LONDON, March 22, 2018 (GLOBE NEWSWIRE) -- Jumio, the leading AI-powered trusted identity as a service provider, has partnered with CasinoCoin (CSC), the cryptocurrency specifically designed for the regulated online gambling industry. Jumio will provide real-time KYC/AML-compliant ID verification for users of CasinoCoin’s new Bankroll Manager wallet (BRM), uniquely removing the need for players to verify themselves every time they register with a new operator.
CasinoCoin aims to complement, rather than disrupt, the existing online gambling industry by providing a superior payment solution for the operators it partners with. The CasinoCoin blockchain technology will enable players to complete transactions, in less than five seconds, with one KYC verification within their Bankroll Manager wallet. It will boost operational efficiency for its partner platforms by removing the burden of verifying new players.
Importantly, Netverify®, Jumio’s advanced identity verification solution, will also satisfy regulators by helping CasinoCoin to realise its ambition to create the most complete KYC/AML tracking environment in the industry. Using Netverify ID Verification, new Bankroll Manager users can verify a government-issued ID document via their smartphone or laptop cameras almost instantly, helping them to open an account in seconds.
Anies Khan, Head of Gaming, Jumio, said: “CasinoCoin offers a radical solution to the gaming market, reconciling companies’ desire to provide a smooth user experience with the requirement to comply with strict KYC/AML regulations. Working together, we’re confident that we can support the company in meeting both of these goals, providing benefits for both users and gaming operators well into the future.”
CasinoCoin is committed to promoting adoption and best-use practices of cryptocurrency in regulated gambling markets. As such, it plans to partner exclusively with regulated gambling ...