## Digital Currency Wagering – iGB – Incorporating Crypto into Web-Based Gaming
Tom Waterhouse, a partner at WaterhouseVC, re-evaluates digital currency wagering and if it could be the foundation of the next generation of sports wagering platforms.
**Home > Digital Currency Wagering > How Digital Currency is Being Integrated into Web-Based Gambling**
How to Integrate Digital Currency into Web-Based Gambling
In May, we investigated the vast potential of digital currency wagering, with its gross gaming revenue (GGR) expanding at 36.6% annually.
Online digital currency wagering operators provide users with a similar experience to online fiat wagering operators. Platforms like Stake.com and Sportsbet.io have already generated substantial revenue.
White label platform solutions for digital currency wagering operators can capitalize on the overall growth of digital currency wagering. This implies they are not exposed to the operational and regulatory risks of a single digital currency wagering business.
**Existing Wagering Platforms**
Many fiat wagering operators rely on white label sports wagering and iGaming platform solutions such as Kambi, OpenBet, and SBTech.
However, our research indicates that many existing platforms do not fulfill all core internal requirements in marketing, trading, operations, customer service, and compliance.
Some platforms lack adaptability, and modifications often necessitate additional costly development. Customer profiling and risk configuration result in a subpar experience for high-value players and greater losses for low-value customers.
Several digital services struggle to fulfill user demands or deliver a customized user experience.
Every existing service was established a dozen years ago. A number of these services still depend on conventional technology. Technical liabilities build up over time, posing a significant obstacle for both services and broader tech businesses.
Digital money: The future of wagering services?
There is a substantial chance to create a new generation of wagering services that merge racing, sports, and gaming with digital currency and traditional currency payment options. Essential core service features are outlined below:
We recognize a growing chance to invest in the next generation of wagering services. These services utilize new technologies and incorporate modern third-party connections. Such services integrate digital currency at a fundamental level, rather than as an afterthought.
Considering the ongoing expansion of global digital currency wagering and all online wagering in the US, we are very enthusiastic about the potential opportunity. A crucial aspect of our strategy will be pinpointing leadership teams who have a demonstrated history of developing and running successful services in a competitive environment.
Since its beginning in August 2019, Waterhouse VC has produced a total return of 2,057% as of April 30, 2022, assuming all distributions are reinvested.
Sign up for the iGaming newsletter.
