IGT secures crypto payment patent
Supplier looks to bitcoin and litecoin as future payment options across casino slots in the US
IGT is set to offer its retail casino customers the opportunity to use cryptocurrencies as a payment option.
The supplier giant secured a patent this week from the US Patent and Trademark Office which will allow players to transfer cryptocurrencies between their crypto wallets and slot gaming wallets.
This would mean players can move cryptocurrencies such as bitcoin and litecoin into their virtual wallets on slot machines via mobile.
Phil O’Shaughnessy, IGT spokesperson, said: “IGT secured this patent to bolster its industry-leading patent portfolio in anticipation of any possible future direction in regulated gaming involving cryptocurrency.”
The procurement of the patent follows the successful regulatory approval of its new Resort Wallet by the Nevada Gaming Control Board this week.
The cashless solution will be deployed in Nevada and allow players to deposit and withdraw funds into a secure digital wallet.
Ryan Reddy, IGT VP of VLT, systems and payment products, said: “Our Resort Wallet solution ensures that our customers can experience the increased liquidity, player convenience, and enhanced safety that only cashless gaming can deliver.
“This solution will heighten the player experience to new levels while positioning our customers as technology leaders. We’re grateful to the Nevada Gaming Control Board for enabling this momentous debut in the state,” he added.