Permanent Deposit Addresses: The Next Big Step in Crypto iGaming Payments

The digital era has reshaped the iGaming industry, and crypto-powered platforms are at the forefront of this transformation. Smooth, fast, and secure transactions have become the heartbeat of online gaming. Players demand speed and simplicity, while operators need tools that make financial management effortless. In this week’s “Tool of the Week,” we spotlight a breakthrough feature set to redefine deposits in iGaming — Permanent Deposit Addresses, introduced by Plisio.

The Rise of Crypto iGaming Platforms

Blockchain technology has revolutionized countless sectors, and online gambling is no exception. Its core principles — decentralization, transparency, and security — match the exact needs of iGaming. With the arrival of cryptocurrency integration, a new niche has emerged: crypto iGaming platforms.

Plisio’s Role in iGaming

Plisio understands the challenges crypto iGaming operators face and delivers a flexible solution for handling both deposits and payouts.

How Plisio Handles Deposits and Payouts

With Plisio, operators can:

• Open deposit accounts for players through its custody feature.
• Allow players to replenish balances with ease.
• Move funds from player accounts into the platform’s account.
• Send automatic payouts to winners once a game concludes.
• Withdraw profits into private wallets.

On top of that, Plisio supports a wide range of payment options.

Permanent Deposit Addresses Explained

So why do Permanent Deposit Addresses matter? They simplify the deposit process for platforms and users alike. Plisio’s system can detect payments made in the wrong coin or network, as well as recognize repeat deposits — a powerful capability that makes permanent addresses possible.

This feature comes with a few conditions. To set it up, operators need to:

• Integrate Plisio API: Gain payment creation, custody, and payouts.
• Generate a Payment: Choose a currency and create a payment tied to a permanent address, ideally setting it near the minimum threshold to avoid partial payments.
• Store the Address: Link the generated address to a user account and save it securely.
• Repeat for Other Coins: If multiple cryptocurrencies are needed, repeat the process accordingly.

All of this is powered by Plisio’s own servers, which handle requests from partners. For example, when a platform generates a payment, the request goes to Plisio’s API endpoint, and the server responds with the required details — a classic client-server model in action.

A Better Experience for Players

Once implemented, players receive a dedicated deposit address in their chosen cryptocurrency. They can top up freely, provided the amount meets the minimum requirement, without waiting for new instructions each time.

Some important considerations include:

1. Rule Consistency: Payments made to the same address will always follow the same conditions as the original setup.
2. Managing Risk: For unusually large deposits, it’s safer to create a separate payment instance.
3. Labeling: Currently, repeated payments to the same address may appear as “Pay In” in the partner dashboard, though Plisio is working on refining this.

Permanent Deposit Addresses stand to change the iGaming payment landscape. They not only make deposits easier for players but also streamline the back-office operations for operators. Plisio continues to innovate, offering tools that help its partners succeed in the fast-evolving digital gaming world.

Final Thoughts

Adding permanent deposit addresses to crypto iGaming platforms is a bold step toward simplifying the payment flow and boosting customer satisfaction. By teaming up with Plisio, operators can adopt this forward-looking feature and gain a competitive edge.

In an industry where speed and convenience can make all the difference, Permanent Deposit Addresses offer a way to stay ahead and raise the standard of iGaming platforms everywhere.