SoftSwiss Report Cryptocurrency Common Payment Method

According to the SoftSwiss Game Aggregator survey, cryptocurrency has become a more common payment method for online casinos, with turnover share rising from 6 percent at the end of Q1 2020 to over 26 percent in Q1 2021.

The report found that turnover has increased significantly across the Asian market, with the solutions provider claiming that this is ‘largely due to the introduction of cryptocurrency casinos into this area,’ as well as traffic growth in Japan, India, and Indonesia.

Continued LatAm expansion

Andrey Starovoitov, SoftSwiss’ COO, said: “Our clients continue expanding to the LatAm region, and although it is too early to talk about significant volumes, we expect to see Brazil among the leaders in the nearest future.”

When it comes to individual cryptocurrencies, the study states that ethereum (ETH) has more than doubled its market share, rising from 4.5 percent in Q1 2020 to a ‘record’ 10 percent in Q1 2021. According to SoftSwiss, this currency became India’s “most used” cryptocurrency at the end of Q1 2021.

Bitcoin

Litecoin’s market share fell from 4 percent to 3.5 percent, while Dogecoin’s market share tripled from 0.5 to 1.5 percent. However, Bitcoin remained the most common cryptocurrency payment method, accounting for 83 percent of all transactions.

The most famous crypto games tend to be Evolution’s live games, with Aztec Magic Deluxe, BGaming’s Elvis Frog in Vegas, and Platipus’ Wild Spin Blackjack VIP all attracting large amounts of traffic.