Enhancing its focus on digital currency, MoneyMatrix has detailed an agreement with DAOGroup to utilise its cryptocurrency-fiat gateway as an integrated payment solution for MoneyMatrix’s network of operators.

Delivering a host of unique features and benefits tailored to iGaming operators around the globe, DAOWallet’s 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.

DAOGroup CCO Glen Bullen emphasised his views that DAOWallet is ‘a game-changer’ when it comes to offering crypto gaming transactions: “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.”

Furthermore, DAOWallet’s AML and compliance tools look back at the history of all incoming cryptocurrency transactions, eliminating any potential concerns regarding both the history of the user and of the specific coins.

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.”