no doubt that the payments sector is impacted by this paradox, and the utilisation of crypto is a key example. Operators demand access to new markets and new player bases, and there is a crypto market hiding in plain sight, waiting to be serviced. They must take advantage of this opportunity, or they will fall back against their more forward-thinking competitors.

Do you see wider crypto adoption as attainable right now, or do other industry movements need to happen to facilitate wider crypto payments?

Yes, it is attainable, but various ways of thinking need to be reset for crypto adoption to reach its potential. It’s likely not a gambling industry-specific mentality, but too many look back at setbacks in the space and cling onto them as proof that crypto doesn’t have its place in today’s world.

This is naïve when you consider the various success stories that crypto has in engaging those who cannot access credit cards, those who may not trust the status quo and those who just want to be a little more progressive. I would like those doubters to take a deep breath and revisit what crypto adoption can do for the gambling industry.

As a deposit method, using the likes of bitcoin and Ether is a no-brainer for supporting bigger audiences in more markets. Those operators who don’t embrace it soon will likely find they have lost this lucrative audience and will struggle to win them back.

We have seen DAOWallet recently sign a major partnership with MoneyMatrix. Do you have any other partnerships on the horizon that you could hint at?

MoneyMatrix was a major deal for us and shows the strength of partner that we are looking at. In terms of what is coming next, we’re optimistic about various, progressed conversations with further platforms and a number of tier one operators in a variety of regions. Without naming names, there is a desire amongst potential partners to complement their existing payment partners to attract a new kind of customer, and that’s what we’re here for.

We’re well set to make some big announcements in Q4 in terms of new clients and operators, so keep an eye out for that.

What product improvements can we expect from DAOWallet in the coming months?

Our most recent launch was stablecoin integration, and this will go live with partners to great effect very soon. Not only are we opening more crypto avenues (Tether/TrueUSD) for those looking outside of the bitcoin and Ether hegemony, but it also makes our platform more adaptable to local banking regulation.

Significantly, this was driven by client feedback and demand, and we delivered it back to those same partners quickly and successfully, further proving our credentials as a customer-first partner. We know the size of the crypto gambling space and we want to help fiat-based operators leverage it for their own growth, and it’s through these collaborative projects that we can best do this.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: “Operators demand access to new markets and new player bases”: Exclusive crypto gambling interview with Glen Bullen from DAOGroup.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Latest News

Parimatch Tech Academy to provide free IT training and paid internships

Published

on

Parimatch-Tech-Academy Parimatch Tech Academy to provide free IT training and paid internships
Parimatch-Tech-Academy-1 Parimatch Tech Academy to provide free IT training and paid internshipsReading Time: 2 minutes

 

Parimatch Tech will launch Parimatch Tech Academy in November, a free IT academy for talented people who have ambitions to become a developer. This is not only an opportunity to study technology through real projects, but also a chance to become employed at an international company.

Training at the Academy will consist of three stages. During the first stage, students will learn about the basics of communication and teamwork, as well as the specifics of Parimatch Tech’s operations. The second stage is focused on coding, with students selecting one of the following programming technologies: .Net, JavaScript, Native Android and Native iOS. Programming training is designed to last for three and a half months.

The final stage includes a paid internship working on a real project at Parimatch Tech, which will last for two and a half months, meaning the entire training process will take six months. Upon completion, students will have in-depth understanding of the IT product development process, learn to work in a team and solve problems using forward-thinking approaches. The top performing academy graduates will receive a job offer from Parimatch Tech.

Experienced specialists at Parimatch Tech will act as teachers and mentors for those taking the course. Our partners, experts from the Israeli center for innovative IT education, DAN.IT, will review the programs, methods and tools used in the training process, as well as the quality of teaching.

There is a selection process for the Academy, which consists of several stages. Applications opened on October 12, and all forms must be submitted by October 29. The next stage, from November 2 to November 5, includes an online test that will help us select the candidates that demonstrate aptitude for programming, and then there will be tests on the basics of programming. The final stage is an online interview with mentors and course teachers, which will take place on November 6. To take part in the selection process, you need to sign up via the link. Parimatch Tech Academy will recruit 100 students in total.

A presentation on Parimatch Tech Academy will take place on October 26 at PMHUB. You can join the event online via the link.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Parimatch Tech Academy to provide free IT training and paid internships

Continue Reading

Latest News

Spelinspektionen Signs MoU with Kansspelautoriteit

Published

on

9-12-2 Spelinspektionen Signs MoU with Kansspelautoriteit
9-12-3 Spelinspektionen Signs MoU with KansspelautoriteitReading Time: < 1 minute

 

Swedish Gambling Authority Spelinspektionen has signed a memorandum of understanding with Kansspelautoriteit. The strengthened partnership has been designed to facilitate the ongoing exchange of information and streamline supervision between the two European regulators.

René Jansen, chairman of Kansspelautoriteit, stated that he is “delighted that agreements with international regulators are formalised and captured in memorandums of understanding.”

He added: “On the one hand because of the solid basis they provide for cooperation and on the other hand because of the clear signal that will be given towards the gambling and gaming industry.”

“By opening the communication channels between the authorities we become stronger in our supervisory activities. This is the fourth MoU we sign with European gambling authorities since the new Swedish regulation came into force in 2019,” Camilla Rosenberg, director-general of Spelinspektionen, said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Spelinspektionen Signs MoU with Kansspelautoriteit

Continue Reading

Latest News

AretoNet Integrates with Dragonfish

Published

on

8-9 AretoNet Integrates with Dragonfish
8-9-1 AretoNet Integrates with DragonfishReading Time: < 1 minute

 

AretoNet has integrated with igaming platform provider Dragonfish to sell its products and launch its platform with 10 Inter Group Partner Holding operator brands. IGP serves as a white label affiliate for DragonFish.

“We’re excited to launch AretoNet for all our BI, CRM and marketing needs. We wanted a cost-effective solution giving us in-depth and meaningful insights into our player data but keeping functionality easy-to-use. AretoNet is the perfect fit,” Urban Håden, CEO of IGP, said.

AretoNet is a technology platform that enables operators to evaluate their player database and, with complete lifecycle analytics, launch automated multi-channel and multi-level marketing campaigns.

“We’re delighted to launch IGP’s ten brands on our platform to support its aggressive growth plans over the next few years. We’re also pleased that through this partnership, we have been able to integrate with one of the leading igaming platforms, meaning, it is now seamless for all Dragonfish operators to partner with us and launch our platform. We’re looking forward to onboarding more operators in the coming months,” Justin Farrugia, co-founder of AretoNet, said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: AretoNet Integrates with Dragonfish

Continue Reading

Trending

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +50,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: sales@europeangaming.eu

Editorial / PR Submissions: editor@europeangaming.eu

Copyright © 2015 - 2020 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.