FunFair Technologies launches blockchain-powered KYC solution for casinos

FunFair Technologies, a decentralized B2B casino platform today announced the launch of FunPass: a unique, blockchain-based solution that streamlines the registration process for both players and casino operators.

Leading mobile identity platform Yoti and global identity data intelligence specialists GBG will be among the first partners to integrate into FunPass, with more to follow as the tool improves its flexibility to operators.

FunPass is an industry-first, harnessing the blockchain to reduce costs for operators and speed up players’ registration process, lowering the barriers for them to seamlessly jump between FunFair-powered casinos.

With FunPass, players need only go through the KYC procedure once to be able to play on any FunFair-powered casino, while operators will have a choice of provider dependent on their regulatory requirements and personal preference.

Following successful registration, which takes just a few seconds, the player’s Ethereum wallet is tagged on the blockchain with the approval. This is the only user data held on the blockchain, with minimal personal information held in a private FunFair server for regulatory purposes.

Moving forward, FunPass will have the capacity to link into national self-exclusion databases, as it will hold a bank of approved player wallets across all operators, making the process far more consistent and accessible for various stakeholders in the FunFair ecosystem.

[perfectpullquote align=”full” bordertop=”false” cite=”FunFair Technologies’ founder and CEO, Jez San” link=”” color=”” class=”” size=””]“FunPass is bringing player registration into the 21st century. KYC procedures are typically clunky and slow for players and needlessly expensive for operators, but by using blockchain technology, we’re making it quicker and easier for players to choose where they want to play. We’re ensuring that players aren’t put off by a needlessly long sign-up process and improving our socially responsible gaming provisions which all of our operators will benefit from in future.”[/perfectpullquote]

[perfectpullquote align=”full” bordertop=”false” cite=”Thom White, Future Technologies Lead at Yoti” link=”” color=”” class=”” size=””]“We’re delighted to be working with FunFair Technologies to make the gaming experience better for operators and players with Yoti’s digital identities. FunFair shares our dedication to transparency and building trust between businesses and consumers – the FunPass solution uses Yoti to provide a simple, private and secure way for people to prove their identity on all FunFair powered casinos. KYC is traditionally a long and arduous process that involves sharing passport copies and waiting days and sometimes weeks for verification. Yoti and FunPass will streamline the process with pre-verified identities – helping people onboard in seconds.”  [/perfectpullquote]

[perfectpullquote align=”full” bordertop=”false” cite=”Adam Doyle, Global Gaming Sales Manager at GBG PLC” link=”” color=”” class=”” size=””]“We’re incredibly excited to partner with FunFair to develop an industry-leading KYC solution that benefits blockchain casinos and their players. We are always looking to help businesses make smarter decisions, and with GBG, FunPass will be able to verify the identity of over 4.4 billion of the world’s population in seconds, providing not only tangible monetary savings to businesses but improving the players’ experience.”[/perfectpullquote]

FunPass is available now for users in the closed beta on mainnet and is available to all partner casinos as soon as they go live.