If you’re looking for a more cost-effective entry point into the world of crypto gambling than Bitcoin, check out our news on a tasty new iGaming focused digital currency.
The launch of the blockchain and the subsequent creation of Bitcoin was one of the world's major turning points in terms of technology and finance. Given the fantastic growth potential, risk-reward cycle, and advanced security inherent in the blockchain and cryptocurrency, we soon saw the launch of Bitcoin online casinos.
However, it soon became apparent that Bitcoin's value was closer to that of gold or stocks rather than being a functional daily digital currency. It was an investment coin, not a currency intended to be used for shopping or paying your utility bill.
Wanted: Daily Use Cryptocurrency
This realisation opened the door for creating alternate digital currencies, which met the need for simpler, smarter, and more cost-effective mass transaction processing. The most well-known of these crypto-coins is Ethereum.
Ethereum was designed to offer consumers a lower-cost access point into the world of cryptocurrency. It would also facilitate far more daily transactions faster than the chain that supports Bitcoin would allow.
Despite finding some success with cryptocurrency casinos, Ethereum and its peers were still focused on facilitating a range of transaction types, including smart contracts, business payments, online identity management and much more. The result is that while these coins allowed for bets to be placed, it ultimately lacked any specific iGaming focus or innovation.
Grab a SNACK & Play
2022 saw the launch of a tasty new cryptocurrency, SNACK! Its specialisation in online gambling separates SNACK from the other newer cryptocurrencies on the market.
Calling itself "the luckiest token", SNACK boasts about its love affair with online and mobile gambling, having already partnered with more than 300 operators in both the online casino and online betting markets.
Most recently, the company announced that crypto gambling pioneer, BGaming, would now support SNACK as one of its accepted coins.
Stuart Morrison, Crypto SNACK's CEO, said:
"This is a huge milestone for the Crypto SNACK token. It strengthens our position as the world's fastest-growing iGaming token. Another pivotal goal of our business plan is now achieved, and more is yet to come. I am sure this partnership will excite the Snack Community."
The decision to partner with SNACK was simple for BGaming, given its rapid adoption in the iGaming space, its addition to the Binance Smart Chain (BSC), and subsequently being awarded BEP-20 token status.
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