Roger Ver: Gaming Industry ‘Should Be Scrambling to Implement Bitcoin’

Jon Matonis and Roger Ver on the solutions Bitcoin offers to the gaming industry, Bitreserve’s Halsey Minor announces new customer, and ‘decentralized gaming’ with Credits.

On February 3, the ICE Totally Gaming Conference 2015, dubbed “the largest and most comprehensive trade event in gaming,” dedicated a whole day of seminars on “Bitcoin and Cryptocurrencies” - a noteworthy move in itself considering that there was just one panel at last year’s event.

The venue was full despite being tucked away in a separate 100-seat seminar room. Among those in attendance were the former Executive Director of the Bitcoin Foundation, Jon Matonis, and angel investor, Roger Ver.

Bitcoin meets Gaming

Matonis opened his keynote saying that “disruption comes from your blind spot, which is why this session is upstairs and out of the way” and stressed the advantage of Bitcoin as a payment platform to the gaming industry including how Bitcoin eliminates costly merchant chargebacks and fraudulent transfer reversals. Jon Matonis told Cointelegraph that he predicts within 5 years, half of the top 10 gaming operators in the world will be BTC-only operators.

He added:

“Bitcoin is a digital casino chip: immediate, private, and irreversible. It enhances the gaming experience.”

Also emphasizing this point was Roger Ver, who in his closing remarks stated:

“Bitcoin is the payment system the gaming industry has been waiting for. With bitcoin they can accept payments from anyone, anywhere in the world, basically for free, and with no risk of fraud. No other payment system on earth even comes close, so they should all be scrambling to implement it."

Roger Ver

Bitreserve Makes a Splash

In addition to BitPay’s announcement during ICE of UK-based Runescape developer and game studio Jagex accepting Bitcoin through payment service Ayden, the most talked about news of the day came from Bitreserve. Founder and CEO, Halsey Minor delivered a presentation at the Bitcoin seminar, entitled "Money Meets Innovation.”

In Halsey Minor’s keynote, Halsey addressed the critical need for financial transparency across all industries and particularly in the gaming sector. Transparency enables any party using Bitreserve, including payments processors, to trace transactions and to prove solvency of partners in the supply chain and to meet regulatory compliance standards. Bitreserve is a cloud wallet platform that works with multiple currencies, including gold, and gives users full visibility into transactions and solvency.

"We're re-engineering the entire gaming business,” said Halsey Minor, “cloud technology when applied to digital currency can yield unprecedented transparency across payments to prove solvency and assets. This fosters a level of trust and convenience that we have never before seen in this industry.”

Twenty three years ago Minor founded CNET Networks and sold it for US$1.8bn in 2008. He was an early investor in Salesforce.com as well as the first investor in the music service Rhapsody. He also co-founded Grand Central that was acquired by Google to later become Google Voice. Recogni