Bitcoin Cash Gains Gambling Momentum

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August 12th, 2017
Back Bitcoin Cash Gains Gambling Momentum

The online gambling industry has always been quick to test, apply and implement new trends. It can almost be said that it is the trial ground for new technology that will later head out to other facets of the internet. One of the more significant turnouts in that respect was the Bitcoin split and the emergence of a new cryptocurrency, Bitcoin Cash. This blockchain split occurred last week after a long turmoil regarding the Bitcoin network capacity that will be increased to 8MB, plus those who own coins on the blockchain will be awarded free dividends by being given an equivalent amount of the new currency.

Such a major event is no small thing, and ignoring it – or not reacting to it promptly – would be perilous. This fact didn’t escape Slots.com, which was among the first operators who publicly stated they will endorse recently introduced currency. This online casino serves as a trailblazer in its own right, as it is one of the few to adopt the digital method as its currency of choice. Many other online gambling havens will follow suit in weeks to come. This is a given, judging from the overwhelming support Bitcoin Cash has received, not only from the cryptocurrency users demanding a bigger block size but also from gambling industry representatives who interpret this split as a good opportunity for cryptocurrencies to flourish. Digital currency retail services in some countries like Japan have already began exchanging the cash, with more joining them by the hour – some of those include Coinfloor, Okex, Yobit, Cryptopia, Viabtc, Kraken, The Rock Trading, Bittrex and Bter. There were some operators, like Coinbase, who were reluctant to accept Bitcoin Cash. However, after a big customer backlash, they admitted they will be supporting it, but no sooner than 2018.

The estimated value of the cash at this very point stands at $306.

Source:

"Rothschild Investment Corporation Becomes Bitcoin Stakeholder", Solana Jasmine, calvinayre.com, August 4th, 2017.

“this split as a good opportunity for cryptocurrencies to flourish”

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