Resorts World Las Vegas and cryptocurrency exchange Gemini are now working together to “explore future opportunities” for casino patrons to pay for items using cryptocurrency, according to a press release. With the partnership, Resorts World is looking to become more crypto-friendly.
The companies will be “pursuing creation and implementation of crypto-friendly services at best-in-class institutional rates across all areas of the integrated resort experience,” with the final details to be revealed in the next few weeks, the release stated.
“As the first ground-up resort development on the Strip in more than a decade, Resorts World Las Vegas is committed to integrating innovative technology conveniences across the resort to enhance the overall guest journey,” said Resorts World Las Vegas President Scott Sibella in the release. “By partnering with Gemini, a leader in cryptocurrency exchange, we are taking another step toward providing progressive guest experience solutions for today’s Las Vegas traveler.”
In other news, digital asset marketplace Bakkt Holdings, which is behind the Bakkt app, has partnered with Cantaloupe, a digital payments and software company, according to a press release.
Cantaloupe provides end-to-end technology solutions for the unattended retail market to bring a cashless experience for customers to spend digital assets at unattended retail devices, the release stated.
The partnership will allow the consumer more flexibility to pay for products in cryptocurrency in addition to cash and debit and credit cards. There will also be supported loyalty points, according to the release.
The global vending machine market is expected to grow to $25 billion by 2027, the release stated.
Lastly, Nokia has rolled out a blockchain-powered marketplace called Nokia Data Marketplace for more secure data trading, including between multiple parties, according to a company news release.
With data volumes surging, the release noted, artificial intelligence (AI) and machine learning (ML) are becoming more necessary for businesses’ decision making. Nokia’s new Nokia Data Marketplace will help to enable digital transformation and data monetization for enterprises.
“The new service also enables enterprises and [cloud solution providers (CSPs)] to become data marketplace providers themselves, by monetizing data exchanges between customers or business ecosystem participants,” the release stated.
The tech will benefit a wide range of industries like “electric vehicle charging, environmental data monetization, supply chain automation and preventative maintenance powering numerous vertical segments, including transportation, ports, energy, smart cities and healthcare,” according to the release.