Estonia – DAOGroup strikes partnership with MoneyMatrixBy Phil - 3 September 2020
DAOGroup has signed a partnership agreement with MoneyMatrix to supply DAOWallet, its premier cryptocurrency-fiat gateway, as an integrated payment solution for MoneyMatrix’s network of operators.
Delivering multiple unique features and benefits tailored to iGaming operators around the globe, DAOWallet’s innovative design supports a wide range of currencies, including Bitcoin and Ether for crypto, Tether and TrueUSD for stable coin, and Euro via SEPA and USD via Swift for fiat.
DAOWallet also interacts with Ether Scan to provide efficient gas pricing, as well as all major exchanges such as Binance, Kraken and Bitfinex, ensuring the very best rates for MoneyMatrix’s operators.
For peace of mind, DAOWallet’s pioneering AML and compliance tools scour the history of all incoming cryptocurrency transactions, eliminating any potential concerns regarding both the history of the user and of the specific coins.
DAOWallet operators further benefit from its crypto processing licence, which ensures all transactions on the operator side are fiat only – another key element ensuring every transaction is fully compliant on all sides.
DAOGroup CCO, Glen Bullen said: “DAOWallet brings something entirely new to the table compared to other wallets out there. Specifically designed for gaming, we give our partners peace of mind that they’re in full control of their funds and not at the mercy of gas prices, exchange volatility and commissions, or shifting regulatory requirements. We’ve seen a huge surge in interest and activity in crypto use across the iGaming sector this year and we’re confident our solution will prove a real asset when it comes to both re-engaging our partners’ players along with supporting their expansion into new markets after this year’s downturn.”
DAOWallet is scheduled to go live on MoneyMatrix at the end of September.
Commenting on the deal, Sean Spiteri, Head of Vendor Management at MoneyMatrix, added: “Offering our customers the best gaming experience requires catering to their every need and utilising the best products available.DAOWallet has real potential to be a true industry game-changer and we’re delighted to be one of the first major groups to be adopting their solution – we’re sure it will prove to be of significant benefit to both our partners and their players.”