Brazil Launches New Digital Bank for Gambling Projects

Recently, Brazil has seen the launch of GamersBank, the first-of-its-kind digital bank catering to gamers, poker enthusiasts, sports bettors, and online casino players.

GamersBank offers a comprehensive range of financial services for the gaming industry, from issuing virtual cards and electronic wallets to instant account funding for poker rooms and betting sites. The bank has already entered into partnership agreements with several prominent gaming brands.

GamersBank is now available on Android and iOS, offering free digital account openings, virtual card issuance, and a range of attractive features, including cashback, preferential services, and enhanced deposit bonuses on partner platforms.

One of GamersBank’s key advantages is the ability to instantly deposit and withdraw funds using cryptocurrencies. GamersBank closely collaborates with leading cryptocurrency exchanges in Brazil, offering favorable exchange rates for converting Brazilian reals and other fiat currencies into popular cryptocurrencies like Bitcoin, Ethereum, and more.

The Prospects of Cryptocurrency in Gambling

According to research from CryptoGamblingNews, in 2021, around 60% of all transactions in online casinos were made using cryptocurrency payments. For comparison, this figure was less than 10% in 2016. GamersBank anticipates a further increase in the popularity of digital currencies among players and gaming platform owners.

The main advantages of cryptocurrencies for gamblers include anonymity, transaction speed, and their relatively low costs. Additionally, the use of cryptocurrencies allows bypassing restrictions in some countries on traditional money transfers to online casinos.

Blockchain technology can elevate security in your casino to an entirely new level, making the gambling business transparent and safeguarded against fraud. If you are interested in integrating your blockchain casino, please reach out to the experts at Crypto Legal Services.