Home » Blog » CryptoWorld » iGaming With Crypto

iGaming With Crypto

123

It’s no secret that crypto seemingly exists in every industry from the coffee shop down the street to private jets; but in this article, we are focusing on one of the more exciting ventures in the crypto realm: gaming! 

And no, not only PC or video games. We are mainly talking about real high-stakes online games like poker, blackjack, roulette, and more. Although what happens on those tables reputably stays on those tables, we are going to share a little crypto payment information for those bold enough to ante up. No more bets – let’s jump right in! 

Accept Crypto, Get Cash

iGaming sites can now give their customers the option to accept crypto payments and receive the fiat currency of their choice. With a broad audience ready to play with crypto, ForumPay gives iGaming companies the choice to make payouts to players in USDT with daily settlements in the company’s bank account in the currency of their choice. ForumPay also offers the best available rate through instant conversion, therefore nobody loses. 

Breaking It Down

How to accept crypto payments with ForumPay:

  1. Players deposit crypto: players scan the ForumPay generated QR code to deposit funds with their preferred wallet and crypto
  2. ForumPay instantly confirms the transaction: ForumPay instantly confirms the transaction and converts the crypto into fiat at the best execution rate giving the iGaming operator a payment guarantee
  3. Fiat rewarded to the player: the fiat equivalent is rewarded to the player and made available for immediate play by the iGaming operator
  4. Next day settlement: ForumPay settles player deposits with the iGaming operator on the next day

What Are Gaming Coins?

Gaming coins combine two extremely important industries: crypto and video games. Most are online games that use cryptocurrency as the in-game currency. Players can use the game’s crypto for purchasing characters and weapons. These games also often use a play-to-earn model, where players can earn crypto as they complete tasks. 

How Does Crypto Gaming Work?

In traditional gaming and development, all the digital assets such as XP, in-game currency, weapons, skins, avatars, etc. are owned by the developers. It’s a little different for crypto games; the user owns the items that are acquired during the game. These games are developed on blockchain networks and all the nodes have access to the same amount of information – yes, all of it – decentralizing the control over information giving equal power and control to the players and creators. 

How Can Users Make Money From Crypto Gaming?

Crypto gaming is a decentralized form of gaming where players can own unique in-game assets and sell them for fiat to anyone who is interested. In other words, digital assets can be traded for cryptocurrency, which can then be exchanged for traditional currency.

It’s pretty straightforward: buy-in and ForumPay takes care of the rest! So what are you waiting for? Let’s bring crypto payments to the gaming masses, and good luck! 
For more information about ForumPay whether for crypto gaming or any business, visit our site! And don’t forget to follow us on Instagram and Twitter for more on all things crypto!

123

ForumPay does not disclose financial advice. Anything shared is strictly to inform, entertain, or share thoughts and ideas. Please seek a registered financial advisor if you are looking for financial advice.

You might also be interested

Let’s paint a picture: The year is 2032. Some years prior you invested small sums of money in crypto and now that investment has

Start accepting crypto payments today