GoodGaming online gaming operator is to launch a new CasinoCoin driven igaming brand as the company aims to capitalise on the emerging trend of cryptocurrency gaming.
Licensed through the Isle of Man Gambling Supervisory Commission, the casino takes CasinoCoin deposits, wagers and withdrawals, using its bankroll director to handle KYC and AML obligations.
This enables users to play in any casino that accepts CasinoCoin with a single registration and KYC check and allows customers to instantly deposit and withdraw from each operator.
Oliver Wu, chairman at GoodGaming, said: “We are hugely excited to launch our first cryptocurrency casino and enter one of online gaming’s fastest growing verticals.
“This new brand, supported by CasinoCoin, will offer users an enhanced experience including lightning fast transactions, low fees and seamless registration.
“By working with CasinoCoin, the blockchain for gaming, we have the power to quickly scale and offer our customers a world-class user experience via the bankroll manager.”
Blockchain Isle of Man managed the licencing of the new casino, which the company says is “setting the standard for cryptocurrency gaming regulation and use cases worldwide.”
Lyle Wraxall, CEO of Digital Isle of Man, noted: “We would like to extend our sincerest congratulations to the GoodGaming team on the launch of their first cryptocurrency casino brand and their partnership with CasinoCoin, from their home in the Isle of Man.”
“The Isle of Man prides itself on its responsible gambling measures and it is clear that CasinoCoin holds these high standards at the forefront of their offering, owing to its built-in KYC functionality and AML tracking tool, created on the blockchain, allowing GoodGaming to scale up quickly in the knowledge that they’re adhering to world-class regulatory measures.
“The Blockchain Isle of Man team wishes both parties the best of luck and continued success in the future.”
John Caldwell, director of advocacy at the CasinoCoin Foundation, added: “We have worked closely with GoodGaming and Blockchain Isle of Man to deliver a real-money cryptocurrency gaming business case within a fully compliant, KYC-ready framework.
“Our blockchain and bankroll manager are built specifically for use cases such as this, and we are certain our technology will deliver a world-class crypto gambling experience to GoodGaming’s customers.”