MoneyMatrix Enters Agreement With DAOGroup

MoneyMatrix has entered into a strategic agreement with DAOGroup to use its cryptocurrency-fiat exchange arrangements as an integrated payment system for its fast-growing operator network.

The collaboration will see MoneyMatrix become the first industry-tailored payment processing solution to deliver the ‘DAOWallet’ designed to help best-priced Bitcoin and Ether exchanges for crypto, Tether and TrueUSD for secure coin, Euro via SEPA and USD via Swift for fiat.

DAOGroup CCO Glen Bullen emphasised his views that when it comes to providing crypto gaming transactions, DAOWallet is ‘a game changer’: “DAOWallet brings something entirely new to the table compared to other wallets out there,” he said.

“Specifically designed for gaming, we give our partners peace of mind that they’re in full control of their funds and not at the mercy of gas prices, exchange volatility and commissions, or shifting regulatory requirements.

“We’ve seen a huge surge in interest and activity in crypto use across the iGaming sector this year and we’re confident our solution will prove a real asset when it comes to both re-engaging our partners’ players along with supporting their expansion into new markets after this year’s downturn.”

In addition, DAOWallet’s AML and enforcement tools look back at the past of all incoming cryptocurrency transactions, removing any possible questions about both the user’s background and the individual coins.

Sean Spiteri, Head of Vendor Management at MoneyMatrix, commented on the deal adding: “Offering our customers the best gaming experience requires catering to their every need and utilising the best products available.

“DAOWallet has real potential to be a true industry game-changer and we’re delighted to be one of the first major groups to be adopting their solution – we’re sure it will prove to be of significant benefit to both our partners and their players.”