XEROF: Fast Crypto Payments for Gaming Companies
The gaming industry has recently exploded as millions of individuals now use P2E (play-to-earn) games to earn crypto. In fact, the global blockchain gaming market size in terms of revenue was estimated to be worth $4.6 billion in 2022 and is anticipated to rise by $65.7 billion by 2027.
Until relatively recently, fiat currencies were the only forms of payment accepted in video games. In addition to new technological developments, debit card transactions and other options like PayPal are still accepted as online forms of payment. In 2023, however, there are even more options as cryptocurrencies have become a popular payment method for gaming services.
With such an increase in use, it is more important than ever for gaming companies to pay out quickly and efficiently. XEROF is one platform that stands out when it comes to providing fast and reliable crypto payments for gaming companies and also gambling companies.
How is XEROF Helping Gaming Companies with Crypto Payments?
1. Crypto Payment Processing
A challenge many gaming companies face is that they have a large treasury full of crypto, and, very often, gaming companies choose to process their crypto to fiat conversions without the assistance of an outside party. This process usually takes up quite a lot of time, and any payments processed by the gaming company are likely to experience banking friction. However, gaming companies that choose to partner with XEROF can enjoy efficient and frictionless conversions that also adhere to a regulatory framework.
Merchants can use XEROF Pay to easily accept cryptocurrency payments and seamlessly exchange the crypto for fiat currency. This innovative technology eliminates the risk for the merchant, allowing them to focus on providing their goods and services without worrying about the security of their payments.
In addition to providing an excellent crypto payment processing service, XEROF provides off-ramps to crypto holders so that they can use their crypto to purchase high-value items such as property, expensive jewellery, and other luxury items. The platform also assists crypto users in converting crypto to fiat. In addition, there is also an option to buy more crypto without worrying about any potential banking friction during the process.
Overall, XEROF is a trusted gateway for crypto payments that promises secure payment and ensures the end customer will receive their payment quickly and securely.
2. The Importance of Compliance
In order for people to trust a company when it comes to cryptocurrency payments for gaming goods and services, it is also necessary for that company to comply with current cryptocurrency transaction policies.
Platform users can trust compliant companies when transacting with their own cryptocurrency funds, as they continuously monitor activity to detect suspicious behavior and thwart potential fraud.
XEROF is fully compliant and works to a regulatory framework. It is a regulated Virtual Asset Service Provider (VASP) that has been licensed by the Swiss Financial Services Standards Association (VQF) and is supervised by FINMA (Swiss Financial Market Supervisory Authority). This allows XEROF to offer a range of cryptocurrency-related services to customers in Switzerland and globally.
With XEROF, gaming companies can rest assured that all compliance rules and regulations are followed to the letter.
Meet XEROF at AIBC 2023
XEROF will participate in this year's AIBC event, which will be held March 13th-16th, 2023, at the InterContinental Hotel, Dubai. AIBC is a major blockchain event that attracts the most influential people in the tech world. It brings together the evolving blockchain and artificial intelligence industry's decision-makers, programmers, executives, and legal experts.
At AIBC 2023, on March 14th, 10:55-11:15, Marc Taverner, XEROF's COO, will also be moderating a panel on "The Importance and Inevitability of Crypto Regulation and Greater Oversite." Please check out the agenda for more details.
During the event, XEROF shall have a booth BR20 at the venue, and gaming and gambling companies who would like to find out more about XEROF's payment services are encouraged to reach out to schedule a meeting.
If you want to learn more about XEROF's services, you can do so by clicking here.
@ All rights reserved. FE Swiss Financial AG trading as Xerof & is a registered Virtual Asset Service Provider (VASP) supervised by the self-regulatory organisation (SRO) VQF for AML compliance. FE Swiss Financial AG is fully compliant with Swiss regulation in the field of AML/CFT from Swiss Financial Market Supervisory Authority FINMA. VQF SRO Membership Nr. 100954.All FE Swiss Financial AG dba XEROF services shall be governed by its General Terms and Conditions of Service, including, inter alia, a limitation of liability and a nomination of competent jurisdiction. These General Terms and Conditions may be consulted via our Website. FE Swiss Financial AG does not provide financial advice and nothing in our communications should be construed as financial advice.
XEROF is a Swiss-licensed Crypto Gateway that offers exchange services for customers who possess crypto wallets and want to use them as fiat currency to purchase real estate properties and luxury goods.Learn more about XEROF