Perfect Storm Brewing For Enhanced Gaming Payments In U.S.

• Coronavirus accelerating industry's drive to adopt cashless payments
• Wells Fargo embraces internet gaming, other banks still opposed
• Uncertainty over Wire Act creating payment industry concern

Coronavirus and the expansion of online sports betting will continue to accelerate the adoption of digital payments across the U.S. gaming industry, industry experts have said.

“I’ve been in the industry almost 30 years; the industry has never been more bullish as it surrounds payment modernization,” said Joe Pappano, president of Sightline Payments America Division.

There are two seismic things happening, Pappano told VIXIO GamblingCompliance on Monday.