The iGaming world just got some long-awaited good news. Request Network, a major player in Web3 payments since 2017, has brought out a huge update that might help gaming platforms change the way they deal with crypto. Casinos and gaming sites have been accepting crypto from the players for quite a few years now, even though it is still not an entirely smooth ride.
Now Request Network is coming up with some new features that can help get rid of the problems. A gaming business will be able to receive payments from the players that can be located anywhere in the world by using only one wallet and one integration. One no longer has to be managing different chains or be dependent on the third-party processors. A user pays with their tokens and the operator receives the money on the blockchain of his/her choice. The most exciting thing is that neither side needs to know which network the other side is using.
This feature will enable an operator to access approximately 95% of the stablecoins and the users that are on seven major chains such as Ethereum, BNB, Tron and Polygon. Besides, the players get a fresh and simple concept that requires only one deposit for making crypto payments. The new version completely takes care of all the hard things in the background: swapping, bridging and the gas fees.
The changes will allow them not to be worried about the safety of their money quite so much. In the frame of a seamless transaction, the non-public information remains protected and the transaction is secure. Cryptocurrency exchanges will retain a closer relationship with their markets and users through quick identification and awareness of bad actors and transaction verification.
Going forward, the new features will become important points of the company’s product offerings. Therefore, the company has also initiated a program where users can get rewards for tipping the security team helping to identify suspicious activities. The company’s iGaming enhancement also includes fraud checks, account verification with KYC and risk management to protect gaming platforms from issues related to blacklisted or frozen accounts.
The transaction times on the chain technologies of the Group may be affected by the upgrade. Therefore, the Request Network iGaming Development Team is working on the integration of the new tech/elements comprising the upgraded payment system with the current system for continued efficient operation.
The growing needs of several sectors, such as gaming, gambling, DeFi and e-commerce, and the creative use cases of digital assets in general, will also lead to the rising demand of the cross-chain payment ecosystem. Henceforth we will be apart from the pull of specific chains.
Editor-in-chief and creator Cole Smith of casinocurrencies.com, has extensive experience with casino payment systems, The site was created to provide an honest and trustworthy resource for online gambling players.