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DAOWallet

DAOWallet and the Quest to Make Crypto Gambling Better

Ever since it launched, DAOGroup has been very aggressive in its pursuit to deliver viable and innovative solutions to a number of the problems that continued to plague the crypto space. The launch of DAOWallet was part of these efforts and this has since grown to become an integral part of the budding ecosystem.

What Is It?

As you may have already guessed, DAOWallet is a digital currency wallet. Launched in early 2020, the cryptocurrency wallet has proven to be a revolutionary product especially with regards to its position as a bridge between digital currency and fiat currency for users all around the world. The wallets users can now enjoy instant currency swaps when they are using EUR, BTC, USD, ETH, TUSD, and USDC.

DAOWallet offers two account types. One is for individuals and the other is for businesses. All of them will have access to the same core features such as being able to store their funds in cold storage. For businesses this is very useful for growth and security – the cryptocurrency wallet conducts monthly audits in order to eliminate any loopholes that may be exploited.

What This Means for Online Gambling

For many online gamblers who have been holding out on using crypto, DAOWallet gives them a very compelling reason to finally join the bandwagon. By stabilizing the prices of crypto coins, the wallet protects both individuals and businesses from volatility. They do this by simply converting all of the incoming transactions with the most favorable market.

Also worth noting is how easy it is for businesses including gambling operators to integrate with DAOWallet. As if that is not enough, iGaming operators and other kinds of businesses also get to enjoy many other perks including competitive fees for deposits and withdrawals – there are chargebacks or rolling reserve for this.

“In essence, DAOWallet offers a simple, clean solution for partners wanting to integrate crypto payments into their casino brands. We do all the heavy lifting and compliance work at our end, so operators can work hands-off on the payments side and focus on driving acquisition to a new audience of crypto users.” DAOGroup’s CCO Glen Bullen commented.

DAOGroup has so much planned for DAOWallet. The platform has recently inked a major partnership with MoneyMatrix and there are several other unspecified partnerships in the pipeline. Additionally, even more improvements will be arriving for DAOWallet in the near future. Perhaps this is a sign that the cryptocurrency sector is ready to take the next leap towards mainstream adoption.

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Cryptoslots Launches Cowboys vs Aliens Slot

Renowned crypto-first online gambling destination Cryptoslots has been very busy buffing up its impressive portfolio of offerings. In mid-August, the iGaming platform rolled out a very unique promotion that allowed its customers to play for tickets to a monthly draw. This amazing promotion was open to all of the site’s real money customers and they would all have a shot at the huge prize money that the operator promised. All that players need to do to earn the daily Crypto Lotto ticket is to place bets of at least $100 on all slots except Jackpot Trigger.

As if the amazing promotion is not enough, the crypto-powered online gambling operator has puffed up its impressive portfolio of games yet again with the launch of the Cowboys vs Aliens slot game. This is a pretty huge development for the studio.

Players will get to dive into an immersive world of fun that combines space and the Wild West. The in-house game presents an action-packed adventure that will really appeal to fans of cowboys and aliens. Still, even people who are not familiar with the concept will have a lot of fun playing the game. Not only is the design of the game very good but its graphics are also quite crisp. The included Mystery Symbols as well as the bonus round where the Wilds double the players’ wins are certainly going to make this particular offering a fan-favorite.

The $100 Introductory Bonus and More

Cryptoslots lets its customers kick off September on a high note not just with the new slot games, but also because of the mind-blowing bonus that accompanies it. Any of the site’s customers that make a deposit till September 5 will receive a $100 bonus that they can then use to try out Cowboys vs Aliens. To receive this bonus, you will need to deposit at least $150 and use the code NEWSLOT.

Even if you miss out on this bonus, you will still have nothing to worry about as the site has built a reputation for offering some of the most generous bonuses in the industry. Moreover, there are tons of other amazing games that are available for players to dig their teeth into. All you have to do is find one that tickles your fancy.

Finally, being a crypto-first online gaming site, Cryptoslots allows crypto users to reap all the benefits of digital currencies. They can enjoy unmatched security, speed, and reliability while using Bitcoin, Monera, Bitcoin Cash, and Litecoin.

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ESPN Announces Blockchain-Powered iGaming Platform

ESPN which is one of the most recognized names in the eSports and gaming space has recently announced that it has launched a new blockchain-powered online gambling platform. The new platform is a robust next-generation gaming environment that not only allows users to leverage the full range of blockchain’s capabilities but also lets them tap into the world of digital currency. This means that players will be able to deposit funds into their accounts and withdraw the winning using Bitcoin and several other digital currencies.

The payments will be powered by Cryptopay, a renowned player in the crypto space. Cryptopay was chosen specifically because of the success it has had when it comes to makes digital currency payments a lot simpler, swift, and secure.

What to Expect

When ESPN Global first hinted at the new offering, it said that it was prepping a platform that would consolidate the most popular games into a single application for crypto prizes. Its plan was to use blockchain technology to decentralize both verification and support for transactions. Now, it seems that they have achieved all that.

Now, players are able to enjoy all the perks of the blockchain and digital currencies while still having access to top-notch online gambling experiences. Users of the platform are able to choose a game or even join other players to compete in real-time – here, the players with the highest scores are the ones that are awarded.

One other feature that many players will certainly appreciate is the premium membership offering. This allows some customers who are part of it to have priority access to slots as well as early access to some of the most popular games.

ESPN Global has also integrated Satoshi’s Treasure, a recently launched game into the platform that offers mind-blowing prizes to the winners. In addition to the game, the operator will also be giving each of its players airdrops of its Smart Gaming Token (SGT) as gifts. Now, that is not something that you will want to miss out on.

The Growth of Crypto-Powered Gaming

Needless to say, online gambling has been on the rise and it is increasingly integrating other technologies. Digital currencies and blockchain have become the leading technologies for many online gambling businesses simply because they offer solutions to some issues that have plagued the industry for a very long time.

With huge brands such as ESPN Global now leading by example and showcasing just how useful the crypto-ecosystem is, the growth of crypto gaming is certainly set to pick up the pace. Its been over ten years since Bitcoin, the first cryptocurrency, came to be, and perhaps it is finally going mainstream as originally intended.

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Crypto Casinos Becoming a Norm in the United Kingdom

It goes without saying that the United Kingdom is one of the most lucrative gaming markets in the world.  The country has spawned some of the most recognizable gambling businesses and brands on the planet – that was just the beginning through.

Thanks to technology, the UK’s gambling industry has been able to reach greater heights – this was likely expected especially considering the high demand for gaming offerings in the country. Gamblers in the country have access to some of the best gaming options on the planet thanks to the adoption of the latest gambling technologies, something that has fostered even more growth.

Just when you would think that the industry has reached its peak, there are even more technological trends cropping up as the gaming operators strive to stay competitive and appease their customers. One of the things that are growing significantly is the integration of cryptocurrencies and blockchain. There are now a good number of crypto casinos and an equally large number of operators are adding digital tokens such as bitcoin and Ethereum to their platforms. Some have even gone as far as designing their own digital tokens.

Thankfully, this massive shift can be attributed to more and better awareness of crypto-related concepts. There is a ton of readily available information that details the benefits of crypto, how it works as well as some of its drawbacks. With all that, in mind, gamblers can bow make informed decisions about whether crypto is worth it or not, and considering the current situation, very many of them are quite impressed.

Why Crypto is Growing So Popular in the UK

Cryptocurrencies and digital currencies have been at the forefront of a financial revolution for quite some time. In the world of gambling, the technology presents a whole lot of benefits that could certainly not go unnoticed.

Many gamblers in the United Kingdom have been sold on the idea due to the speed and safety that is associated with digital currencies. Making payments is a breeze and players never have to worry about having their funds withheld.

Moreover, considering the tight regulations in the United Kingdom, some players see crypto as the ultimate option when it comes to enjoying their favorite games while maintaining their anonymity. There could be drawbacks as a result of this but operators are working around the clock to fix some of those issues while retaining all of the best features. So far it is going great.

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CryptoSlots Donates Thousands of Dollars to Direct Relief

Many industries and economies across the world are still reeling from the effects of the coronavirus pandemic. There are, of course, some industries or businesses that have been able to keep operating, and some of them are all about helping people pass time while in lockdown. Thankfully, many of these businesses have been doing more than just offering people ways to kill time.

Needless to say, beating the pandemic is a collective effort and thus it is very nice to see that even the gaming industry has been playing a role in the efforts. CryptoSlots, one of the most popular crypto-powered betting platforms in the United States has not been left behind. The company has over the past month been running the Micro Monsters Donation Campaign which is aimed at helping in the fight against COVID-19.

The company has recently donated nearly $15,000 to Direct Relief, a charity organization that works both in the United States and internationally. In the areas where it has access to, the organization tries its level best to equip medical professionals with essential medical resources as they continue taking care of people in various medical facilities.

Direct Relief has been running the COVID 19 Relief program for a better part of the year in a bid to assist health workers in the frontline on the fight against the coronavirus. Their aim is to ensure that the health workers are protected and that the affected individuals receive the best care possible.

Spinning the Reels for a Good Cause

Crypto Slots has given its customers the opportunity to play a fun and exciting game while at the same time participating in the fight against COVID-19. Every game you play has, therefore, in one way or the other, contributed to the donation. All of your spins will go to a good cause.

“We felt it was time to step up and help those who need it. We are so grateful for our players’ support in this effort. They kept those reels spinning and made a meaningful contribution to a group that’s supporting frontline workers and helping the neediest… Hopefully, this contribution will make a difference to those on the front line, as well as providing entertainment to those doing their part by staying at home.”

Michael Hilary, the manager of CryptoSlots.

Since its debut in the online gambling space back in 2018, CryptoSlots has gained a reputation for being one of the most revered crypto-based gaming sites. It is known for its top-of-the-line games as well as some very lucrative bonuses and promotions. Micro Monsters is no different – every slot player will certainly have fun with the game and all of the amazing features that it has to offer.

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Lucky Player Lands 29 BTC Slots Jackpot at Bitcoin Games

Lots of gamblers have been enjoying their favorite games online over the past couple of months amidst the lockdown that resulted from the coronavirus pandemic. While it is definitely a difficult time for many people, many entertainment businesses have been working very hard to ensure that their customers are not too bored during their stay at home. Gaming is fun and all but nothing quite beats the thrill of being able to land a win of any kind. It gets even better if it is a huge win.

For one lucky online gambler, staying at home and enjoying their favorite game has proven to be quite a rewarding experience. This player is now 29 BTC richer after winning a lucrative jackpot when playing an exclusive game of Slots at Bitcoin Games.

For anyone who might not be familiar with Bitcoin’s value, the 29.65 BTC that the player won is as of this writing equivalent to a whopping $250,000. Now that is certainly a decent payoff for staying at home and enjoying one’s favorite games.

Anyone Can Win

Bitcoin Games is quite proud of the fact that the lucky player was able to land the jackpot. The gaming platform has certainly got a lot more points in the eyes of online gamers simply because the jackpot win is an illustration of fairness. In essence, anyone playing on the site is just one lucky gaming session away from a life-changing sum of money.

This can easily be proven by the fact that the player who won the amount had just joined the online gaming site a short while ago. The player did not have to wait too long to land the win either. Needless to say, this is some amazing marketing for the online gambling site.

Living Up to the Promises of Bitcoin

Aside from proving that it is indeed a trustworthy online gambling site that treats all of its customers fairly, Bitcoin Games has also proven that it is focused on delivering on the promises of digital currencies. These include speed, significantly lower costs as well as unmatched levels of privacy. For instance, the winner of the 29.65 BTC was able to play and win anonymously.

In addition to that, the site has built up quite the reputation when it comes to offering a ton of great features besides the provably fair games that it offers. These include world-class customer support as well as an impressive selection of games. All these make it the ideal gaming destination for any crypto and casino games enthusiast looking to make use of their free time during the slowdown.

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How COVID-19 Has Impacted the Global Crypto Market

The whole world is currently feeling the pinch of the coronavirus pandemic that has resulted in major economic disruptions. That said, regardless of where you are in the world, you will certainly be affected by this in one way or the other. Both individuals and several industries are reeling from the effects of the economic slow down brought about by the virus and it gets even worse due to the uncertainty that is it is associated with.

The cryptocurrency sector has not been left behind. Just like many other industries including travel, hospitality, gambling, manufacturing, and tourism, the crypto industry has had to deal with several issues. There are lots of implications that have to be put into consideration.

The Bad

After the World Health Organization (WHO) declared COVID-19 a pandemic, there was a significant drop in risk assets with the stock market reporting some of the worst stats in over 10 years. A lot of these risk assets took a hit and crypto was one of them. This can be seen by price drops that were reported for several digital currencies including Bitcoin.

Fortunately, the assets have managed to recover some of their losses the biggest casualties have thus far been the smaller projects. While more popular cryptocurrencies like Bitcoin and Ethereum might get to recover and even see upticks in their usage, the smaller crypto projects will certainly get the short end of the stick.

To make things even worse, due to the cancellation of most social events and closure of several markets, raising capital is now much harder than it has ever been. Not only are there any meetings to discuss possible investments but the investors are also much warier about what they invest in again due to the uncertainty about the future.

The Good

All is not lost though. While the pandemic is definitely not something to be taken lightly, it has allowed for a number of stablecoins to shine. Currencies like Bitcoin are being pulled off exchanges as more people are considering them as vital stores of value that can help them get through these tough times.

Besides that, we have seen significant contributions from the cryptocurrency community towards efforts to fight and contain the coronavirus outbreak. Companies in the sector like Binance have donated funds amounting to millions of dollars towards such efforts and these contributions are bound to make a huge difference in both the long and short terms.

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Scientific Games Leverages Power of AI Through Vaix.ai Partnership

Scientific Games Corporation, one of the biggest gaming technology solutions developers in the world, has recently partnered with Vaix.ai which is an Artificial Intelligence (AI) engine provider. The partnership is part of Scientific Games’ new bid to offer more custom-tailored gaming experiences to anyone who uses its products and services. There will be particularly a lot of focus on personalized wagering experience with regards to custom betting choices for each player as well as personalized online gaming and sports betting recommendations.

The areas of focus for the new partnership will be the OpenSports and the OpenMarket product suites, both of which are very popular among Scientific Games’ partners. These two product suites will now take advantage of Vaix’s expertise in Artificial Intelligence (AI) in order to give the players much better gaming experiences.

Personalization is a core component of the plans to integrate AI. This is attributed to the growing number of online gamblers which has been accompanied by immense growth of data. This means that, without the appropriate tools and technology, it is virtually impossible to crunch the data and use it in a manner that is beneficial to the customers especially when it comes to giving them personalized experiences.

“Help for the user to find their favorite team’s game, or to see what’s going on in one’s personal favorite league, is often not going beyond targeted banners based on pre-selected user segments, or the often-hailed, but rarely used, ‘Favorites’ feature,” Vaix.ai CEO and Co-Founder Andreas Hartmann commented.

The partnership will see to the delivery of a lot of perks such as real-time sports, league, team, event, and market recommendations. All this will be based on data collected about the preferences and tastes of each individual customer.

More Integration to Come

It goes without saying that online gambling is still on the rise and there is a huge technological gap that has been credited due to that. Artificial Intelligence has proven to have a lot of potential in other industries which makes it a viable choice for gambling operators who are looking to go a step further in their quest to attract more customers.

Customer experiences are the main focus of AI integration with gambling platforms but that is just the beginning. Aside from delivering better and more personalized experiences, the gambling operators and regulators have also been utilizing the technology for more noble things. One of these things is the prevention of gambling-related harm which has become quite a big deal due to the rapid growth of the gambling industry. There are several other possibilities as well and we will get to see them in action in the not-so-distant future.

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Faster Payouts Coming with Blockchain for Online Casinos

 

The global online gambling industry has been on the rise over the past several years and its upward trend is expected to last a few more years. As much as the industry is on a roll and is growing at a very fast pace, it has still been plagued by a number of challenges. Both the online gamers and the gaming operators have felt the pinch of these shortcomings. One of the most notable ones is the noticeably slow payouts that have left gamblers frustrated and the gaming operators without customers.

Thankfully, several solutions are being considered for these challenges and the blockchain is perhaps one of the most popular ones. This is simply because the technology has bee marketed as the best possible solution for challenges pertaining to quick payouts and greater transparency.

The credibility of many online casinos has been questioned despite the growing number of users and online gambling platforms.  In essence, this means that both the customers and the operators are not able to fully capitalize on the growth. Features such as Trustless gaming are increasingly becoming important buzzwords in the world of online gambling and with time, they might just define how every gaming operator works in the future.

Cost Reduction

Hidden fees are still one of the biggest challenges that customers face when making withdrawals from their online casino accounts. These extortionate charges are often not justifiable and may dig deep into the players’ winnings. No one wants that.

Aside from the fact that blockchain transactions are meant to be superfast, there is also a lot of optimism that it will play a big role in reducing the fees gamblers are charged by a fairly huge margin. Digital currencies are increasingly becoming viable payment options in both the world of gambling as well as in other sectors and this perhaps the first step towards affordable transactions.

Revolutionizing Online Gambling

Online gambling has indeed come a long way since it was conceptualized and the first online gambling platforms launched. Now, it seems like the industry is ready for yet another revolution as the sector goes through massive evolution especially with regards to the operation of the gaming sites. Blockchain and crypto are becoming an integral part of our online gaming experiences and even though they are just beginning to take off, their potential impact can already be felt. Fair, transparent and affordable online gambling is making a comeback like never before.

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Is It Time to Fully Upgrade to Cryptocurrency Casinos?

What a time to be alive. 2020 is finally here and it is quite amazing that we can ask these kinds of questions. Cryptocurrencies and associated technologies have finally gained enough popularity and are mature enough to be integrated across a number of industries. However, does this necessarily mean that it is time to fully replace traditional online casinos with crypto-based options? Maybe.

A Decade of Massive Developments

The emergence and growth of digital currencies over the past decade was quite bizarre even though crypto enthusiasts have been preaching about the digital currency revolution for years. The gambling industry’s adoption of digital currencies and blockchain was, on the other hand, quite unexpected. Even so, the development was welcomed with open arms especially considering the huge benefits that are associated with them.

Digital currencies have been improved in a number of ways in order to ensure that they deliver on the promises of better security as well as affordability with regards to the transaction fees. They now offer tremendous advantages over tradition fiat currency.

Moreover, the integration of the provably fair gaming systems has been a huge boost for gaming operators. Needless to say, online gamers are always looking for the best ways to maximize their gaming experiences. Provably fair systems not only ensure that they are able to enjoy fair games but also assures them that their winnings will be paid out.

As you may have already discerned, all the developments and improvements have been specifically designed in order to lead the world to mainstream crypto adoption. The technology is already used widely but it certainly has not caught up with traditional financial systems. This is perhaps an issue that is related to lack of trust or simply skepticism from parties that are of the opinion that ten years might be a little too short for the technology to fully mature.

The Verdict

As mentioned earlier, switching to a crypto-only casino is totally justifiable but that is a decision that only the gamers can make at this point. That is, so long as they are familiar with how the digital currencies work. For online gaming operators, things might not be quite as simple. While a number of online casinos have already integrated digital currencies, only small chunks of their customer bases utilize them, at least at the moment.

We cannot deny the fact that digital currencies like bitcoin are cheaper to use for transactions thanks to their decentralized nature. Still, using these currencies as the only form of payment on the sites is a very risky bet for the gaming operators. Even so, it is quite commendable that it is something that can be discussed at length unlike the case a few years back. So, yes. 2020 can be the year you fully upgrade to crypto gambling. It is all up to you.