Cryptocurrency
Crypto Banking
The term crypto banking refers to how individuals can use cryptocurrencies to conduct business. There is a convergence between investing in cryptocurrency and banking methods wherein both fiat currency and cryptocurrencies can be exchanged and interact through banking services. This is what Crypto Banking wants to exploit.
What is Crypto Banking?
Crypto banking is the process of managing digital currency through any financial service provider or bank. People are increasingly buying, selling, and trading cryptocurrencies because they can do so with an internet connection. Banks that accept digital currencies and support cryptocurrencies include Ally Bank, Wirex, Barclays, Goldman Sachs and JPMorgan (to name a few).
Unlike traditional financial institutions, crypto banks do not hold stocks or cash for investors or customers. Crypto banks, on the other hand, hold digital assets instead of fiat currency. Vast Bank, for instance, provides business and personal banking products including savings accounts and checking CDs, credit cards, and loans.
Despite being a small local bank with 35 years of experience in the business, it has recently entered the crypto economy and has been given attention as the first US nationally chartered bank that allows customers to hold crypto assets in their accounts.
Crypto Interest Accounts
Starting with a crypto interest account is the simplest way to get started. A traditional savings account may offer interest rates as low as 1% compared to crypto banks with 10%. These crypto accounts are available at Gemini, BlockFi, Nexo Outlet Finance, and Linus among others.
Crypto Checking Accounts
You can also open a crypto checking account. You will be able to keep more of your money without paying crypto fees if you have a crypto checking account. The Quontic Bank and Vast Bank also offer crypto checking accounts.
Customers who make eligible purchases with Quontic’s Bitcoin Rewards Checking account are rewarded with bitcoin. Quontic debit cards allow you to make purchases that qualify for Bitcoin conversion when you use them online or in-store. About 1.5% of your total transaction will be converted into Bitcoin after the transaction is completed.
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How to get started with Crypto Banking
The easiest way to get started with crypto banking if you don’t own any cryptocurrency yet is to register for an account with any bank that accepts cryptocurrencies or your choice of decentralized finance apps. Then you can buy Bitcoin and other currencies from their exchanges.
Applications using decentralized blockchain networks are called decentralized finance apps, which do not require a middleman like a brokerage or a bank to facilitate the purchase of financial products. Apps that are both platforms for buying and selling as well as hot wallets where crypto-assets can be stored are also available. Among these apps are:
Revolut: which allows users to complete transactions using Bitcoin, Ethereum, and Litecoin
SEBA Bank: A Swiss bank that accepts cryptocurrency payments and transactions
Wirex: An online payment platform that allows crypto transactions and payments
Risks of Crypto Banking
Investing in cryptocurrencies and using apps that allow you to trade and hold digital assets carries some risks as crypto banking disrupts the financial sector. Here are some risks you can face.
Crypto Market Volatility
The volatility of crypto assets is well known. Because it takes a long time before cryptocurrencies become stable, investing in crypto comes with a higher level of risk than other trade markets. Despite their stability, crypto markets can experience dramatic fluctuations in a heartbeat.
Cryptocurrency is not FDIC Insured
Unlike traditional deposits, crypto investments are not insured by the Federal Deposit Insurance Corporation (FDIC). If the company from which you purchase crypto goes under, you could lose all your investment. Eventually, cryptocurrencies may be insured, but in the meantime, it’s important to choose a reputable crypto bank to work with.
Crypto Hacks, Theft and Fraud
As fintech becomes more popular, more hacking incidents occur in DeFi applications. You should consider a cold wallet to protect your investments, as you need to be aware of how your crypto assets are stored.
Conclusion
Blockchain technology has many uses in banking, so it won’t be long before banks start to make use of the public ledger in certain areas. There will inevitably be risks in finance. However, crypto banking and blockchain technology present the possibility of a future in which anyone on the planet can access transparent crypto banking.
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affiliate marketing
ReferOn adds crypto finance layer to automate affiliate payouts
ReferOn has launched a built-in crypto finance layer designed to automate affiliate payouts and centralise crypto payout workflows inside its platform. The company said the feature supports crypto payments through its licensed partners’ payment gateways and is available now.
ReferOn said the layer is intended to replace manual, fragmented finance processes with program funding, real-time visibility into funds, automated crypto payouts, and audit-ready transaction history with exports. The company is positioning the release at affiliate teams that manage high payout volumes and frequent reconciliation work.
The update introduces a dedicated finance page for each affiliate program, including program funding and balance visibility, integrated top-ups with deposit address management, and a transaction journal with filters, detail views, pagination, and CSV export. ReferOn also said the automated payout flow records conversion data (rate and amounts), syncs statuses, and creates transaction records instantly.
On controls, ReferOn said each automated payout requires explicit confirmations and 2FA before being triggered. The company added that the feature is built to support audit and compliance needs through traceable transaction logs and one-click CSV exports.
Vlad Bondarenko, Head of Product at ReferOn, commented: “In all honesty, manual crypto payments are a disaster waiting to happen. When teams are afraid of entering the wrong address, making a double payment, or organising ever-growing spreadsheets, the team environment turns conservative and reactive. Our new crypto finance layer eliminates this confusion by providing managers with a comprehensive, centralised hub that automates the manual via integrated payment partners. This feature isn’t about offering affiliates a fancy new payment method or automating for the sake of it, it’s about freeing you up to run a revamped financial operation.”
The post ReferOn adds crypto finance layer to automate affiliate payouts appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
BC Engine
BC.GAME launches BC Engine, introducing continuous rewards model powered by $BC
Global crypto gaming platform BC.GAME has introduced BC Engine, a new rewards system designed to provide players with ongoing value from their gameplay, without minimum thresholds or tier requirements.
Inspired by crypto staking models, BC Engine transforms the platform’s native token, $BC, from a one-time incentive into a continuous rewards mechanism. Players still earn $BC through wagering as usual, but instead of being distributed as a standalone reward, the token is automatically allocated into BC Engine, where it contributes to ongoing earnings.
Rewards are distributed hourly in BCD, BC.GAME’s USD-pegged token, with each player’s payout determined by their $BC balance at the time of distribution. This structure creates a more consistent and transparent reward model, directly linking player activity to tangible returns.
The system also introduces a more sustainable approach by aligning reward funding with actual gaming performance, reducing reliance on traditional promotional spending.
Importantly, BC Engine is accessible to all players from day one, with no wagering thresholds or tier-based entry requirements, allowing users to begin earning rewards from their very first bet.
Alongside the launch, BC.GAME has rolled out additional enhancements to its rewards ecosystem, including a Welcome Shield protection feature for new users, as well as updated daily, weekly, and monthly reward programs.
The release comes as BC.GAME continues to expand in regulated markets, with an increased focus on compliance, local partnerships, and sustainable growth. The platform has been adapting its offering to meet jurisdictional requirements while strengthening its position across both licensed environments and its global crypto audience.
Kar Kheng Giam, Chief Executive Officer of BC.GAME, said:
“We want rewards to be simpler, more immediate, and more sustainable. Players should see value from the moment they start playing, without needing to reach specific milestones. With BC Engine, $BC becomes a core part of how ongoing rewards are delivered.”
The new features are now live across multiple markets, subject to local regulatory availability.
The post BC.GAME launches BC Engine, introducing continuous rewards model powered by $BC appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Crypto
Paysafe launches Pay with Crypto solution to meet US iGaming market demand
Paysafe (NYSE: PSFE), a global payments platform, today announced the launch of Pay with Crypto, a new crypto payment method for iGaming operators and daily fantasy sports brands in the U.S. market. Powered by MoonPay, the leader in global crypto payments and stablecoin infrastructure, Pay with Crypto allows iGaming brands’ customers to use their preferred stablecoin or cryptocurrency to effortlessly fund their player accounts, where permitted.
With a reported ~70.4m American adults owning cryptocurrency and with Paysafe’s own research indicating that 83% of U.S. players have appetite for crypto payments, the company has responded to meet this demand with Pay with Crypto. Whether a player wants to fund their iGaming account using USD Coin (USDC), another stablecoin, or any major cryptocurrency, Paysafe’s new payment option for operators’ cashiers enables their crypto deposit to be rapidly converted to U.S. dollars to allow play.
After selecting Pay with Crypto and their preferred stablecoin or cryptocurrency, players simply connect their crypto or custodial wallet to fund the deposit, with the MoonPay Commerce Checkouts technology also supporting transactions via QR code using users’ phones. Once transactions have been verified, Pay with Crypto instantly converts crypto deposits into U.S. dollars to fund the player account.
The flexibility embedded in the Pay with Crypto solution also extends to operators, which can choose to settle payments almost instantly in stablecoins in their business’s crypto wallet, or settle in U.S. dollars or any major fiat currency through MoonPay’s Virtual Accounts powered by Iron.
Operators can upgrade their cashiers with Pay with Crypto through a single, streamlined integration of the Paysafe Gateway, which has been developed specifically for iGaming and leverages the company’s 30 years’ global experience. With the Gateway already boasting frictionless card payments, the Skrill digital wallet, the PaysafeCash eCash solution, a Pay by Bank product, and 30+ local payment methods, the addition of Pay with Crypto sees Paysafe continue to diversify its offering to meet evolving transactional preferences.
Zak Cutler, President of Global Gaming at Paysafe, said: “Galvanized by the growing popularity of stablecoins, cryptocurrency is evolving in the U.S. from an investment asset into a unit of value for payments, and we’re seeing this shift gather pace in the country’s iGaming market. Against this backdrop, we’re delighted to unveil Pay with Crypto, a forward-thinking solution that strongly positions U.S. operators for their customers’ changing transactional preferences – the future of how they pay when they play.”
Ivan Soto-Wright, Founder and CEO of MoonPay, commented: “Crypto rails are making payments faster and more efficient, and our job is to close the gap between this technology and real-world utility. People shouldn’t have to convert their digital assets just to make a purchase – they want to use what they already have. Paysafe brings that experience to more people through trusted, regulated platforms.”
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