Many gambling platforms are licensed in one jurisdiction, and blocked from offering services in others mainly due to money transmission restrictions.
By using CARATS as the gaming chip, the casino or platform never receives, custodies, or sends money, and never handles cryptocurrencies that are regulated as if they were money.
Local Purchase of CARATS:Users can buy CARATS within their local jurisdiction for use in gambling platformsCredit Card Purchases:Higher approval rates due to the tangible property Merchant Category Code (MCC)Lower interchange rates compared to cryptocurrency or gambling transactionsTransfer and Custody:CARATS can be deposited to the gambling platform, orUsers can just connect their CARATS wallet and maintain custody of their balanceConversion to Local Currency:Casinos can sell the rake obtained in CARATS on the spot market for a local currencyOne commodity market spread eliminates many layers of fees typically associated with gambling transactions
Social Apps
This integration enables users to bring their digital transactions into the real world effortlessly, without dealing with the complexities and regulations associated with cryptocurrencies dozens of regulators.