CasinoBeats can exclusively reveal that BetFury has partnered with Utexo to bring Bitcoin Lightning-based USDT payments to its platform this summer.
Once live, the integration will be one of the first major deployments of the technology at scale in iGaming, giving BetFury users a new way to deposit and withdraw USDT.
To understand the stakes, it helps to take a look back at the original promise of crypto casinos.
From the very beginning, these platforms were marketed as being built around freedom: Players wouldn’t have to deal with banks, there’d be no waiting, deposits would be processed in seconds, and users could play from anywhere, all while moving money whenever they wanted.
However, in practice, things haven’t always panned out exactly as expected.
Moving funds into and out of crypto gaming platforms can still mean waiting 30 minutes, sometimes an hour, or even longer, as transactions get caught up between a centralized exchange, a compliance queue, and payment rails that were never really built for instant settlement at casino scale.
That is the exact gap that BetFury and Utexo are betting they can close.
CasinoBeats sat down with Utexo co-founder Viktor Ihnatiuk to discuss the BetFury rollout, why he believes crypto casinos still have a payments problem, and why Utexo wants to bring USDT back to Bitcoin.
