Why Fasttoken is the Hot New Cryptocurrency for Online Gambling

The past few months have been a tumultuous time for the broader cryptocurrency industry, with prices being impacted by everything from Elon Musk joking about meme coins on Twitter to the US Federal Reserve announcing further basis point hikes.

Yet, amid this upheaval, a brand new cryptocurrency has been gaining traction with online casinos and gambling sites, Fasttoken (FTN). We look at why the online gambling industry accepts this token with open arms and why this new coin could become an industry darling.

 Crypto and Online Gambling Are the Perfect Pairing

The online gambling market is one of the industries where interest in blockchain technology and cryptocurrencies has remained steady. This continued interest is due to the multidimensional value the sector brings to online casinos.

Why we value the blockchain:

• Unmatched level of security
• Incredible processing speeds
• Ability to provide Provably Fair Gambling checks

Why we value cryptocurrencies:

• Increased player anonymity
• The ability to transact across borders
• Instant send and receive speeds
• Decentralised safety net when fiat is in crisis
• Potential for high-value holding returns

If crypto and the blockchain were only a value proposition, they would not be as appealing to the online gambling community. However, given the broad scope of the value, they add across the industry, interest continues to wax even during periods when values appear to wane.

Fasttoken Has a Surprisingly Stellar Lineage

One of the reasons Fasttoken has been so readily accepted by providers such as Wazdan, Fugaso and Endorphina is that it is the brainchild of a well-established global gambling company, BetConstruct.

Vigen Badalyan, founder and CEO of BetConstruct said:

"As a result of more than 15 years of experience in the iGaming industry and our work, we have gained hundreds of loyal partners, many of whom are already preparing to recognise Fasttoken as their cryptocurrency."

Initially established in 2003 as SoftConstruct, the Armenia-based betting and gaming software provider created its blockchain and cryptocurrency division, Fasttoken, in 2018. In the same year, it also established a global payment portal, Fastshift, which provides secure 24/7 money transfers.

In 2021 FTN entered its testing phase as an accredited ERC-20 token. As an Ethereum-based token, FTN proved itself to be stable, providing fast and secure transactions within the BetConstruct network of partners.

The Fasttoken cryptocurrency was officially presented to the international gambling community in November 2022 at the Blockchain Summit in Malta.

 The Best Time to Start is Always Now

Suppose you are interested in gambling with crypto but are unsure where to start. In that case, we recommend checking out our Guide to Using Cryptocurrency at Online Casinos, which explains the basics of this burgeoning market and how to get started.

Suppose you are already a keen crypto investor and gambler. In that case, we invite you to visit our selection of crypto-powered casinos, including those partnered with Wazdan, Fugaso, and Endorphina, to try FTN for yourself.