In this article, we will explore the advantages of CasinoCoin (CSC), a cryptocurrency designed for the regulated gaming industry. This open-source cryptocurrency includes AML and KYC features, and is more likely to be accepted by online casinos than other cryptocurrencies. Here are some of the other advantages of CSC. The cryptocurrency is backed by real money, making it an excellent option for players who want to enjoy the best in online casino gaming.
CasinoCoin is a digital currency for the regulated gaming industry
If you’re looking for a new cryptocurrency that will allow regulated online gaming operators to conduct business, consider CasinoCoin. This peer-to-peer digital currency was designed with scalability, transparency, and KYC and AML processes in mind. As an open-source project, CasinoCoin is continuously improving and developing new features for gambling customers and operators. And because the development team is based in the gaming industry, they’ve already incorporated regulatory considerations at the technology level.
The company has been working on its back office proposition for many months now. Currently, it has a market-leading back-office proposition, is adding escrow functionality, and is exploring the integration of smart contracts to the CasinoCoin blockchain. With its innovative technology and dedicated team of casino veterans, CasinoCoin is already a leading choice for regulated gaming organizations looking for a new digital currency.
It is an open source cryptocurrency
CasinoCoin is a digital currency designed specifically for the regulated gambling industry. Its developers have incorporated features for gambling customers and operators, as well as regulatory considerations. Besides scalability, CasinoCoin provides enhanced security. If you’re interested in gambling, it might be a good choice for you. However, be aware that it is not yet fully developed. The team is still putting the finishing touches on the software.
CasinoCoin is an open source cryptocurrency designed to cater to the regulated online gambling industry. It will soon undergo a coin swap to move to an entirely new blockchain based on Ripple. This move will result in many advantages for users, such as increased liquidity from 40 million to 40 billion. Furthermore, the coin supply will grow to match the industry’s size. That way, casinos and users will benefit from an increased price.
It has KYC and AML features
In 2019, $2.8 billion were laundered through cryptocurrency exchanges and another $1 billion were laundered in 2018. According to AML/CFT (anti-money laundering and counter-terrorism financing), KYC/AML measures have many positive effects and are a welcome addition to cryptocurrency exchanges. KYC/AML is designed to ensure that only qualified individuals are able to trade on a cryptocurrency exchange.
It is more likely to be accepted by online casinos than other cryptocurrencies
A decentralized form of payment, cryptocurrency has a number of benefits that make it more attractive to online casinos. It offers the highest degree of online privacy and anonymity. The price of a single cryptocurrency can fluctuate drastically, which gives cryptocurrency investors the opportunity to hold them when their value is low and sell them when their value is high. As a result, crypto-currency transactions are cheaper and more sustainable for online operators. Online casinos have begun accepting Bitcoin and other cryptocurrencies, including Casino Coins.
Bitcoin is also known as a “cryptocurrency” because it uses the blockchain technology to facilitate transactions. This technology eliminates the need for a central governing body, making it easier to monitor transactions. Users of cryptocurrencies are also able to avoid bank transactions, which is an important benefit for online casinos. Some countries do not allow gambling transactions in bank accounts, and so they are less likely to experience any kind of bank transaction fee.