Customers Desire Speed, Simplified Learning, and Enhanced Security - QTech Games Delivers on All Fronts
In the thriving world of online gambling, cryptocurrencies are carving out a significant niche. QTech, the top distributor of igaming content in emerging markets, is embracing this trend by introducing a new feature that allows players to use both traditional currencies and cryptocurrencies seamlessly.
We sat down with QTech Games' CCO, Ulf Norder, to understand the motivation behind this move and how it's set to revolutionize the gambling industry.
What pushed you to integrate cryptocurrency into your games?
The crypto-to-game currency innovation isn't just about enabling players to deposit and withdraw using digital currencies. It's also about providing a real-time exchange mechanism, allowing players to convert their balance into any currency they choose and play as usual. QTech Games is capitalizing on the recognized advantages of cryptocurrencies in terms of speed, security, and cost savings.
Moreover, the unique crypto-to-game currency feature armours our partners and their players with a wide variety of cryptocurrencies, including BTC, ETH, XRP, LTC, BCH, USDC, and DAI. This act attracts and empowers a host of new players who prefer cryptocurrencies over traditional fiat money.
Will the role of cryptocurrency in iGaming be confined to transactions, or will it influence other aspects as well?
Absolutely. Cryptocurrencies offer players better margins compared to traditional payment methods, resulting in better sportsbook margins or more generous promotions in casinos. As QTech Games continues to educate partners and improve adoption rates, players will benefit from speed, lower learning curves, and tighter security.
Moreover, the crypto community's resurgent atmosphere suggests that it could foster new genres of games, such as "crash" games and crypto keno sites, which are already demonstrating promising growth trends.
Do you believe that the adoption of cryptocurrency will lead to the creation of new game genres?
Cryptocurrency's unique characteristics, such as its risk-prone appeal, may indeed influence the creation of new game genres specifically tailored for crypto enthusiasts. "Crash" games, for instance, are demonstrating a new avenue for such games. Crypto keno sites are also driving the adoption of more cryptocurrencies and casino games.
While the mechanics of games pose a challenge, cultural factors are crucial in shaping game genres. Success often hinges on understanding the zeitgeist and preferences of local populations, as seen in the popularity of Fish games in China.
Do you think the current use of cryptocurrency in iGaming is optimal, or is there room for improvement?
There's always room for improvement, especially in an evolving space like cryptocurrency. Diversification is key to staying relevant and competitive. The global casino industry is set to expand, and the crypto sector stands to benefit from this growth as it stabilizes. QTech Games continues to innovate, integrating cryptocurrency as a new payment pathway while staying abreast of trends in the crypto market.
Do you have plans for blockchain technology in your games this year?
While QTech Games remains committed to rolling out high-quality content, the integration of cryptocurrency as a payment pathway represents a progressive ally in driving revenue for our partners. We're partnering with more digital casinos looking to disrupt the space through cryptocurrency innovation, underscored by QTech Games' quality product line.
The use of blockchain technology is not a necessity, but an edge that can be secured by integrating crypto. The future lies in the "blockchain-ification" of all scarce assets, be it stocks, digital dollars, or NFTs. Ultimately, blockchains can eliminate intermediaries, making transactions more efficient and egalitarian.
Can you explain the mechanics and appeal of "crash" games, one of the recent features introduced by QTech Games?
Our latest partnership with Spribe, a game development powerhouse, has enabled the integration of Spribe's popular "crash" franchise, including Aviator. These games offer a unique, interactive experience by simulating an increasing curve that can "crash" at any time. Players must predict when the curve will "crash" and cash out before it does.
"Crash" games, also known as Turbo Games, combine elements of video games, social media, and smart gamification features, creating a more immersive and engaging gaming experience. These games appeal to millennials due to the feeling of control they offer, resulting in higher conversion rates.
- QTech Games is capitalizing on the speed, security, and cost savings of cryptocurrencies by introducing a new feature that allows players to use both traditional currencies and cryptocurrencies seamlessly.
- The unique crypto-to-game currency feature provided by QTech Games not only enables players to deposit and withdraw using digital currencies but also offers a real-time exchange mechanism, allowing players to convert their balance into any currency they choose and play as usual.
- As QTech Games continues to educate partners and improve adoption rates, players will benefit from speed, lower learning curves, and tighter security, leading to better sportsbook margins or more generous promotions in casinos.
- Cryptocurrency's unique characteristics, such as its risk-prone appeal, may indeed influence the creation of new game genres specifically tailored for crypto enthusiasts, like "crash" games and crypto keno sites, which are already demonstrating promising growth trends.
- While the integration of cryptocurrency as a payment pathway represents a progressive ally in driving revenue for QTech Games' partners, the future lies in the "blockchain-ification" of all scarce assets, with blockchains having the potential to eliminate intermediaries, making transactions more efficient and egalitarian.
