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CasinoCoin Bank Roll Manager

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CasinoCoin Bank Roll Manager

 

1. Bank roll manager primary purpose is to transfer funds between Gamblers and Casinos with embedded KYC and AML. User opens BRM and does KYC directly in the BRM on their mobile device. Name, DOB, Photo ID, etc.

 

2. KYC info is sent to Jumio by the BRM where it is Validated and then verification of validation is sent back to BRM. This is all done quickly and securely.

 

3. Gambler can purchase CSC in BRM using fiat gateway provided by Processors, or transfer CSC to BRM from personal wallet/exchange.

 

4. Gambler then chooses from list of Casinos in BRM and sends csc to casino. Casino then either uses CSC directly for gambling or converts CSC to whatever is used on their platform at current fiat value.

 

5. Example: gambler sends $50 worth of CSC and is credited with $50 on casino platform. There is risk of CSC value increase/decrease during transfer times (minimal risk as transfers take seconds) and the fiat credit on casino being slightly more or less than fiat value sent.

 

6. The KYC validation tag is part of the info sent to the casino with the CSC transfer via the Ledger so Casino does not have to do KYC again. Casino has access to KYC info via Jumio for their records and regulatory compliance.

 

7. When Gambler is finished winning (hopefully BIG) casino sends CSC back to BRM (if they are using CSC on platform) or converts to CSC at current fiat value and sends to BRM.

 

8. Gambler can then send CSC to a different casino and gamble or cash out his CSC via a Fiat gateway provided by a Processor in BRM.

 

9. BRM has user configurable limits for the gambler to self-regulate the amount sent to casinos on a daily, weekly or monthly limit.

 

10. Gambler benefits by only doing KYC once regardless of how many casinos they visit and the speed/efficiency in which funds can be sent/retrieved from casinos.

 

11. Casinos benefits: easier KYC validation, greater AML compliance because all of the transfers are registered on the Ledger and are readily available for compliance officers to see as well as being immutable so no fear of data tampering.

 

12. This increases compliance and decreases/eliminates fines that routinely run in the millions. Regulators are happier because it makes their jobs easier.

 

Written by @jasperlite

 

Source  : https://twitter.com/MarkAFillmore/status/1134132859072106498

 

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Posted (edited)
2 hours ago, Ermac said:

CasinoCoin Bank Roll Manager

Can you or @jasperlite explain how it works with CSC's price constantly fluctuating? its been asked several times but no one actually explains it.

If the gambler sends $50 worth of CSC but only gets $49.50 because the price of CSC went down why would the gambler be 'ok with that'? Heck, if I was gambling and I lost even a penny I would question the system. Thats my penny.

So what is Casino Coin's actual perspective on the fluctuating price of CSC while gambling?

And yes, I am heavily invested in CSC, I simply want to understand this one area. Thanks.

Edited by MegaNerd
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5 minutes ago, MegaNerd said:

Can you or @jasperlite explain how it works with CSC's price constantly fluctuating? its been asked several times but no one actually explains it.

If the gambler sends $50 worth of CSC but only gets $49.50 because the price of CSC went down why would the gambler be 'ok with that'? Heck, if I was gambling and I lost even a penny I would question the system. Thats my penny.

So what is Casino Coin's actual perspective on the fluctuating price of CSC while gambling?

And yes, I am heavily invested in CSC, I simply want to understand this one area. Thanks.

 

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1 hour ago, 777 said:

 

So if you deposit in CSC and play with CSC, it doesnt matter but then cashing out to fiat... it seems like no one has an answer to that.

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50 minutes ago, MegaNerd said:

So if you deposit in CSC and play with CSC, it doesnt matter but then cashing out to fiat... it seems like no one has an answer to that.

 

2 hours ago, MegaNerd said:

If the gambler sends $50 worth of CSC but only gets $49.50 because the price of CSC went down why would the gambler be 'ok with that'? Heck, if I was gambling and I lost even a penny I would question the system. Thats my penny.

Man, understand this: Casino Coin Settles in less than 4 seconds. There is no volatility in that period of time at this moment. But let's say there is some volatility, guess what?? That volatility might give you some "free" money too. As you can get $49.50, you also can get $50.50. Also, remember that Casino Coin is super cheap to transfer. You will save time and Money on those transactions.  :smoke:

If the gamblers doesn't want to use CSC, that's fine! He can wait 5 days to get his money in the casino, spend some money to transfer that money there, do the KYC everywhere, etc.  I think casinos will always have the traditional fiat/banks option. :sarcastic:

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22 minutes ago, LeGonze said:

 

Man, understand this: Casino Coin Settles in less than 4 seconds. There is no volatility in that period of time at this moment. But let's say there is some volatility, guess what?? That volatility might give you some "free" money too. As you can get $49.50, you also can get $50.50. Also, remember that Casino Coin is super cheap to transfer. You will save time and Money on those transactions.  :smoke:

If the gamblers doesn't want to use CSC, that's fine! He can wait 5 days to get his money in the casino, spend some money to transfer that money there, do the KYC everywhere, etc.  I think casinos will always have the traditional fiat/banks option. :sarcastic:

Thank you! Finally an answer that makes sense. 

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BRM should be out EOY 

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On 6/4/2019 at 4:22 AM, 777 said:

BRM should be out EOY 

BRMEOY are letters i like to see

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i dont wana be an asshole..but in my live i was told that BRM was there 01-01-2019

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now whe are 24 weeks later and i stil dont know nothing.

i feel a little down about that.

 

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45 minutes ago, funkyedj said:

 

now whe are 24 weeks later and i stil dont know nothing.

i feel a little down about that.

 

And..................?

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On 5/30/2019 at 5:23 PM, MegaNerd said:

Thank you! Finally an answer that makes sense. 

I guess that's why they call it gambling. You are never promised a win or gain irrespective of CSC coin conversion etc.

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