Gamblers could use Bitcoin at slot machines with new patent

Gamblers could use Bitcoin at slot machines with new patent

Article brief provided by Bloomberg
  • Olga Kharif and Luke McGrath, Bloomberg
January 6, 2021 11:35 AM
  • Olga Kharif and Luke McGrath, Bloomberg

    International Game Technology Plc, the world’s largest maker of slot machines, may be looking at offering cryptocurrency as a payment option on casino games like Megabucks and Wheel of Fortune.

    On Tuesday, the company received a patent for a way to transfer cryptocurrency between a player’s gaming-establishment account and an external cryptocurrency account. That means players could move Bitcoin into their virtual wallets on a slot machine using their phones.

    “IGT secured this patent to bolster its industry-leading patent portfolio in anticipation of any possible future direction in regulated gaming involving cryptocurrency,” said company spokesman Phil O’Shaughnessy.

    Such a move would help casinos cater to younger gamblers.