Cryptocurrency

Is USDC good for gambling?

Published

1 year ago

November 16, 2022

Reading Time: 2 minutes

Stablecoins have been among the most exciting developments in cryptocurrency over the last several years. They are known by this name because the volatility of cryptocurrencies has no impact on their value, which is steady. For example, a stablecoin with a value anchored in the US dollar is called USD Coin (USDC). It will thus always be worth $1. USD coin is a new and much-appreciated alternative. It gives people access to cryptocurrencies and lets them hold them without losing value.

Why is USDC gambling unique?

An outstanding addition to the cryptocurrency industry is USD Coin. Stablecoins make it easy to trade cryptocurrencies without always having to exchange your fiat money. With USD Coin, you can purchase nearly any cryptocurrency you choose, which shows tremendous adaptability. The most significant feature is that the price is consistent, which makes USD Coin gambling sites the best choice since the value of this Coin does not change.

Reasons why gambling with USD coins is a good idea?

As you can see, several factors make USDC gambling seem like a wise decision. In fact, USD Coin could be the best choice for gambling if you want to start using cryptocurrencies but are risk-averse. Here is why.

Fastest and most secure transactions

In USD Coin gaming, you may take advantage of the fast speeds of the Ethereum network, enabling you to execute deposits and withdrawals swiftly. In contrast, a USD withdrawal might take between one and three business days, depending on the bookmaker, while withdrawal via USDC takes no more than five to ten minutes.

While combining the greatest aspects of both worlds, great transaction security is one of the numerous advantages cryptocurrencies bring. It’s all because the USD Coin uses the Ethereum blockchain. A blockchain is a digital ledger that exists online and on several computers throughout the globe. It is said to be indestructible and cannot be altered in any manner.

Easy access to cryptocurrency

USD Coin offers convenient access to cryptocurrencies. You may get it and use it to enjoy the benefits of gaming with other cryptos, such as Bitcoin and Ethereum. It also trades with almost every other cryptocurrency so you can exchange it for anything at any time.

No fluctuation

The tremendous volatility of cryptocurrencies is one of the primary problems you could encounter while working with them. Put your bankroll through this 24/7. Your fund’s value can soar one minute and fall the next, devaluing your holdings. With USD Coin, which has no volatility and will always be worth $1, this is not the case. Price drops seldom exceed 1%, even during periods of high volatility.

Big enough to fail: supported by giants

The USD Coin is not the next typical cryptocurrency. In fact, it has some significant supporters, making it almost impossible to fail and nearly sure to stick around. In addition, the feature of combining solid value with a quick, anonymous method to manage your betting money is too remarkable to pass up.

Conclusion

Finding a trustworthy and reputable bookmaker that receives USDC might be challenging since USDC is a new option for players to gamble. However, there are few that really challenge that statement. FortuneJack, for example, is one of the top USDC casinos, which can make your USD coin gambling even more exciting, as the crypto casino is famous with the variety of bonuses as well as reasonable deposit and minimal withdrawal conditions.

Related Topics:FortuneJack Stablecoins USD Coin USDC

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Cryptocurrency

Payhound empowers LSports with a seamless solution to receive payments

Published

4 days ago

April 22, 2024

George Miller

Payhound empowers LSports with a seamless solution to receive payments

Reading Time: < 1 minute

Fintech crypto company Payhound has been facilitating leading data provider LSports to accept payments from its clients.

As the premier data provider, LSports offers real-time sports data, providing operators with a competitive edge in the sports betting saturated market. By using Payhound’s solution, LSports can conveniently receive payments from its clients, significantly enhancing operational efficiency.

Established in 2018, Payhound’s mission is to enable businesses to handle cryptocurrencies with the same ease, security, and transparency as dealing with fiat currency. Through crypto, Payhound offers fast and efficient international payments, with security being a fundamental principle in all its operations.

Commenting on the partnership, a spokesperson for LSports stated: “Partnering with Payhound to optimize our payment solutions signifies a significant advancement in our global business strategy. This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”

Elton Dimech, Managing Director at Payhound, added: “We are delighted to service LSports.Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds. We look forward to continuing to be their reliable crypto partner in the future.”

Payhound is licensed by the Malta Financial Services Authority (MFSA) and is a holder of a Class 3 VFA License under the Virtual Financial Assets Act of 2018. The company has recently revealed its achievement of ISO 27001 certification for the second consecutive year.

Cryptocurrency

SOFTSWISS Named Crypto Company 2024

Published

3 months ago

February 7, 2024

George Miller

Reading Time: 2 minutes

Crypto Company of the Year was announced at the International Gaming Awards in London. SOFTSWISS, a leading technology company with 15+ years of experience in the industry, gets this title for the second year in a row.

Marking the beginning of ICE London, the awards ceremony has brought together top names in the iGaming industry to honour their achievements. The International Gaming Awards not only unites experts and gaming enthusiasts worldwide but also serves as the pinnacle charity event of the year.

The Crypto Company of the Year category recognises companies that create innovative experiences for clients in the gambling sector with a focus on crypto. The winner is determined by evidence showcasing the company’s standout performance in the crypto space compared to competitors. Reconfirming the previous year’s success, SOFTSWISS emerged as the Crypto Company of the Year for the second time in a row.

Securing the title of Crypto Company of the Year comes naturally to SOFTSWISS, the trailblazer in introducing crypto-friendly solutions for online gaming. Beginning with Bitcoin, SOFTSWISS has expanded its cryptocurrency offering to nearly 20 digital coins since 2013.

In its dedication to improving player experience, SOFTSWISS introduced the In-Game Currency Conversion feature. The innovation allowed players with crypto holdings to engage seamlessly in games originally tailored for fiat only. One year post-launch, 85% of all bets in crypto casinos powered by the SOFTSWISS Casino Platform were made via the feature.

As an expert in crypto-friendly solutions, the company shares its expertise through the quarterly State of Crypto reports and topical podcasts. This helps raise awareness among all stakeholders, offering essential insights for strategic decision-making.

Andrey Starovoitov, Co-CEO at SOFTSWISS, shares: “We are delighted to receive this award, and it signifies more than just recognition for our recent achievements. The title of Crypto Company of the Year holds deep meaning for those who led the way in integrating digital currencies into iGaming, actively advocate for crypto solutions, and generously share expertise in this field.”

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

Cryptocurrency

Casino Market Industry Forecast Reveals Surge to $165.72 Billion by 2028 with Digital Transformation and Cryptocurrency Integration

Published

3 months ago

January 24, 2024

Hunor Pal

Reading Time: 2 minutes

The “Casino Global Market Report 2024” report has been added to ResearchAndMarkets .com’s offering.

The latest report on the global casino market highlights significant growth, with expectations for the industry to swell from $131.42 billion in 2023 to an impressive $165.72 billion by 2028, at a compound annual growth rate (CAGR) of 4.6%. The report offers a comprehensive analysis of current market dynamics, future trends, and potential opportunities, positioning it as an essential resource for stakeholders in the casino sector.

The casino industry, experiencing a renaissance through digitization and a shift towards online gambling, is witnessing the rising popularity of cryptocurrency casinos. Innovations, alongside a deepened focus on responsible gambling, are propelling market growth, drawing attention from both established players and new entrants.

Key Market Dynamics Influencing Growth

Online Gambling Expansion
Smartphone Proliferation
Innovative Casino Products
Strategic Industry Partnerships

The report underscores the growing dominance of the Asia-Pacific region in the global casino market, bolstered by evolving consumer behaviors and burgeoning tourism sectors. The detailed geographic assessment provides strategic insights into the vitality of various regions within the industry.
Gambling machines, gaming tables, and novel casino experiences are discussed in the report. The document leverages industry-specific metrics to provide a nuanced understanding of segment performance, addressing both offline and online modalities.

Industry Leaders Making Strategic Moves

With major corporations like 888 Holdings PLC and Caesars Entertainment Corporation, the casino market is rife with tactical mergers, acquisitions, and partnerships aiming to solidify market positioning and leverage collective strengths.

The global casino market research report presents in-depth market analysis, reflecting cutting-edge industry trends such as the integration of advanced gaming technologies. It also spotlights operational strategies and expansion plans of front-runners in the gambling domain.

This comprehensive research report is poised to be an indispensable tool for industry investors, strategists, and stakeholders planning to navigate the complex terrain of the casino industry with data-driven confidence.

The casino market research report is devised to serve a diversity of informational needs, offering a meticulous examination of the interplay between market forces, technological advancements, and consumer preferences shaping the future of gambling worldwide.

Please note, the market value detailed in the report represents the actualized revenues recognized by entities within the industry over the specified period and geography.

A selection of companies mentioned in this report includes