BurraPay secures U.S. patents to advance compliant cryptocurrency payments

BurraPay has cemented its position as a pioneer in compliant cryptocurrency payment solutions by obtaining two exclusive U.S. patents.

Users can deposit cryptocurrency in the highly regulated U.S. iGaming, online sportsbook, and land-based casino markets, thanks to the company’s patented technology, which also makes sure operators adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

The innovation allows cryptocurrencies to be seamlessly integrated with existing USD cashless wallets, opening up new channels for operators to engage with the growing number of players in the field.

By using BurraPay’s proprietary system, online sportsbooks and casino operators can easily comply with U.S. regulatory frameworks while attracting customers who prefer to use digital assets.

It also helps expedite transactions and guarantees real-time compliance checks by immediately depositing cryptocurrency into a specified wallet or exchange.

BurraPay offers a compliant cryptocurrency payment gateway which was previously hard to find in the U.S. gaming industry. As a registered Money Services Business with FinCEN, BurraPay adheres to both federal and state regulations.

Since the blockchain-based transactions are irreversible, there is no risk of chargebacks, while transaction security and anonymity are also preserved.

“Our mission at BurraPay is to deliver secure, transparent, and regulator-trusted crypto payment solutions to licensed casino and sportsbook operators worldwide,” Luke Millanta, CTO and co-founder of BurraPay, commented.

This balanced blend of innovation and regulation not only facilitates faster payment processing but also enhances trust and transparency for operators and players alike.

The patents underscore BurraPay’s commitment to pioneering technology that supports the ongoing integration of cryptocurrencies into mainstream cashless gaming environments.