EDGE Boost by EDGE Markets, the first banking solution designed to promote responsible gaming in the U.S., announced that it is now allowing Crypto-to-USD conversion into its deposit accounts for the purposes of legal US gaming and betting. At launch, EDGE Boost will only support ETH, BTC, and Stablecoins — the most transparent and well-regulated tokens, providing far more auditable fund flows vs. cash.
The new funding option expands access to players’ own funds outside traditional banking hours, offering a safer alternative to high-fee credit card advances and supporting responsible gaming behavior. By providing a regulated crypto onramp, EDGE Boost reduces the appeal of offshore and illegal gaming markets while expanding its reach to new users and markets.
EDGE Boost, an ally member of the American Gaming Association, is the responsible financial platform for smart bettors. It’s the first betting-only debit card account that is FDIC insured up to $250,000*. As a neutral, third party, EDGE Boost provides financial segmentation and a holistic view to bettors for all their financial betting data, with custom tools, like personalized spending limitations and cashback incentives, available to help all bettors be more responsible.
Customers experience frictionless, instant free betting that is compatible with almost any online or physical betting platform. The new crypto conversion feature enables users to deposit funds from regulated exchanges, ensuring compliance with U.S. anti-money laundering regulations. For further details, see the full announcement here.
This development comes as the U.S. gaming industry seeks innovative ways to enhance player convenience while maintaining robust responsible gaming safeguards. By leveraging blockchain technology through regulated channels, EDGE Boost aims to provide a transparent and secure funding method that aligns with the growing adoption of digital assets. The initiative also supports the industry's efforts to combat problem gambling by promoting financial segmentation and spending limits.
Deposit Checking accounts are held with Cross River Bank, Member FDIC. The EDGE Boost Visa Debit Card is a Visa® debit card issued by Cross River Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. The EDGE Boost Visa Debit Card is not available to all residents of U.S. territories. For further information, please see our Terms of Service and Cardholder Agreement.
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