Connect with us

Cryptocurrency

The Growing Influence of Bitcoin in the European Gaming Industry

Published

on

Reading Time: 3 minutes

 

The European gaming industry has been experiencing a significant shift in recent years, with the growing influence of Bitcoin and other cryptocurrencies.

This digital currency has gained popularity among online gamblers due to its decentralized nature, low transaction fees, and anonymity. As a result, a number of crypto online casino sites have emerged, catering specifically to players who prefer to use Bitcoin for their gambling activities.

Crypto Online Sites

1. Bitstarz Casino

Bitstarz Casino is one of the leading crypto online casino sites in Europe. It was established in 2014 and offers a wide range of casino games, including slots, table games, and live dealer games. Bitstarz accepts various cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

The site provides a secure and user-friendly platform, with fast withdrawals and 24/7 customer support. Additionally, Bitstarz offers attractive bonuses and promotions for both new and existing players, making it a popular choice among crypto gambling enthusiasts.

2. FortuneJack

FortuneJack is another prominent crypto online casino site that has gained a strong foothold in the European gaming industry. The platform offers an extensive collection of games, including slots, dice, blackjack, and live casino games.

FortuneJack supports multiple cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and Litecoin. The site is known for its provably fair gaming, ensuring transparency and fairness for its players. With its sleek design, user-friendly interface, and competitive bonuses, FortuneJack has become a preferred destination for Bitcoin gambling enthusiasts in Europe.

3. 1xBit

1xBit is a crypto-focused online casino and sportsbook that has gained popularity among European players. The site offers a vast selection of casino games, including slots, card games, and live dealer games. 

In addition to traditional casino games, 1xBit provides an extensive sports betting platform, allowing players to place bets on a wide range of sports events using cryptocurrencies. The site supports numerous cryptocurrencies, including Bitcoin, Ethereum, Ripple, and many more. 

With its diverse gaming options, secure platform, and quick withdrawals, 1xBit has become a top choice for European gamblers looking to utilize their Bitcoin holdings.To know more about 1xBit, and other high quality casinos, read here

Industry Trends

The rise of Bitcoin in the European gaming industry has sparked several trends that are reshaping the landscape of online gambling. Here are some noteworthy industry trends:

1. Increased Adoption of Cryptocurrencies

The influence of Bitcoin in the European gaming industry has led to an increased adoption of cryptocurrencies by online casinos. Many traditional online casinos have started accepting Bitcoin as a payment method, alongside fiat currencies. This adoption is driven by the desire to cater to a growing segment of players who prefer using cryptocurrencies due to their benefits, such as faster transactions and enhanced privacy.

2. Emergence of Crypto-Specific Game Developers

The growing demand for crypto gambling has given rise to a new wave of game developers specializing in creating games for cryptocurrency-based casinos. These developers are leveraging blockchain technology to build provably fair games that provide a transparent and tamper-proof gaming experience. By utilizing smart contracts and decentralized systems, these game developers are revolutionizing the fairness and security of online gambling.

3. Integration of Blockchain Technology

Blockchain technology, the underlying technology behind Bitcoin and other cryptocurrencies, is being integrated into various aspects of the online gaming industry.

Blockchain-based platforms are being developed to enable secure and transparent transactions, protect players’ identities, and prevent fraud. Additionally, blockchain technology allows for the creation of non-fungible tokens (NFTs), which can be used to enhance the gaming experience by providing unique in-game assets and collectibles.

4. Regulatory Challenges and Opportunities

As Bitcoin and cryptocurrencies gain prominence in the European gaming industry, regulators are grappling with the need to establish clear guidelines and regulations. While some countries have embraced cryptocurrencies and developed frameworks to govern their use in online gambling, others are still in the process of formulating policies. Clear and favorable regulations can provide opportunities for the industry to thrive, while overly restrictive regulations may hinder its growth.

Conclusion 

In conclusion, Bitcoin’s growing influence in the European gaming industry has given rise to a new era of crypto online casino sites. Players now have a wide range of options to choose from, with sites like Bitstarz Casino, FortuneJack, and 1xBit leading the way.

As the industry continues to evolve, trends such as increased adoption of cryptocurrencies, the emergence of crypto-specific game developers, integration of blockchain technology, and regulatory developments will shape the future of online gambling in Europe.

Whether you are a fan of Bitcoin or traditional fiat currencies, the European gaming industry is undoubtedly being transformed by the rising tide of cryptocurrencies.

Cryptocurrency

SOFTSWISS Sportsbook Teams Up With Bets.io

Published

on

SOFTSWISS Sportsbook Teams Up With Bets.io
Reading Time: 2 minutes

 

The SOFTSWISS Sportsbook is expanding its client network through a new agreement with Bets.io. With the strategic addition of a sports betting option to its portfolio, the online casino is committed to enhancing the player experience and diversifying its offering.

Created by crypto enthusiasts, Bets.io offers players an exhilarating gaming experience with an extensive library of titles and innovative gameplay. Operating under a Curaçao licence, the project caters to a specific audience that prefers crypto over traditional fiat currency. The company distinguishes itself by providing betting options in the most popular crypto coins: BTC, BCH, LTC, ETH, DOGE, USDT, XRP, ADA, BNB, DAI, TRX.

Following the seamless integration between the online casino and the gamified sports betting platform, the SOFTSWISS Sportsbook, casino players now can enjoy betting on a vast selection of more than 200 sports, including esports, with betting odds provided by Betradar and Oddin.gg. In addition, sports fans can elevate their betting experience with a range of enticing bonuses, such as Freebet and Comboboost.

Bets.io will enjoy the advantage of receiving top-level SOFTSWISS support and technical assistance throughout the partnership. This support encompasses tailoring the platform to meet specific customisation requirements to incorporate new functionality requested by the client. What is more, Bets.io also will have access to various player management tools, such as detailed betting statistics, flexible odds, event settings, and top-notch customer support.

Commenting on the partnership, Alexander Kamenetskyi, Head of SOFTSWISS Sportsbook, says: “Using our sports betting platform, Bets.io will strengthen their business through enhanced engagement and a broader market reach, while players will have access to a wide range of sports, events, leagues, and tournaments. I am pleased to welcome a new partner and happy to mention that we will launch another joint project soon. Inspired by the trust placed in us by our new client, the SOFTSWISS Sportsbook team will continue to add new features to offer unique solutions that lead our clients to success and improve the gaming experience of bettors.”

The Bets.io team adds: “We have a great opportunity to explore the benefits of the Sportsbook Platform and offer our players something new. Working with the SOFTSWISS team was seamless, and we look forward to the outstanding results of this collaboration. Thanks to our new partner for their continued support during all stages of integration.”

Being part of the product ecosystem, the SOFTSWISS Sportsbook offers clients a wide range of bonuses unique to the iGaming industry, and the ability to launch jackpot campaigns on sports events.

 

About SOFTSWISS

SOFTSWISS is an international iGaming company supplying ISO 27001-certified software solutions for managing gambling operations. The expert team, which counts 1,400 employees, is based in Malta, Poland, Georgia, and Belarus. 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.

Continue Reading

Cryptocurrency

Arbitrum and Optimism Networks are on BetFury

Published

on

Reading Time: 2 minutes

 

The world of cryptocurrencies is evolving, creating more efficient and practical technologies. Top crypto platforms focus not only on multi-currency but also on adding various networks. In this context, the BetFury platform launches Arbitrum and Optimism, two popular networks with their native ARB and OP tokens. Why is this a great opportunity for Ether holders and fans of cheap transactions?

New Networks – Great Profit

The introduction of Arbitrum and Optimism to the BetFury platform is, first of all, adding variability in the use of networks and their native tokens. For example, each Arbitrum user can transfer a supported currency (ETH, USDT, USDC, DAI, or ARB) to their account balance to play and earn more. It is a kind of another iGaming utility for all supported tokens. In turn, experienced BetFury players can use the networks to transfer assets easily and cheaply.

Over three years ago, BetFury created a native BFG token with many utilities. The most profitable of them is BetFury Staking, with up to 50% APY and the possibility of daily withdrawals. Anyone with at least 100 BFG can withdraw daily Staking payouts in five popular cryptocurrencies: BTC, ETH, USDT, BNB, and TRX. In conjunction with the new Arbitrum and Optimism networks, we receive excellent passive income with the possibility of cheap and fast transfers for most of the above currencies. Therefore, BetFury’s collaboration with Arbitrum and Optimism creates a symbiosis in the entire crypto ecosystem.

Why are Arbitrum and Optimism Top Networks?

For those unfamiliar with the networks, they are an Ethereum Layer 2 solution and work with Optimistic Rollups. They reduce the load on the main network and help its scalability. Compared to the Ethereum network, they are more practical and very cheap. To withdraw currency from BetFury through the Arbitrum network, you should pay 1 ARB (about $0.76) and through the Optimism network – 0.6 OP (about $0.77).

If we compare Arbitrum and Optimism, the latter is almost twice as inferior in Total Value Locked (TVL). Arbitrum also has a larger number of protocols. Optimism uses single-stage proofs of fraud, while Artibrum uses multi-stage off-chain proofs. Arbitrum protection is more effective, but the sequencer is responsible for the proof, and Optimism offers this function to anyone. Therefore, you should rely on your preferences when choosing one of them.

New ARB and OP Tokens on BetFury

Over three years, the ecosystem collaborated with many well-known crypto platforms. Users can place bets in games using over 50 cryptocurrencies: BTC, ETH, BNB, AVAX, DOGE, SHIB, etc. Partnership with Arbitrum and Optimism allows earning ARB and OP by playing games. It is an excellent opportunity for investors and ARB and OP holders to try a new type of income and discover the world of iGaming. In addition to cheap transactions, BetFury provides excellent conditions for deposits and withdrawals. For ARB: min deposit – 0.7 ARB, min withdrawal – 0.7 ARB, for OP: min deposit – 0.5 OP, min withdrawal – 0.5 OP.

Continue Reading

Cryptocurrency

How Blockchain Re-Invented Online Poker

Published

on

Reading Time: 2 minutes

 

Technological developments within the past few years have resulted in several shifts within the online poker world. One of the most innovative technologies to come about is blockchain. Online poker has transformed due to blockchain, the underlying component of cryptocurrency methods like Litecoin, Ethereum, and Bitcoin.

When you think about cryptocurrency’s possibilities in the business world, particularly online poker, it stands out as a revolutionary product. Blockchain technology has improved the online poker market for players and operators.

Elements of Innovation

When it comes to blockchain, how has it changed the world of online poker? First of all, there is more transparency. The sector had a low accountability rate, which has changed with blockchain technology’s introduction. Players have always been skeptical of online poker site fairness, including rigged games or altered outcomes of hands.

With blockchain technology, the problems are eliminated as there is a public ledger that players can check for accuracy. Contracts and computer-coded agreements have specific terms that online poker companies must follow to offer blockchain options.

The blockchain will track all transactions of a player and provide an unshakeable record that can be checked at any time. This helps to generate more fair play among operators, particularly those who may try to be bad actors.

It is also important to point out that blockchain knocks out the middleman with transactions. The payment option does not require a processor, so there are no transaction fees or delays. Blockchain technology offers a player-to-player network with no need for an intermediary.

Players from different countries can play the same poker games with cryptocurrency without the need for currency conversion. This is a great selling point and has changed the online poker industry for international players.

Security and Privacy are Key

Online poker players often worry about the security of their accounts, be it personal or financial information. With blockchain, players do not have to worry at all about security or privacy. Blockchain technology utilizes distributed networks and cryptographic techniques to boost the safety of gaming. Digital wallets are used to ensure that players’ funds are always safe.

Blockchain uses a decentralized design, so players do not have to worry about a point of failure. Hacking is difficult and avoidable, unlike with credit card payments. Players can also choose to use a pseudonym or stay anonymous while playing with cryptocurrency. The anonymity is a driving point for many players that want to enjoy poker.

Along with security, blockchain also ensures that players from around the world can access online poker gaming. Some sites have an issue offering services in certain areas due to regulatory concerns. There is no restriction with blockchain because the services operate with a decentralized network.

Overall, players appreciate the transparency, protection, and quality online poker experience associated with the widespread usage of blockchain technology. The option continues to change the way online poker operators offer services and how players enjoy ring games and tournaments. This technology easily opens up new opportunities for players to participate via iGaming operators.

Continue Reading
Advertisement

GambleDex

Advertisement
EveryMatrix


Trending

Get it on Google Play

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2023 - European Gaming is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.