Topic: Thought's on many major fiat-crypto payment gateways ditching casino business's? (Read 646 times)

The great thing about crypto is that it shouldn't matter.  I guess if you're constantly moving money back and forth it might be a big deal, but even then I'm sure you could find the right bank that would be willing to work with you.  If you're just using crypto though, it shouldn't matter if banks cut off your casino.  It could be a problem if they close your account, but like I said, someone will always be willing to provide you the service you need so long as everything you're doing is legal.  At some point banks won't be needed at all...

For me, all the fiat payment options should go Away, with that People know that the best thing here is the payment to bitcoins and the other Cryptocurrencies, with that there are not so many people who are with those things that they will learn. Of the Other casinos , they require each Document to be able to play and they are used to it, in my case the erpsans that use more fiat in a Cryptocasino does not make sense to do it, they track them first , Secondly , these people do not know that when they track you they can Charge you fees I'm easily more expensive taxes and government follow-ups are not Pleasant , I don't trust that, for me everything is done with cryptocurrency and bitcoin I'm Fine.

It's first time I'm hearing that fiat casinos that someone used offer no fees on deposits or withdrawals. I don't know about the casino fees but surely there can be other fees involved in that way of transactions. But, still it's a good thing to know that fiat based casinos offer way better fee structure than the crypto ones. We all know that transactions with crypto-currencies do require some kind of a fee and that's the main reason that why the crypto based casino charge that fee.

I also believe that crypto gambling is better than fiat gambling because with crypto gambling sites you can access so many games which fiat based casinos fail to provide. I also agree that the decentralization and anonymity that crypto casinos offer is at another level when compared to the fiat ones.

The fiat based casinos are centralized and transparent and that's a concern for many gamblers, but in crypto casinos that KYC thing makes them also similar like the fiat ones. But, still if someone plays with low amount then they won't have to go through the hassle of KYC verification and they can easily without their winning without much effort.

There are people who prefer playing using fiat currency because that's their personal preference but most of us are swapping from fiat to crypto just to gamble in crypto casinos and I agree that the fees aren't that high so it's easier to deal with.
Crypto casinos has a lot to offer than fiat casinos to be honest especially when it comes to bonuses and promotions. There are still other fiat-crypto gateways that we could use especially through big exchanges that we have right now especially the reputable ones. It's better if there would be local crypto wallets in your country where you could easily convert from fiat to crypto to transact easily.

When you deposit a crypto to a crypto casino, you will need to pay a transaction fee but on many online fiat casinos that I have tried and used, there are no such fees/thing as that. Many of them don't also have a withdrawal fee. So, I can say that they are cheaper and more convenient to use because transfers are also instant at most times.

I still do play crypto gambling if I have an extra crypto because there are some gambling games which are only found on a crypto casino and many crypto casino has a better bonus system than their fiat counterpart. Another advantage of playing in crypto casino would be is they can be decentralized or fully anonymous. 

Also, not all would really be that confident on using up their credit/debit cards no buying up crypto specially into those people who are really that mindful about their privacy on which if you are really that paranoid
when it comes to privacy or on your identity then crypto gambling would be your best bet and you wont really be needing to buy up crypto directly if ever there's a feature which would really be allowing you to
buy up directly on a platform if you could really be able to do on having at exchangers but its true that if you are a crypto enthusiast then most likely you would already have those funds prepared if ever you
decided to play gambling.

Crypto casino sites do really add up that kind of feature to make gambling experience more that comfortable in terms of payment options and possible ways or methods that they could really be able
to play on using up their fiat directly purchasing crypto which we cant deny that it is a sweet feature but of course it do totally oppose or contradict the overall concept or idea
on why crypto had been created in the first place which is really that totally opposing centralization.

Traditional casinos are "fucked" if Fiat payment gateways are put into severe terms or conditions, and if the situation is to disappear then crypto casinos are the option, there are so many ways to get to a casino with cryptocurrencies that the situation is not so serious if it presented any problems with the providers, I think in a way many big casinos already opt for crypto deposits if their licenses allow it and the legal jurisdictions allow it. That is one of the advantages of crypto casinos.

I think you didn't understand the topic and the discussion here. A fiat-crypto payment gateway doesn't make you gamble with fiat but it allows you to buy cryptocurrencies directly from the gambling platform by using fiat through your bank account with your debit or credit card so that you don't need to go to an exchange, buy cryptocurrency, and send it to the casino and then play. It is somehow an advantage for those who are not already into cryptocurrencies and don't know much about them but want to gamble on that particular platform.

However, I don't think that there are a lot of gamblers who utilize this feature because most gamblers who join a cryptocurrency gambling platform will basically already have cryptocurrencies and even if they don't, they understand the ways they can buy and transfer them to the platform.

I feel that kind of detachment too when I use fiat in my gambling activities. I've recently played on a physical casino at our local place and I'm shocked that I'm very careful in every of my bets knowing that our local fiat is equivalent into something when you use it to buy something. It seems that after a long time, it's the time that the money I gamble just straight up came from my pocket which makes it hard for me to spend or lose in a casino. Maybe I've been drowned with the volatility of cryptocurrency that I don't really care about the value since assets fluctuate in prices.

The detachment you feel when gambling with cryptocurrency? I get it. It is liberating to use digital assets as opposed to hard-earned currency. I've felt that raw adrenaline while trading and staking, then moving my winnings to the online tables.

Casinos, take note, It is time to progress. Crypto is not only the future, but the present as well. Abandon obsolete fiat-to-cryptocurrency gateways and board the direct deposit and withdrawal train. There is a market of cryptocurrency enthusiasts like us who are searching for reputable casinos to place bets in a responsible manner. Adapt or become obsolete. This is a sure wager, not a mere gamble. Let's effect change.

That is pretty much it. It's sad that new gambling sites won't have much flexibility with introducing fiat payments but it won't impact them much.
Since most gamblers prefer crypto deposits the gambling sites can continue without any fiat payments.
Besides that, gamblers who want to do fiat payments can deposit fiat on other platforms, exchange to crypto and then transfer it to the gambling site.

I don't think there is something wrong with staying with what you already know how they are or doing business with outlets that you have spent longtime business atmosphere with. Moreover, it is reasonable to say that these fiat payment gateways are only trying to be safe in the government where they are operating to avoid bringing in new casinos that have some illicit deals and money laundered through them. However, I don't think new casinos should bother their head on fiat payment because quite a hand full of gamblers prefer privacy and are transacting more of cryptocurrency. I can't imagine linking my fiat bank account to a casino when I could just transfer crypto, that is the point.

Of course, we will not know the real reason for the payment gateway to stop working with the casino. Maybe they really want to avoid complications or problems that might arise in the future. And if that payment gateway no longer works with the casino, crypto users can still use crypto for deposits and withdrawals. And so far, we have also done the same thing in many casinos where we use crypto to deposit funds, withdraw winnings, or gamble. So it's no problem for crypto users and I guess no problem for those payment gateway users too since they seem to know crypto pretty well too.

Well I don't see this as serious, in part sometimes it turns out to be even better, I know that many people trust a lot in the traditional money system, where for any movement they ask you for thousands and thousands of things so that money can move, what better here is one thing, it is clear, to pass everything to Bitcoin, and I know that it can sound very optimistic, but with that the weights are taken off, and if there is a lot of prbla there are many exchanges that are P2P and if you do not want To discover the identity, you can borrow an account from a person who does not give much importance to that and the exchange is made, and if it is for the tax, well, there is no way to pay the tax, I would do it that way, I would annoying to make transactions from crypto to fiat and that they have been deposited to banoc or something like that, they will always ask for the origin of the funds, and when they see that it is from a casino and that it is crypto they will turn on everyone's alarms and they will start to investigate much more, this is how everything works.

It is better a thousand times better to make transactions in cypto so that many problems are avoided, I know that many people are not used to making transactions with bitcoin for many reasons, but it is the best, then the system itself is saying it, it is as if it were speaking and If they said that it is not convenient to make mixed transactions directly from crypto to fiat to an account or to any bank, the best thing is to do things with the P2P market, in the case of whales, how do they do? snecillo with many wallets and they move them as they please, if they need to withdraw money, the amount they want they go to places where they know they buy crypto and there will be no problem, in all of them there is, because everything in each country There is the interest in crypto, in Binance itself if you want you can have an internal P2P trade, I think that's the best, so I don't see how something ur should not be alarmed and it is understood that the best thing for now is to have money in Bitcoin is the best and healthiest, well in my opinion, maybe I am very optimistic but I see it that way.

We know that money laundering is been a long time issue ever since and no matter what the payment processors or methods or companies that been involved would really be normally be getting in line

with government rules and regulations on which it would really be that a common approach which getting in line with those laws which its not something new or shocking anymore.Government wont really be that so dumb and blind about those possible loopholes on which tainted money or funds would really be able to pass through and this is why in most possible ways or holes that they could be able to get through then expect that they would really be always 1 step ahead with those people.

It is really just that sad that decentralized platforms or non-kyc turns out to be opposite on the time that this had been strictly implemented because of those probabilities or getting
in touch or integrate with those processors which are really that heavily compliant or regulated specially with fiat.

There are very many ways to make payments regarding this issue, without getting involved with Payment gateways...if other secure means are made to be able to fund et make payments,then that alone can possibly break the monopoly...
I understand why they've decided to set-up a standard of such magnitude... Nobody wants to tarnish a name that's been known over the years, with a well trusted reputation... Why? Alot of fast rising casinos are getting tagged of being scammy and it's becoming very rampant... One must be careful .

Sandra 🧑‍🦰

The reality is that any reputable financial company, including these payment gateways, that wants to transact in US dollars and other popular currencies like Sterling or Euros, will ultimately need to file certain regulatory documents. Casinos have been used for money laundering a lot in the past, so will always come under massive scrutiny all along the chain, which is why there is a big push for KYC at so many casinos and bookmakers lately. If there is even the slightest hint that the money might have any dodgy connections, they will get black marks and after a certain amount of those they become too much of a risk to continue serving. The payment networks are ultimately the culmination of all this money and take on a large part of the risk, which includes jail time if they break the law.

Slowly fiat to crypto payment gateway will no longer be needed. Gambling with cryptocurency is more entertaining to me than fiats as I get no attachment with gambling with cryptocurency like I do when I have to use my fiats in my bank account and others might feel the same.

It's easier to spend crypto as there isn't much we can use them for apart from trading, staking or holding. Gambling with them give us an activity we can always look forward to spending our profits made from holding, trading or staking cryptocurency and hope we make gains.

Casinos should encourage more cryptocurency payment and let go of fiat to crypto gateway. They should integrate crypto deposit and withdraw directly and watch how their casino will grow because more cryptocurency users are looking for reputation casino to gamble on.

More and more crypto gambling sites will definitely close their gates on FIAT payments and only focus on crypto payments with time thanks to government regulations and fees related issues.

However, they need to keep adding more and more crypto payment methods in order to cater to all kinds of investors.

This is not accurate conclusion but maybe payment gateways are just avoiding the consequences of illegalities since some of the casino are used for illegal activities such money laundering and other illegal actions that's why they ditch the gambling activities to avoid any hassle coming from users who might encounter a problem regarding with this matter. Maybe best to use another crypto payment gateway that allow any type of transactions since there are some exist that doesn't give us any issues.