POWERFUL, SMART, READY!
Collateral Guarantees Via Crypto Assets
Get Cash or Chips in Just Minutes at Casinos Around the World at Any Time!
About
BITLINE is the only provider of cryptocurrency guarantees for the casino industry. We assist cryptocurrency owners to access the liquidity of their virtual assets by establishing temporary guarantees without creating taxable events. These guarantees can be used as credit lines with Casinos around the world.
Our Story
Mission Statement
BitLine is a unique payments provider focused on the Casino sector with a mission to deliver fast, secure, compliant, and “24/7/365” access to funds inside
Learn More
the casino environment at a cost and scale previously unattainable by a single provider. Bitline provides members instant access to casino chips via the collateralization of Bitcoin, Etereum, and Stablecoins crypto-assets anywhere in the world at any time desired.
Company Overview
BitLine is a mobile application designed to bring liquidity to a market that is largely untouched today –securitization of digital assets.
Learn More
Some of these include a dependency on the stability of the customer’s banking environment, marketplace readiness to engage with digital assets, or funds sourced from digital assets. BitLine has created the opportunity to securitize crypto assets and create liquidity for use in Casinos around the world. This new payment method changes the landscape of Casino payments space bridging the gap between Cryptocurrency assets and access to casino chips. BitLine provides fixed term financial guarantees for its customers backed by digital asset collateral safely held in custody. Through this, customers can keep their digital assets intact and engage vendors via credit or a financial guarantee, without the need to sell their assets and have to deal with the taxable events this can create.
BitLine assists members:
- Looking for a better solution to access funds in the casino.
- Needing limits beyond currently available fund sources.
- Needing funds that do not qualify for lines of credit.
- Who have crypto assets, such as Bitcoin, but do not want to liquidate them.
A Case For BitLine
Rather than attempting to only solve part of the problem, BitLine has pulled together industrial-grade tools for compliance
Learn More
and security, deep subject matter experts in gaming and fintech, and aligned with best-in-class partners for liquidity, banking, and GTM operations and execution. With this structure, each element of the BitLine solution is meeting the difficult challenges head on.
Historically, the leading methods for making large amounts of gaming funds available in the casino environment involved extensive planning (credit line provisioning – Markers, wiring funds in advance – front money), bringing in large amounts of cash (dangerous – risk of theft, potential anti-money laundering flags), or paying for Cash Access services (credit card, debit card, ATM, and Check cashing) which have limited access to high-net-worth individuals and have significant fees.
For the international traveler, this is a significant challenge. For individuals holding assets in cryptocurrencies, liquidating funds, and moving them through the banking system, is both time-consuming and burdened with heavy tax implications. In the post-COVID environment, casino operators are looking for alternatives to Marker and Front Money services to reduce costs, improve operational efficiencies, and increase revenues. A company that can deliver a product that solves these issues can tap into massively pent-up demand. A company that can deliver “up to $1 million in 20 minutes” inside the casino will be positioned to reshape the market.
BitLine Team
Aaron Jones
CEO
Profile
Aaron has 18 years of executive-level experience in gaming and fintech. Aaron has the perfect combination of understanding business development and process engineering to make the Bitline value proposition a reality that millions can now enjoy.
Philip Louie
CFO
Profile
Philip brings over four decades of Accounting, Finance, Operations, and Systems experience, along with two professional accounting degrees and Notary Public. He has performed as a CFO for several companies including public companies.
Bjorn Snorrason
Board Member
Profile
Bjorn has had a life-long career in payment acquiring and FinTech. He started Dalpay in 2004 which became the largest payment processor in Iceland. Bjorn also serves as a promoter of TRW Phoenix SICAV Plc, an Alternative Investment Fund SICAV regulated by the Malta Financial Services Authority.
Oliver Pluckrose
CTO
Profile
Oliver Pluckrose founded a software engineering solutions business in 2011 headquartered in London, England. Oliver is a Microsoft Gold Partner and holds ISO27001 and ISO9001 certifications. Over the years, Oliver has built up expertise in Microsoft Technologies and is a specialist in Azure products (e.g. AI and cognitive services and machine learning). Beginning his career as a software engineer, he later shifted his focus to system architecture and overseeing development projects in his own companies. He has personal interests in microservice technologies with message and event-driven architecture, as well as Blockchain technologies.
Gary Sheiman
General Counsel
Profile
Gary is a Lawyer and Accountant with vast expertise in mergers and acquisitions, venture capital transactions, private equity, and international investment funds. Gary is also experienced in finance and technology, including expertise in Banking, Fintech, and Blockchain sectors. Previously, Gary worked as a manager at Ernst & Young and further co-founded and served as the CEO of two fintech companies. Gary received an LL.B and B. A (Business Management and Accounting) from COLMAN and served as a lecturer in the MBT program.
Nizam Ismail
Global Head of Legal & Compliance
Profile
Nizam is an experienced attorney and consultant with over 27 years of expertise in financial services regulatory compliance and litigation. He spent six years as a regulator at the Monetary Authority of Singapore (MAS), where he was Deputy Director and Head of the Market Conduct Policy Division.
Product
The Guarantee
Get Cash or Chips in Just Minutes at Casinos Around the World at Any Time!
Put your Crypto assets to work with BitLine by using them as collateral. You are guaranteed funds at participating casinos around the world! This new service complies with each casino’s internal controls while leaving the power of choice and control of assets entirely in YOUR hands!
Getting Started
Creating a collateral guarantee is simple and efficient. Registration and approval takes minutes. Access up to $1,000,000 in casino chips to play anywhere in the world at your convenience.
How To Create a Guarantee
1. Transfer eligible assets into your Bitline custody account
2. Choose currency (digital asset) for collateral
Learn More
3. Choose Casino where you would like to create a Guarantee
4. Choose start date of Guarantee
5. Choose Guarantee amount (Up to $1,000,000 USD)
6. Casino is notified of your visit and, if your first time, begins their approval process
You Control Your Guarantee
The base fee of a Guarantee amount for 30 days is 10%. You can receive a 50% rebate if the guarantee is closed within 7 days or a 25%
Learn More
rebate if the guarantee is closed more than 7 but less than 14 days. This means you can control whether to ride a bull run or closeout for the lowest cost.
In order to minimize the need to liquidate your Guarantee suddenly due to market volatility, 200% collateral is locked in at the creation of the Guarantee. As conditions change and the ratio moves up or down during the term, you will have the ability to free up excess assets (bull market) or add more (bear market) as you deem appropriate.
Closing Your Guarantee
Directly at the casino – you can simply return funds provided by the casino (rather than walking out the door with winnings)
Learn More
and full collateral minus the guarantee fee is released back to the customer
“Use my collateral” – BitLine can provide a liquidation service to use customer collateral to cover outstanding balance owed to casino and guarantee fees.
“Buy back the Guarantee” – allows for fiat or other assets to be used to pay off the Guarantee and, possibly, avoiding additional liquidation costs or taxable events.
Digital Asset Types and Functions (Bitcoin, Ethereum, Tether)
BitLine supports most of the main cryptocurrencies including Bitcoin, Ethereum (including ERC20 tokens), and Tether (USDT) for its securitized digital asset guarantee. This allows the majority of crypto asset holders worldwide to be able to store, exchange and receive a financial guarantee via BitLine.
How It Works
The BitLine app allows users to create guarantees in minutes using their digital assets. These guarantees can be used to access funds quickly with participating casinos around the world.
Case Study
Becoming a Bitline member is both efficient and effective. Members from any state or country in the world can access casino chips in global casinos via a guarantee in just minutes. Accessing limits up to $1,000,000 has never been quicker or easier.
Contact Us