Online gaming operator GoodGaming is to launch a new igaming brand powered by CasinoCoin, as the firm strives to capitalise on the emerging trend of cryptocurrency gaming.
Licensed via the Isle of Man Gambling Supervision Commission, the casino is to accept deposits, wagers and withdrawals in CasinoCoin, leveraging its bankroll manager to handle KYC and AML obligations.
This allows users to play at any casino that accepts CasinoCoin with a single registration and KYC check, as well as allowing customers to deposit and withdraw from each operator instantly.
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.”
The licensing of the new casino has been overseen by Blockchain Isle of Man, which the firm states 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.”