Gambling Tech Giant IGT Patents Way to Fund Bets With Bitcoin

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A top gambling technology company has patented a way for Bitcoiners to pay for their next digital die roll with cryptocurrency.

International Game Technology Plc, which builds slots and other technology for casinos, has not yet announced any plans to incorporate bitcoin, bitcoin cash and ether into its technology. However, the new patent, which was granted on Tuesday, gives HODLER players the option to pay for their bets with one of the three.

As described in the US Patent and Trademark Office filings, users of the IGT method could transfer cryptocurrency to their gaming accounts as a means of payment. There the crypto would be converted into fiat currency after paying a fee.

IGT’s records include drawings of a mobile phone application for placing deposits, as well as a slot machine that would theoretically make the actual bet easier. One drawing contained a live bitcoin wallet address that IGT apparently set up but never used.

However, the patent does not apply exclusively to slot machines. rather, about the means of moving crypto to the player’s account. IGT could theoretically introduce a now patented method of crypto-funding on any of its digital gambling platforms. The company is involved in slots, lotteries and the emerging sports betting scene.

Also on Tuesday, IGT announced that Nevada’s powerful Gaming Control Board has approved its plans for a cashless betting system that will allow players to fund slot machine and table game bets with the tap of their phone. That announcement was the mother of crypto integration.

IGT did not immediately respond to inquiries.