FinTech Magazine - September 2022 | Page 130

EVERI HOLDINGS
CashClub – more than a digital wallet for cash , cashless or crypto Nevertheless , Everi is leading on rethinking digitalisation industry-wide and delivering value responsibly – particularly on the payments side – in this closely scrutinised sector . Thinking through what innovation is intended to achieve is the critical component , though Newsom believes that this needn ' t be driven by costly new technology .
“ When we built our groundbreaking CashClub Wallet ®, we drew on years of experience and on infrastructure that is already solving many , many problems in the casino . We didn ' t just start with a white sheet of paper .
“ Our goal was not to create just another mobile app , but to build a digital enablement layer that spans the organisation and also happens to include the mobile channel . CashClub Wallet is about a digital experience that acts as a hardware-agnostic fabric , layering across the entire resort footprint . When we thought that through , we realised we had unique positioning with our licensing , our hardware , and the fact that we were already enabling billions of dollars into the gaming industry . We only needed to add this layer to create connectivity , efficiencies and connectivity for the consumer , alongside efficiencies for the operator .”
Everi is also in the unique position of understanding the difficulty facing operators and regulators alike in getting digital payments into gaming . Whether or not you trust cryptocurrencies , the investments being committed to platforms like Onyx by J P Morgan , Chase and other established finance houses testify to the fact that they need to be integrated . But how is a regulator expected to become an expert on crypto , when they are already beset with anxiety
130 September 2022