The gambling industry is typically ahead of the curve when it comes to emerging technology, and that’s no different in the realm of payment options. To discuss the ways gambling stays at the bleeding edge, and can also still improve, our Becky Liggero Fontana caught up with Payment Expert’s News Editor Joe Streeter at CoinGeek London.
“A big part of what we do is exploring the payment sectors relationship with gambling, and it is an evolving relationship, it’s an innovative relationship, it focuses on FinTech,” said Streeter.
Other industries, perhaps more conservative in nature, don’t try the latest technologies in payments the way gambling does. “Something that I’ve noticed is, within gambling and payments, the payment sector is ahead of where it is, you see advancements that are ahead of where they are in payments in other sectors,” he said. “I think you could almost say you’re looking into the future, from other sectors looking in, you’re looking into the future and how you look at payments relationship with gambling.”
Digital currency assets, like Bitcoin SV, continue to be a hot topic at gambling industry events. “Yes, certainly, I mean it’s a recurring theme at events, it’s a recurring theme within the news, exploring not just payments relationship with gambling, but also blockchain’s relationship with gambling,” Streeter admitted. “And how blockchain can involve gambling and how it can involve the gaming sector.”
While Streeter may not be entirely focused on how blockchain technology has advanced the payment world, he knows it brings clear benefits to those that choose to adopt it. “Well I mean the key word is the seamlessness, and the smoothness,” he noted. “I’m not going to pretend to be a blockchain expert, and that’s why I’m here to learn about the industry but I think the seamlessness and the transparency will be key, being that something, not just operators, but consumers will look for. And that’s something that will I think the quick consumers of blockchain will be massively attractive to consumers.”
