Those who want to use TrueUSD for online gaming will need to purchase their TrueUSD coins and for this, they can use many different trust companies. Here, the player must pass a mandatory KYC/AML after that he or she can send funds in US dollars to a chosen trust company. Once the sent funds are verified by the company, the currency’s smart contract issues the specific TrustUSD to the player’s Ethereum address.
Potcoin online casinos have incorporated the perks of using blockchain technology to speed up transfers without inflating the costs. The deposit and speedy cash outs are a match made in heaven for players who want to gain access to their funds instantly. The best part is that there are no hidden fees to worry about.
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Players first have to pass a verification check, then send the currency’s smart contract and their purchased TrustUSD coins to their Ethereum address after which their banks send their funds in US dollars.
The current fee to buy and redeem TrueUSD for US dollars is $75 or ten basis points on transactions of TrueUSD coins on an Ethereum wallet.
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