CasinoCoin selects Jumio to simplify the onboarding process
Jumio has been selected to provide real-time KYC/AML-compliant ID verification for users of CasinoCoin’s new Bankroll Manager wallet, removing the need for players to verify themselves every time they register with a new operator. CasinoCoin is a cryptocurrency specifically designed for the regulated online gambling industry.
According to the announcement, 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, boosting operational efficiency for its partner platforms by removing the burden of verifying new players.
Using Jumio’s 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.
“Jumio has been supporting organisations in both the online gambling and cryptocurrency spheres for a long time now, and has established a formidable reputation as a KYC partner,” explained John Caldwell, Director of Advocacy for the CasinoCoin Foundation. “This made them the obvious choice for us when seeking out an ID verification solution for our Bankroll Manager wallet.”
The CasinoCoin Bankroll Manager will be available for customers to download towards the end of Q2 2018.
According to a new report from Jumio, more than one in four online gamblers has given up attempting to open an account because the process was too long or complicated.