Watch in HD. Arsenal signs Cryptocurrency deal with gaming firm CashBet.
CashBet is a Californian online gaming business formed in 2012 by Mike Reaves and they have just an launched (ICO) looking to raise $40m issuing their CashBet Coins and then this coins can be used to bet on its various online games.
Cashbet is a platform that wants to merge Mobile Gaming and Cryptocurrency into an iGaming solution.
Cashbet want to solve the problems Crypto Casinos are facing. Problems like high fees on ethereum network, slow transactions because of miners, transparency, even optimisation for mobiles. So they are saying that their coin will allow for lower fees, speed when it comes to payouts and trust.
Their platform it's going to be and fiat-and-cryptocurrency ready. So one can brand their iGaming site and enable gaming content and launch a crypto-casino within days.
Their platform provides everything operators need to run a licensed and profitable iGaming business- an integrated back office, game management, security, transparency, exclusive content, know-your-player analytics, built in bonusing for players retention, currency management and geo-verification system.
Cashbet are fully regulated by online gaming jurisdictions: the Alderney Gambling Control Commission (AGCC license numbers 116c1 & 116c2) and the UK Gambling Commission (UKGC license number 39620). CashBet is in the process of obtaining licenses from the Isle of Man Gambling Supervision Commission (GSV) - the only whitelisted regulatory body currently (October 2017) providing detailed guidance and a regulatory framework for crypto casinos.
The reason for the slow adoption of Cryptos- https://goo.gl/zU5rzp
Cashbet website - https://coin.cashbet.com/
Cashbet Whitepaper- https://coin.cashbet.com/wp-content/uploads/2018/01/CashBet-Whitepaper.pdf
BBC News Article- http://www.bbc.co.uk/news/technology-42809676
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