BitLine
BitLine Enhances Onboarding Experience in Collaboration with Jumio: Simplified KYC for Casino Patrons
This collaboration emphasizes convenience, security and regulatory compliance
Through the BitLine app, users can seamlessly transact with up to US$10 million in casino chips 24/7
BitLine, a pioneering provider in the integration of digital assets for direct access to casino chips, proudly announces a strategic alliance with Jumio, an industry leader renowned for its comprehensive know-your-customer (KYC) solutions.
This partnership marks a significant milestone as BitLine streamlines its onboarding process for casino patrons, ensuring a seamless and secure journey into the realm of digital asset-based payments for gaming.
The collaboration between BitLine and Jumio signifies a commitment to delivering unparalleled convenience while upholding the highest standards of security and regulatory compliance. By leveraging Jumio’s advanced technology, BitLine reinforces its dedication to building trust among users and offering a frictionless experience for individuals seeking access to casino chips via digital assets.
Richard Jones, the Chief Executive Officer for BitLine by Ibanera, expressed enthusiasm about the partnership, stating: “Trust and compliance are the cornerstones of every successful casino venture. At BitLine, our vision to innovate this industry through digital assets hinges on maintaining trust and adherence to regulations. Our collaboration with Jumio represents a monumental stride towards achieving this vision, ensuring that casino patrons transact securely and confidently through our platform.”
Echoing this sentiment, Robert E Prigge, the Chief Executive Officer for Jumio, commented: “The evolving landscape of digital assets presents endless possibilities and BitLine’s innovative approach has reshaped the casino industry. By eliminating withdrawal limitations and expanding accessibility, BitLine has ushered in a new era of gaming. We are thrilled to contribute to BitLine’s journey by providing essential elements of security and compliance.”
BitLine by Ibanera grants cryptocurrency owners unprecedented access to up to US$10 million in casino chips, 24/7/365, serving as a conduit for liquidity on the casino floor. Through the intuitive BitLine app, casino enthusiasts worldwide can initiate transactions within minutes, leveraging their digital assets to unlock funds effortlessly.
BitLine by Ibanera, the only industry provider for casino chip access directly from cryptocurrency in the physical casino environment, and FinClusive, a regulatory technology and compliance credentialing platform, announced their partnership to enable Compliance as a Service (CaaS) for global onboarding of patrons in the casino industry.
Using patented technology, BitLine’s mission is to enhance the casino experience for patrons with a real-world application of blockchain. BitLine drives customer engagement for casinos by removing the friction that patrons typically experience when opening liquidity, providing instant global onboarding and transaction execution, and robust compliance coverage.
Commenting on the partnership and the opportunities it presents, Richard Jones, Founder of Bitline said: “We understand that in the Casino Gaming space, compliance rules the day. We are excited to launch amazing software alongside best-in-class institutional partnerships such as FinClusive. We are working together to revolutionize the Casino Payments landscape using technology and experience to put Blockchain at the forefront of effective payment solutions 24/7/365.”
FinClusive’s Compliance as a Service (CaaS) solution provides BitLine with KYC and KYB support that will enable digital identity credentials as part of the global onboarding of patrons in the casino industry. BitLine will further utilize these tools for ongoing client and transaction monitoring of digital assets to ensure an end-to-end compliant gaming environment for access to liquidity in a highly regulated industry.
“By embedding our CaaS solution into BitLine’s consumer-facing platform, we can empower consumers to securely participate in the casino environment with digital assets, and ensure that requisite regulatory compliance controls are in place in a sector—gaming—that has traditionally been higher compliance risk,” Amit Sharma, Founder and CEO of FinClusive, said.
He added: “We empower businesses with the modernized compliance tools they need to succeed, and we are excited to partner with BitLine and support their efforts to deliver innovative gaming products in a manner that complies with the most rigorous international anti-money laundering standards.”
Together, this partnership is poised to revolutionize the Casino Payments landscape, placing compliant blockchain technology at the forefront of efficient payment solutions 24 hours a day – every day – anywhere in the world.
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