Casinos for youEuropean fintech and processing company FinXP announced its collaboration with traditional banking giant Mastercard to deliver faster and cheaper banking to 180 countries in over 100 fiat currencies, thanks to pressure from the cryptocurrency sector.
The introduction of cryptocurrencies was initially met with derision. After all, who would invest money in a virtual token with no systems or processes backing it, no real-world value comparison, and (back then) couldn't be used to do anything?
Fast-forward a few years, and tech fans are trading 10,000 BTC for pizza, and what we now know as one of the most revolutionary changes to the financial sector since the invention of money. The age of digital currency had arrived.
Crypto and the Blockchain Apply Pressure
Beyond the insane value proposition of Bitcoin there are very real everyday benefits that the blockchain and its peer-to-peer payment processing highlighted. Crypto transactions left fiat banking in the dust with near-instant global payments, low-to-no processing fees, no need to track international currency exchange rates, and the distinct lack of intermediaries jacking up the prices of every transaction.
Add to that its unbreakable reporting chain, super security levels, and appealing new technology benefits. It was no surprise that online gambling companies and mainstream enterprises all flocked to the burgeoning service.
Fiat Banking Partners with FinTech
Big machines turn slowly, but turn they must if they intend to stay relevant. In a surprising announcement, FinTech specialists FinXP revealed its collaboration with Mastercard.
Jens Podewski, co-founder and CEO of FinXP, said:Quote
“Our latest collaboration with Mastercard reinforces our commitment to offering merchants a seamless payment experience, which means the ability to make fast and reliable payments at a cost-efficient price with an easy-to-use platform. We are very excited about launching the new service, especially since it offers so many payout capabilities in just a single solution.”
Dr. Peter Robejsek, country manager at Mastercard, added:Quote
"In the current climate, having fast, reliable access to funds at a reasonable cost has never been more crucial. Our partnership with FinXP will provide its customers with a safe, simple and reliable cross-border payment experience, regardless of whether they want to send money to a bank account, card, digital wallet or cash withdrawal location.”
The press release mentions that this new melding of Fintech and fiat banking will benefit many "specialised sectors", including online gambling transactions.
The new service, which leverages Mastercard’s Cross-Border Services to power the best-in-class Euro IBAN service IBAN4U, will be available in over one hundred countries and accept transactions in all major international fiat currencies including USD, GBP, EUR, CAD, CHF, TRY, PLN, SEK, DKK, NOK, PHP, COP, and many others.
Your Top Crypto Casino Choice
While we love to see the fiat banking sector maturing and adapting in the face of its first real competitor, crypto gambling is still the best bet for instant, oversight-free, casino entertainment.
If you are new to crypto gambling, here are five sites for you to consider:
Please visit our dedicated Bitcoin Online Casinos page to learn more about gambling with virtual tokens and the casinos that accept them.
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