EBX Portal powered by BitLine allows a customer to create a collateral guarantee by transferring eligible assets into a BitLine custody account. Registration, onboarding, and approval normally takes less than 20 minutes to complete. During this process, neither Everi nor casino operators handle any cryptocurrency assets.
Creating a collateral guarantee is simple and efficient by transferring eligible assets into a customer’s BitLine custody account. Customers control the closeout, however BitLine can provide (i) a liquidation service to use customer collateral to cover outstanding balances owed to the casino and associated guarantee fees or (ii) a service to “Buy back the Guarantee” that allows for fiat currency or other assets to be used to pay off the guarantee.