New digital currency for the regulated online gaming sector looks to simplify the onboarding process leveraging blockchain technology.

LONDON, UK – 23rd March, 2018 – Jumio, the leading AI-powered trusted identity as a service provider, has partnered with CasinoCoin (CSC), the cryptocurrency specifically designed for the regulated online gambling industry. Jumio will provide real-time KYC/AML-compliant ID verification for users of CasinoCoin’s new Bankroll Manager wallet (BRM), uniquely removing the need for players to verify themselves every time they register with a new operator.

CasinoCoin aims to complement, rather than disrupt, the existing online gambling industry by providing a superior payment solution for the operators it partners with. The CasinoCoin blockchain technology will enable players to complete transactions, in less than five seconds, with one KYC verification within their Bankroll Manager wallet. It will boost operational efficiency for its partner platforms by removing the burden of verifying new players.

Importantly, Netverify®, Jumio’s advanced identity verification solution, will also satisfy regulators by helping CasinoCoin to realise its ambition to create the most complete KYC/AML tracking environment in the industry. Using Netverify ID Verification, new Bankroll Manager users can verify a government-issued ID document via their smartphone or laptop cameras almost instantly, helping them to open an account in seconds.