Nevada clears the way for Bitcoin SV cashless casinos

As we try to distance ourselves from anything that might get us sick, the use of cash in casinos has become a potential way to use technology to accomplish that task. The Nevada Gaming Commission (NGC) made it easier for Nevada casinos to introduce cashless systems within their land-based operations on June 25, and that opens up a huge opportunity for casinos to improve their operation and save money with Bitcoin SV (BSV).

The NGC passed eight amendments, each of which will make it easier for cashless systems to be introduced. Effective immediately, the amendments remove some of the existing requirements for a cashless system, such as required print outs for slot machines. Funds can now be transferred directly from a smart device to slots or tables and then back again.

The NGC said that they hope this would be the first step toward transforming the use of currency in casinos to electronic payment transfer systems. But not everyone is in favor of the idea, as some responsible gaming advocates have expressed concern that this will make compulsive gambling easier to pursue. Acting commission Chairman John Moran didn’t agree. “I don’t think you really give anything up by approving the first step,” he said.

Board Chairwoman Sandra Morgan, Phil Katsaros and Jim Barbee agreed that this shouldn’t introduce any additional problems, and in fact could help improve factors like tracing financial transactions through cashless systems and enforcing self-exclusion.