US slot jockeys could soon place their bets in Bitcoin after the world’s largest gambling machine company got the go-ahead for a new crypto payment system.
London-based IGT last week secured a new patent that lets players to use mobile QR codes to transfer digital currency between betting machines and external crypto wallets.
A few smaller casinos already support BTC, but they normally involve special crypto ATMs for converting to fiat before playing.
IGT’s new system promises to cut out the middleman; gamblers can directly place their wagers in crypto or cash out winnings at the push of a button.
The patent also lists support for altcoins Ethereum and Bitcoin Cash, but there is a proposed fee for exchanging between crypto and fiat currencies.
IGT hopes the move will improve the casino experience and attract a younger crypto-savvy crowd to the brick and mortar gambling sector.
After all, it’s no secret that crypto and gambling have always gone hand-in-hand. Last year, gambling-specific crypto boasted a combined market value of more than $150 million.