June 13, 2020

Asia iGaming Boosted by Cryptocurrency Fintechs in Philippine CEZA

Ari-Pekka Sundqvist
Cryptocurrency, gambling

Cryptocurrencies, one of the drivers of growth to online gambling in Asia, is now supported by numerous blockchain fintechs in the Philippine’s economic zone.

The Philippine government, which licenses and regulates offshore gaming operators that provide igaming technology and products in Asia, has provided the outsourcing companies with cryptocurrency support for its international wagering transactions. In fact, the free-trade Cagayan Economic Zone Authority (CEZA) established the “Crypto Valley of Asia” as part of its bid to become the first Asian economic zone to license, regulate and cultivate offshore virtual currency fintech companies.

In February 2019, Raul Lambino, CEZA Chief Executive had announced the approval of the first 10 blockchain platform providers for offshore cryptocurrency exchanges. To date, there are about 48 cryptocurrency fintechs licensed by CEZA, currently operating blockchain platforms in the “Crypto Valley of Asia,” According to CEZA Chief Raul Lambino, the blockchain platforms can engage in crypto-mining, raise funds by way of Initial Crypto Offerings (ICO) as well as participate in cryptocurrency exchanges.

However, Lambino stressed that exchanges of virtual currency into real money and vice versa, are allowed only for offshore cryptocurrency transactions. The CEZA Chief underscored the importance of observing this particular CEZA rule, in order to avoid infringing on Philippine regulations.

A Closer Look at a Cryptocurrency-Powered Asian Gaming Platform

One of the reasons why 918Kiss mobile gambling platform is a top favorite among Asian gamblers is because of its software, which also supports payments and rewards in digital currency. The Kiss Coin, which is the digital money that powers the 918Kiss cryptocurrency blockchain, also rewards those who will promote the use of Mastennodes for the igaming platform’s in-payment services.

In cryptocurrency operations, a masternode is the cryptocurrency wallet being used by participants in a cryptocurrency network. Masternode holders maintain a real-time up-to-date copy of the blockchain ledger.

The 918Kiss mobile gambling platform allows Masternode owners to stack a sizable amount of Kiss Coins to use as wagers, and to store winnings gained from their stakes. Moreover, all transactions appearing in the Kiss Coin blockchain are kept private. The Kiss Coin blockchain even allows users to send Kiss Coins to each other via the Private Send.

How to Become a Member of the 918Kiss iGaming Community

Readers who are interested in becoming part of the igaming world of 918Kiss should first download the application available at the official 918Kiss website. Apps are available for both Android and iOS supported smartphones.

 

After doing so, they have to register with the Support Desk, via Telegram or WeChat. In case a registering user does not have a Telegram or WeChat app, the website also provides the mobile application for these communication platforms.

Once the account info of the registering individual has been vetted and approved, the new member can download mobile applications for any of the numerous online casino brands hosted by the 918Kiss platform. Choose from any of the selections presented in the MENU section and proceed by downloading the corresponding app for the online casino brand.

Most new customers often proceed with a 918kaya, being one of the 918Kiss casino brands that have received favorable reviews for its highly successful mega-jackpot slots.

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