You probably already know about cryptocurrencies. Bitcoin and other coins have been around for several years now, and many of these cryptocurrencies have seen widespread use and continuously increasing popularity.
Cryptocurrencies and crypto companies are shaking things up in the world, changing things from payments to peer-to-peer sports betting. They are also affecting the world of online casinos, and this is precisely where CasinoCoin comes in.
However, as is the case with everything in the world of crypto, many people are wondering if this is a scam or the actual future of the online gambling market. Let’s have a look and try to answer this question!
What Is CasinoCoin and How Does It Work?
CasinoCoin (CSC) is a digital currency like Bitcoin and other cryptocurrencies. The main difference between CasinoCoin and other crypto coins is that CSC was designed for the regulated online gambling industry.
It was built upon the already-existing Ripple blockchain technology that’s already used by numerous banks across the globe. CasinoCoin can also be used for faster and more secure transactions, just like Ripple. However, CasinoCoin is a new coin, and a lot of its features are an improvement over the existing coins in the market.
Here’s what Casino Coin can do:
- Every second, the system can facilitate more than 1,000 transactions.
- Each transaction costs less than a penny, which is much lower than the fees with other crypto coins.
- Every transaction is usually confirmed in less than five seconds.
- There are no chargebacks.
- It has its own wallet app called the Bankroll Manager that complies with all the KYC and Anti-Money Laundering checks, as it’s designed for the online gambling market only.
How Beneficial Is CasinoCoin?
The most important thing here is that CSC coin is to be used only in the online gambling industry, which means that only online gambling content can be purchased with CSC and nothing else. It’s thus perfect for giving operators access to the information they need and makes the whole process with transactions a lot easier for players allowing for players to sign up without creating an account.
If CSC were designed for use anywhere on the web, none of this would be possible, which is why the existing CSC is so promising.
On top of that, as it’s built on the Ripple blockchain technology, we know that everything is transparent. You can check every transaction to see if it’s working.
The CasinoCoin foundation is designed for the regulated online casino market, which means that the very core of CSC is made to respect the rules and regulations in the online gambling world.
Is CasinoCoin a Good Investment Today?
We believe it is. It’s still early to tell, but it has a lot more chance at widespread approval than any other crypto. Other crypto coins like Bitcoin, with its astronomical market cap, can’t measure with CSC, as they are neither regulated nor follow the rules of the gambling industry.
CSC does, and it thus has a lot more chances at being accepted by the biggest brands in the online gambling world. The makers of CSC have designed it to comply with KYC and Anti-Money Laundering laws, which is why CSC can be used by any operator in the online casino industry.
This makes CSC a good investment, even though it still hasn’t seen widespread use. Though, it can be seen that more of the 2020 new casinos are accepting CSC.
Where Can I Buy CasinoCoin?
CasinoCoin is still relatively new, as its current Ripple-inspired form was designed in 2017, so it’s still not widely used. It was initially built on the Litecoin blockchain back in 2013, but it was completely changed when they opted for the technology Ripple uses.
It’s not just a concept, as you can download a CasinoCoin wallet on most mainstream devices. You can also buy it in a CSC exchange, like the widely known Bitrue, or NUEX, STEX, and Exrates.
Visit any of these to check the current CSC price. Remember that the coin is still new, and so the CasinoCoin price is unlikely to be at an all-time high, but it’s bound to be quite affordable at the time of reading this piece.
As the demand for the coin grows, the price will increase as well. That’s because the circulating supply of CSC is limited to 40 million units. It’s thus better to get in on it earlier if you believe that the coin will be successful.
All in all, CasinoCoin is a promising venture. We think that the coin is definitely not a scam, as it already has significant backers. It was designed specifically for the online gambling industry, so it’s currently the only crypto that has a chance of widespread use by casino operators and players.
As time passes, we are likely to see more use of the coin and more positive news about its potential success.