US gambling group calls for cashless casinos—luckily Bitcoin is ready

This is a guest contribution by Jon Southurst, a writer with CoinGeek.com. He intereviewed BitBoss CEO Matt Dickson, who made the case for a Bitcoin SV gambling operation shortly after the AGA called for cashless systems in casinos. This article first appeared on CoinGeek.com.

The American Gaming Association (AGA) recently published a report calling for a more rapid move towards cashless systems in casinos and other venues. Despite the damage COVID-19 and its mitigation policies have inflicted on some sectors of the economy, they also present a perfect opportunity for Bitcoin companies like BitBoss to pitch their solutions to operators and regulators.

Jurisdictions in Nevada and New Jersey were among the first to call for an end to lockdowns and get their economies moving again. In Las Vegas many venues have now reopened, albeit with face screens and social distancing rules. But the sheer turnover of cash money moving in and out of their systems—not only on the gambling floor but also in restaurants, hotels and other entertainment venues—still presents a transmission risk.

The AGA’s report is actually the result of 18 months’ research into the cashless issue, but it is now more pertinent thanks to COVID-19 and new, dramatic moves to prevent the spread of viruses everywhere.