• BetSoft Pairs With CoinGaming.io for Bitcoin Releases

    20 November 2015

    Bitcoin betsoft

    When bitcoin's popularity really went through the roof in 2014, players and industry experts realized that the cryptocurrency could be used to fund deposits and withdrawals for online casinos. Bitcoin casinos sprung up afterwards, but a lot of them had limited software selections. This doesn't seem like it's going to be an issue for CoinGaming.io after a new deal with BetSoft will have them offering some of the best content in the industry today.

    Details on the CoinGaming.io Deal

    BetSoft is known for their high-quality slots, especially their 3D line called Slots3, and these games are going to be released at CoinGaming.io in special bitcoin-enabled versions. This is a pretty big deal because of how the virtual currency works and how its users are very particular about the denominations of "mBTC" used. mBTC stands for micro-bitcoin, and it's similar to how dollars uses cents as a smaller portion of the currency that's one-hundredth of the value of a dollar except a mBTC is one-thousanth of a bitcoin.

    BetSoft's Expansion

    Something that really doesn't need to be missed here is the fact that BetSoft is expanding once again in ways that we haven't really anticipated. If you look at the past history of this company, and if we're being honest, the history of many of the top software providers, they haven't really been taking bitcoin-powered games all that seriously. This move seems like it's coming out of nowhere because of this history, and that makes it incredibly interesting.

    The Place for Bitcoin

    The place for bitcoin in the online gambling industry is still being decided. The most popular way of handling bitcoin right now is to allow players to deposit in the virtual currency but to have it instantly converted into another currency like USD. Upon withdrawal, this USD balance can be converted back to bitcoin at whatever the exchange rates are at the time. The idea is that this approach avoids a lot of the volatility that the currency has seen in the past, and it protects the value of player balances. No one wants to deposit $200 worth of a currency only to find out it's only worth $150 a few days later, and that's what can happen with the way bitcoin's value fluctuates without this conversion approach.

    Related News

    • 05 September 2017

      Wild Tornado Casino to Launch on SoftSwiss Platform

      A new online casino called, Wild Tornado, is coming to the SoftSwiss platform any day now. We haven't been able to pin down an exact launch date but we did get a look behind the scenes.  Due to licensing restrictions, players in the US, UK, and Spain will not be allowed to enter the casino but most of the rest of the world, including France, most Nordic countries, and most other Europeans and possibly players from Asian markets will be able to play there. Wild Tornado Games

      Read full article
    • 18 August 2017

      Slotegrator Welcomes New Partner and Provider - Spinomenal

      Online casino game provider Slotegrator has announced the addition of Spinomenal HTML5 slot games to their already robust line-up on offer to new and existing casinos worldwide. Spinomenal specializes in device-agnostic games that can be played on any platform.  Spinomenal Game Portfolio Spinomenal currently has over 70 games in their portfolio and release new games regularly. In late 2015, the developer released 15 new games in a single month.

      Read full article
    • 07 August 2017

      Bitcoin Cryptocurrency Added at Springbok Casino

      Bitcoin is the most popular cryptocurrency in the world today by a very serious margin, and now there is another reason to be happy about using it. Springbok Casino, one of the most popular sites in South Africa, is now accepting bitcoin for deposits and withdrawals. This adds another option to their lineup and shows how progressive-thinking they are in what they want to offer their players. The Learning Curve

      Read full article