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.