Online gaming operator GoodGaming is set to launch a new online casino brand powered by CasinoCoin.

Licensed by the Isle of Man Gambling Supervision Commission, the new casino will accept deposits, wagers and withdrawals in CasinoCoin, utilising CasinoCoin’s proprietary Bankroll Manager to handle all KYC and AML obligations.

CasinoCoin’s Bankroll Manager enables users to play at any casino that accepts the cryptocurrency with just a single registration and KYC check. It also means players benefit from instant deposits and withdrawals with ultra-low fees, and store their CasinoCoins securely.

Commenting on the news chairman at GoodGaming, Oliver Wu, 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.”

While CEO of Digital Isle of Man, Lyle Wraxall, added:

“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.”

And, director of advocacy at the CasinoCoin Foundation, John Caldwell, said:

“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.”

AYO.NEWS says:

Cryptocurrency casinos have been around for a while now, and are starting to emerge from the fringe into the mainstream both operators and users start to appreciate the benefits of tokenisation in the iGaming space.

With technology like the Bankroll Manager reducing the onboarding friction that is now plaguing traditional fiat online casinos due to draconian AML and KYC requirements, and an emerging younger generation more comfortable with the concept of cryptos reaching legal gambling age, it seems the age of the crypto casino may finally be here.

Staying with the Isle of Man and blockchain gambling, at the end of October AYO.NEWS reported that RoBET made history as the first blockchain-based sports betting business to be licensed in the self-governing British Crown dependency (read more).

AYO.NEWS says features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited.