Introduction
In a significant advancement for digital payments in Europe, Dusk, a blockchain protocol focusing on regulatory compliance and privacy for financial services, has unveiled DuskPay, a new payment infrastructure utilizing blockchain technology. The first adopters of this innovative system are PlayMatika and BetPassion, both licensed online gaming operators in Italy, representing a pivotal move towards integrating compliant blockchain solutions in the gaming industry.
Features of DuskPay
DuskPay enables regulated businesses to facilitate instant cross-border financial transactions, adhering strictly to European financial regulations. This launch represents a major step in promoting the adoption of blockchain in sectors such as online gaming, which are heavily regulated. Dusk is collaborating strategically with NPEX, a compliant Dutch exchange, and Quantoz, an electronic money institution that specializes in the on-chain issuance and monetization of digital euros.
Statements from Industry Leaders
Emanuele Francioni, CEO and Co-Founder of Dusk, remarked, “This goes beyond simple integration; it’s a transformational moment. DuskPay demonstrates that blockchain technology can effectively support legitimate, regulatory-compliant financial systems, offering increased speed, reduced costs, and heightened security compared to conventional methods.”
Lorenzo Lombardi, CEO of PlayMatika, emphasized, “Adopting blockchain infrastructure represents a strategic investment for us. DuskPay empowers us to scale operations effectively and stay competitive in an evolving, digital-focused regulatory landscape.”
Market Growth and Potential
The Italian gaming market is booming, generating over €150 billion annually, with online gaming accounting for nearly half that amount. The European digital payments landscape is on a growth trajectory, with forecasts predicting an increase from USD 91.2 billion in 2022 to USD 410.7 billion by 2032. Mobile payments alone could reach an astounding USD 3 trillion by 2033. As cash usage declines across the Eurozone, there’s an increasing demand for speedy, secure, and programmable payment solutions like DuskPay.
Future Directions
With the integration of DuskPay, PlayMatika and BetPassion illustrate the vast potential for blockchain technology in regulated industries. Dusk aims to expand its partnerships with more businesses looking to innovate their payment systems.
About Dusk and PlayMatika
Dusk is recognized as a privacy-oriented blockchain tailored for financial applications, striving to set new benchmarks for compliance, operational control, and collaborative efforts. Their objective is to facilitate scalability and compliance for enterprises of varying sizes while preserving the confidentiality of transaction and personal data. For more details, interested parties can visit dusk.network.
PlayMatika, founded in 2023, has carved out a niche in the Italian online gaming market, catering to a community of more than 20,000 active players. The company merges innovative gaming experiences with a strong commitment to responsible gaming while maintaining a growing presence, including over 300 sales points across Italy, under the GAD 15411 license.
