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Why You Should Use an E-Wallet When Gambling Online

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e-Wallet

Thanks to the internet and technology, we all can play casino games anytime we want and wherever we are. Playing casino games remains to be the favorite hobby of many people, and in times like this, when the world is dealing with a pandemic, playing online is the safest way to continue this kind of hobby or entertainment.

Now, when it comes to playing online casino games, convenience always plays an important role. Part of this is ensuring that you safely make a deposit to your account and easily get to withdraw your winnings whenever you want to. 

When it comes to payment options, there are many that you can choose from. However, there’s one payment method that you should give a try if you haven’t tried it yet. It’s making use of an e-Wallet to make a deposit. Nowadays, there are many PayPal Casinos and other casinos that process payments made with e-wallets. If you haven’t tried it yet, here are great reasons why you should.

What is an E-Wallet?

Before we let you know what the benefits and advantages are, you first should understand what e-wallets are. An e-wallet sounds exactly what it is. It’s an online or digital wallet. This is where you can store your money electronically. This is also what you can use with most of your online transactions including purchases and sending money to other people who also have e-wallet accounts. 

Fortunately, many online casinos already have this payment option. Most online casinos offer this payment option through platforms like PayPal, Neteller, Skrill, Venmo, Google Wallet, Snapcash, and many other more. 

The Advantages of Using an E-Wallet When Gambling Online

Now that you know what an e-wallet is, here are the advantages of using any of them.

  • It’s easy and convenient

It’s so easy to sign up with these online platforms. However, you may need to follow a verification process and this is something good. Most e-wallet platforms would only allow you to create one account with them to make sure that all accounts are genuine.

You may need to disclose your personal information when signing up with them. Of course, to be able to make a deposit to your account, you will also have to enroll your bank information. This may sound scary to some, but this is only something that you have to do once. These platforms are much secured and you don’t have to worry about it.

  • It’s safe and secure

These e-wallets are encrypted so you can be sure that your transactions with them are safe and secure. Since you’ll need to follow a verification process to activate your account, you can be sure that these platforms prioritize your safety as a user. You can also use your e-wallet for other transactions and this makes it safer for you because you won’t have to keep on disclosing your banking information to all the websites you will be transacting with.

  • It gives you privacy

For most e-wallets, you will only need your e-mail address every time you make a transaction. Some e-wallets will only need you to disclose your wallet ID. This way, you don’t have to disclose your banking information to the online casino operators. It gives you privacy and your actual bank won’t get to track your gambling activities too. 

That is something that many online casino players want because there are banks that are very strict when it comes to any gambling-related transactions. It could be very frustrating for many people to directly use their bank accounts when gambling online and so using digital wallets or e-wallets makes things less hassle or even hassle-free. 

  • Transactions are made quick

Transactions made with e-wallets are processed instantly. If you will need to send money to a wallet address, the money you send will be processed in just a few seconds. This is even if your transaction is gambling-related. For some banks, such a transaction might take a few business days to be processed because approvals are necessary. This is something that you don’t have to deal with when you are using e-wallets.

Many online casinos are based offshore for good reasons and even if that is the case, you can still use your e-wallet to make a payment overseas. You can also easily convert your money to a different currency. However, know that most of the time, e-wallets have their own currency exchange rate and this is typically lower than the actual exchange rates.

Image by Gino Crescoli from Pixabay

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Launch of First Ever XDB/ZUSD Pairing Announced to Support Global Gaming Industry

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The XDB Foundation has recently announced the first pairing of XDB with the new Zytara Dollar  (ZUSD) on global cryptocurrency markets. The Biki cryptocurrency exchange will be one of the first platforms to provide access to the XDB/ZUSD trading pair.

“We are really excited to see the debut listing of the XDB/ZUSD trading pair,” says Michael Gord, the XDB Foundation’s Managing Director,  “Asia-Pacific accounts for a significant portion of the global gaming community, almost 50%, and BiKi is perfectly situated to support this geography.  We’re really happy to welcome them into our partnership ecosystem.”

The protocol layer blockchain DigitalBits is designed to support branded stablecoins and other branded currencies across a variety of use cases, offering crucial support to the global esports industry. The platform solves many of the issues involved in global tournament prize payouts, as well as enabling around the clock real-time payment transfers and global monetization of in-game currencies. Developers will also be able to create programmable incentives for gamers, therefore increasing fan engagement. 

Issued by a regulated financial institution, the ZUSD is designed as currency for the future of the gaming and esports industry and beyond. The programmable dollar moves anywhere in the world at the speed of the Internet, and is redeemable…

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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