AGA asks for payment modernisation

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Updated September 21, 2022 | Published June 25, 2020

2 mins read

In their reporting, AGA outlined several clear benefits to adding digital payment options, and responsible gaming limits were one of those. Controlling sessions, money spent and reading more into consumer behaviour were just some of the other upsides brought up in the AGA report.

The move was backed by Eilers & Krejcik, a respected research and analytics firm which confirmed AGA’s stance and further added the benefits of adopting digital payment options. According to Eilers & Krejcik, anomalous betting patterns would alert operators to potential dangers of consumers becoming victims of problem gambling practices.

On the flipside, however, convenience can also beget gambling addiction, as being able to deposit quicker is also a risk to some trigger-happy consumers. This is a particular issue that many lawmakers across the United States have cited as the main reason not to endorse any form of mobile gaming.

Despite the strong opposition from lawmakers, though, many states have begun to resort to mobile gaming solutions, and particularly at a time when physical contact and in-person betting has been greatly restrained due to the COVID-19 crisis.

One entire industry that has been built around the idea of contactless payments in the gambling segment are blockchain casinos. Whether you are looking for the best Bitcoin casinos or have another favorite cryptocurrency in mind. There have been several projects that rely on cryptocurrencies predominantly to ensure a better overall experience.

mBitCasino and 1xBitCasino have gone entirely crypto, focusing specifically on players who feel more comfortable depositing with Bitcoin. Could cryptocurrency get a firmer footing in the land-based casino setting?

Alex

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.

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