SBC Digital Summit: How to get blockchain payments right

The gambling industry is slowly but surely catching on to the utility of digital currency payments, and there’s perhaps no better time to talk about them than now, when everything seems to be up in the air. Calvinayre.com’s own Rebecca Liggero Fontana moderated a panel on “Blockchain payments as a driver in crisis.” She was joined by panelists Isabelle Delisle, Head of Payments for Pinnacle, Max Krupyshev, CEO of CryptoProcessing.com by CoinsPaid, Lloyd Purser, COO of Funfair Technologies and Tom Bloor, Sales Manager of Cryptopay.

Delisle said Pinnacle have looked at blockchain payments as a companion to fiat, rather than a replacement. The first world has a wealth of options and haven’t shown a great interest in it yet, but digital currencies improve a lot in what’s available in third world nations.

Purser, who’s Funfair Technologies only uses digital assets, is in a place where he’s disrupting the industry. He noted that relying only on digital currencies results in a more secure, fair and faster experience.

Krupyshev, who provides a payment service, argued that digital currencies are completely global; everyone has access to them. They are quick and irreversible, it’s a new market, making for new opportunities, and there’s less middlemen to take a share of the pot. Bloor, who also offers a payment service, added that merchants who turn to blockchain payments generally have problems that they want to improve on, and they don’t care what technology does it. Digital currencies help to get around bank restrictions, and they are also faster across borders.