Tune in for the latest SOFTSWISS Crypto Report, a partnership creating lower crypto fees, & a SOFTSWISS ice cream truck with chilli flavours! (Image from SOFTSWISS.com)
The SOFTSWISS news grapevine is rattling with stories, and it comes as no surprise as this is one of the industry’s number one aggregator platforms.
There’s the latest cryptocurrency report covering Q1, Q2 and Q3 of 2022 (yes, it’s that time again).
And to add to its crypto presence, a regularly highlighted USP for the B2B iGaming solution provider, SOFTSWISS has teamed up with one of the biggest names on the crypto scene to bring what it claims to be the lowest fees on the market today.
In other related cryptocurrency news, SoftSwiss recently introduced new currencies into its ‘In-Game’ crypto to fiat conversion tool. Rather than only supporting crypto-USD pairs, players can now access fiat currency only casino games also using CAD, EUR, NZD, AUD, USD, JPY, NOK, RUB and BRL via the tool. You can read the full report here.
Before we get into cryptocurrency reports below, let’s take a look at what SOFTSWISS has been up to in Malta, showing the fun side of the company in a news report that highlights a spicy CSR activity I will cover in brief. Or if you prefer, you can simply skip straight to the crypto news stories below!
SOFTSWISS Shows Off Its Personality with Novelty Icecream Truck
Although SOFTSWISS is a serious outfit, providing white label aggregator solutions to operators that have an out-of-the-box online casino solution, the company is not always just about business. The firm recently took to the streets of Malta with an ice cream truck (2 to 3 November). And it wasn’t the truck itself that brought the attention of locals in the Sliema and Gzira areas. It was the extraordinary menu. There were chilli ice creams, which, according to the official new report, actually went down well with locals.
800 Ice Cream Portions Dished Out: Throughout the day, the company’s dished out over 800 novelty chilli flavoured ice creams bringing smiles to the streets. Not only did it help the company bond with those that live in Malta, where SOFTSWISS has offices, it also came up with some interesting job offers.
SOFTSWISS News Recap/Highlights
- Fancy a chilli flavoured ice cream? SOFTSWISS gave away 800 in Malta this month
- Check out the SOFTSWISS Q1, Q2 & Q3 crypto analysis
- New partnership with crypto company to bring players & operators lower fees
The Latest SOFTSWISS Crypto Report
(Q1, Q2, & Q3 2022)
As we approach the end of 2022, it is safe to say it has been yet another year where cryptocurrencies have been on the lips of many in the iGaming industry. However, in the latest crypto report from SOFTSWISS, fiat currencies have had a resurgence this year. This report is compiled using data collected from the online casinos that use the SOFTSWISS platform.
What it shows is that for the first three quarters of 2022, is that while overall betting has increased in volume and GGR, bets placed using cryptocurrencies have fallen 23.5% year on year. Total bets placed at online casinos powered by SOFTSWISS increased to 33.1% while GGR also climbed by 36.6%.
The report also broke down which crypto were used the most at dual fiat and cryptocurrency casinos. As expected, Bitcoin remains the most popular digital currency used at crypto casinos. Ethereum is growing fast and now accounts for 14.5% of iGaming revenues. Litecoin also experienced impressive growth, going from 2.15 percent to 5.2 percent. However, as expected, Bitcoin remains king as it accounts for 72% of all cryptocurrency bets. The remaining bets were placed using a variety of other cryptocurrencies, including Bitcoin Cash, Ripple, Tron, and Tether.
- Total bets on the SOFTSWISS platform are up 33.1% compared to the same period in 2021
- GGR also increased by 36.6%
- Bets placed by cryptocurrencies fell 23.5% year on year
- 70% of bets placed using fiat currencies (an increase of 13%)
- 30% are placed using cryptocurrencies
New Deal Brings Lowest Crypto Fees on the Market
(New Crypto Partnership)
Thanks to a new SOFTSWISS-CryptoProcessing.com partnership, operators using the sports books and online casino solutions on the iGaming firm’s aggregation platform now have access to a special offer that stems from the new deal. It promises those operators who claim will have access to the lowest cryptocurrency transaction fees on the market. Currently, standard fees for transactions are around 0.8% but by using the SOFTSWISS/Cryptoprocessing platform. However, via the new agreement, partners can grab hold of fees that are comparatively much lower.
CryptoProcessing itself is no small potato. It completed close to 5 million cryptocurrency transactions in Q3 2022 alone. Combined, those transactions were worth € 3 billion. That is double the figures the company achieved in Q1 2022, thus showing immense growth – something SOFTSWISS also year-on-year, making these two visionary companies a perfect match.
The lower fees could also benefit players, making them a welcomed addition. Where casinos and sports books make savings, they can offer crypto players increased value via improved promotions, enhancing their clientele’s iGaming and sports betting experiences. Meanwhile, cutting down on operational costs will also help to increase profit margins.
- New partnership with CryptoProcessing.com
- Lowest crypto transaction fees in iGaming
- Fees lower than the current 8%
- Meeting growing demand for crypto
- Both players & operators to benefit
SOFTSWISS 2021 Crypto Report: If you are interested in crypto gambling report produced by SOFTSWISS, you can rewind back to the 2021 detailed report recap for crypto. It covers all transactions made by players at online casinos that use the brand’s white label aggregator platform.
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