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The Effects of Cryptocurrencies On The Gambling Industry

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Cryptocurrency and gambling are two industries that have seen rapid growth in recent years. Blockchain technology has had huge effects on a wide range of industries. Gambling is now seeing a transformation as the growth of cryptocurrency enters the industry.

Payment system

Using cryptocurrencies is now a payment method available on new online casinos and betting sites. However, most of the established betting sites, for example, https://www.unibet.co.uk/bettingare yet to offer the payment option to its players. With this being said, it is growing as a method and the advantages it brings mean that one day it could take over as the main payment method that we use. The benefits of this are that it allows players to gamble anonymously and they can also play without having to create an account and send in any personal data to get their account verified. Another advantage for the gambling sites is that using the blockchain for the payment means there aren´t the fees associated with traditional payment methods, and players can also access their money much faster.

Transparency

Transactions completed on a blockchain automatically create a record that cannot be changed or deleted. This means that anybody is able to confirm that a transaction has actually taken place. Therefore, betting sites are able to show that they are honest and transparent. Anybody can view winnings and access their money easily.

Decentralised structure

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Not only does a decentralized structure mean better security, Blockchain technology allows anybody to become a member of the casino itself. Some Bitcoin casinos allow their users to fund the casinos and take a share of the profits. vSlice, run through the Ethereum platform, allows token holders to receive automatic dividends from profits that are generated. Wagerhas its own Blockchain network which provides a decentralized sports betting platform, which means that each betting type has its own unique type of transaction, and Wagerr states it ensures scale when it comes to creating consensus for determining winners and losers by having bets take place on the second tier of the network.

Casinos & Betting Sites that now exclusively use their own cryptocurrency

Zero Edge is an online casino using a blockchain network, but its business model is around the growth of its own cryptocurrency rather than profits taken from gamblers. All betting on the platform is using Zero Edge’s own cryptocurrency called ZERO. There is a fixed supply of ZERO tokens, so this means as demand grows, so does the value of the cryptocurrency. Due to this, all the games on ZeroEdge.Bet have a 0% house edge, meaning that gamers have the same chance as winning as the house, unlike traditional casino gaming where the odds are heavily in favour of the house. Zero Edge is also going to offer a 0% commission sports betting exchange, where players bet on a variety of different sports worldwide.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Zeex Expands Through Multiple New Partnerships

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Zeex has inked a series of new deals with crypto wallet providers as a central element in the company’s move to revolutionize the wallet marketplace with its new proprietary gift card liquidity mechanism. Zeex has now signed deals with Bancor, Hooxi, Coinwall, Ginco, Sirin, and BreadWallet (BRD). 

Introducing Zeex

Zeex is a platform that confronts the most limiting obstacle in the crypto space: utility as a medium of exchange with a marketplace comprised of traditional products and services and traditional modes of commerce. Zeex offers users the ability to skip over the fiat currency step and make purchases by converting cryptocurrency into “corporate currency” through the Giftcard channel.

What’s the Big Deal?

At this stage, there are no truly effective means to circumnavigate the fiat step and utilize gift card exchange liquidity directly from cryptocurrency. While Coinbase has anointed the “Prepaid Crypto Giftcard” concept, this is a relatively recent development and the market has yet to comprehensively adjust.

Zeex has seized the initiative and emerged as the leading player on this front, with support from its non-blockchain sister, Zeek. Zeex has already lined up a series of blue-chip corporate brands, including Nike, ASOS, XBOX, Reebok, and Amazon, and is already pushing its minimum viable product iteration into late-stage production.

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Supporting with Five Highlights, the New Generation of ColdLar Wallet Pro 3 Shocked Release

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The new generation of ColdLar Wallet Pro 3 has been released, which makes a great step to become the Guardian for the Blockchain Assets.

Most of the experienced customers of cryptocurrency circle have known about ColdLar Wallet for a long time. However, the beginners also can understand its concept though this article.

ColdLar Wallet is not only an intelligent hardware cold wallet product, but also a full set of security storage solutions for blockchain assets. ColdLar Wallet adopts the ideal of “Dimension Reduction Protection”, and it is composed of cold end wallet device and hot end APP.

The cold end is a hardware device, which looks like a cell phone without requiring a network connection, mainly responsible for building transactions and signing transactions. And the hot end APP need to connect to a network with broadcast transactions and query balances as its main tasks.

The unique structure of “Hardware Device Plus Mobile App” ensures that the private key will never connect to the network. The full set solution transmits the encrypted information by encrypted two-dimensional code or NFC, which can guarantee the absolute security of transactions.

The security storage solution of ColdLar is based on the security structure of ColdLar wallet. And it takes the secure storage and algorithm of the private key as its core, as well as relies on the strong research and development capability of ColdLar, for completely isolating the hacker attacks.

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Humaniq Doubles Number of Nations Where it Brings Global Unbanked Better Options

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London, September 20, 2018 – International FinTech company Humaniq today expands its global reach by launching the Humaniq app with full functionality –  wallet & crypto emissions – in a further  24 countries. The launch, from Asia to Latin America,  takes the total list of nations Humaniq App operates into 46. The expansion will provide both social and financial empowerment to the global unbanked population and widen the horizon for financial inclusion initiatives.

Launching the app in new continents with already close to half a million users onboard after less than a year Humaniq is ready for further rapid growth and achievements. As of today, the Humaniq App can be downloaded in 24 new countries: Republic of the Philippines, Myanmar, Sri Lanka, Papua New Guinea, Mongolia, Seychelles, Belize, Dominican Republic, The Bahamas, Guatemala, Honduras, Costa Rica, Venezuela, Guyana, Suriname, Paraguay, Oriental Republic of Uruguay, México, Albania, Montenegro, Macedonia, Republic of Serbia, Bosnia and Herzegovina, Republic of Iceland.

It is no coincidence that there are Southeast Asia and Latin American countries in the list of nations Humaniq now operates in. Humaniq will fill in the gaps in financial inclusion, bringing knowledge and skills that will help people to use financial products and services effectively and with a greater awareness of their rights and responsibilities in financial markets.

Today, there are approximately 1.7 billion people without any access to financial accounts, according to the World Bank’s Global Findex Database 2017 (Findex).…

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