Crown88 has announced the successful completion of a significant upgrade to its platforms, marking a pivotal transition in its business model by embracing cryptocurrency as the primary payment method for all services. This overhaul, carried out under the auspices of Lone Rock Holding N.V., is part of Crown88’s strategy to adapt to the rapidly evolving landscape of digital finance and meet the rising demand for crypto-native gaming experiences.
With the new system in place, users of Crown88 can now conduct transactions exclusively through a universal wallet—a multicurrency wallet that facilitates both cryptocurrency and fiat transactions, allowing seamless currency conversion using the platform’s proprietary exchange rate. The platform supports a variety of major digital currencies, with all transactions processed via blockchain technology. This ensures a high level of speed and transparency, as transaction confirmations typically occur within five minutes, with real-time status updates provided through the in-platform wallet system. Each user is assigned a personal crypto wallet for ease of transactions, and transactions can be reviewed in detail through the account’s history report.
To maintain compliance with regulatory requirements, withdrawals from the platform necessitate standard Know Your Customer (KYC) verifications and are subject to thorough checks on user documentation as per Crown88’s Anti-Money Laundering (AML) policies.
In addition to its cryptocurrency-focused changes, the upgraded Crown88 platform has also rolled out a newly structured user interface and backend optimizations aimed at enhancing performance and ensuring compliance. The reimagined wallet system aggregates user balances and simplifies the deposit process through QR code scanning or direct address input, while also allowing users to track their funds transparently as they flow in and out of the system. This redesign has been specifically developed to cater to the needs of crypto-savvy users.
Crown88 continues to operate under the guidance of the Curaçao Gaming Control Board, holding Licence No. OGL/2024/1701/0924. The company has adopted stringent KYC and AML protocols, including enhanced due diligence for higher-risk users, automated transaction monitoring, and real-time screening of blockchain wallet addresses through third-party compliance services. Users must complete KYC procedures—including ID verification, proof of address, and a selfie check holding personalized credentials—before being permitted to make withdrawals. Additionally, the platform employs geo-blocking measures to restrict access from regions where online gambling is illegal, thereby ensuring adherence to international standards.
The strategic shift to an entirely cryptocurrency-based payment system positions Crown88 alongside an increasing number of gaming operations that see potential in the blockchain ecosystem. This transition aims to enhance financial privacy, reduce transaction fees, and provide global accessibility for users.
Looking ahead, the company indicates that further enhancements are on the horizon, including increased support for additional cryptocurrencies and the integration of smart contract-based gaming systems.
