Ibanera Launches BitLine Platform to Provide Digital Fund Accessibility in Gaming Sector

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

MIAMI, FL (October 5, 2021) Ibanera, a global digital banking platform and financial services provider, today announced the launch of its new payments product, BitLine, a first-of-its kind, patent pending, platform designed to securitize crypto assets and create liquidity for use in markets that have not yet adopted crypto acceptance, including the gaming sector.

Through the mobile application, customers can gain instant access to casino chips through the collateralization of Bitcoin, Ethereum, and Stablecoin crypto assets. BitLine provides fixed term financial guarantees for customers backed by the digital asset collateral safely held in custody. Through this, customers can keep their digital assets intact and engage vendors through a credit or a financial guarantee, without the need to sell their assets, creating a taxable event as a result.

BitLine is an optimal and convenient solution for customers seeking higher limits beyond existing fund sources, customers who need funds but do not qualify for lines of credit, and those who currently hold crypto assets but don’t want to liquidate them.

BitLine is supported by cryptocurrency advisory firm BitAML in addition to digital asset AML and KYC platforms Fireblocks and CipherTrace to ensure clients receive optimal compliance support services.

“BitLine is poised to revolutionize the gaming industry by offering safe and secure access to digital assets to patrons worldwide,” said Bjorn Snorrason, General Manager of Ibanera. BitLine delivers 24/7/365 access to funds inside the casino environment at a cost and scale previously unattainable by a single provider.

About BitLine

BitLine is a leading provider of cryptocurrency guarantees for the industry globally. We assist cryptocurrency customers to make better use of their virtual assets by providing them with the ability to turn them temporarily into guarantees. These guarantees can be used as credit lines with multiple vendors within the industry in the USA. For more information, visit bitline.io. 

About Ibanera

Ibanera is a global digital banking platform and financial services provider. We develop tailored fintech solutions for banks, corporations and entrepreneurs worldwide.

We specialize in cross-border payments, currency conversion, mobile banking, merchant services, and OTC digital asset services. Ibanera has leveraged strategic partnerships with CipherTrace, Fireblocks and Refinitiv to expand Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance programs. Regulated in the United States, Canada, Europe and Singapore, Ibanera positions itself as a competitive

fintech leader with a credible global footprint. For more information, visit ibanera.com.