With this concept, players can use any crypto in combination with their CSC wallet to sign up and deposit via CSC at any partnered online casino.ĬasinoCoin was designed with gaming regulations in mind, implementing the latest Anti-Money Laundering and Know Your Customer technology. While the price has seen a steep drop, we should keep in mind the currency was never to be thought of as an investment, but as a currency for casino gaming. It currently has a trading volume of $98,422.06. CasinoCoin PriceĬasinoCoin started trading in 2017, reaching an all-time high of $0.535761 on its lowest price was $0.000051896948 on Jan 26, 2021. This was supported by XRPL Labs, with the team believing that the XRP Ledger, with its fast transactions, was the best option for gambling and betting purposes.
While CasinoCoin was originally created on a fork in the XRP ledger in 2017, in 2020, Eminence, the Casino Coin (CSC) team, decided to go back to the initial version of the XRP ledger protocol. Casino players would be able to use their CasinoCoin wallet for casino deposits, withdrawals, and maybe even for signing up at a casino site. If things work out the way CasinoCoin hopes, you might find the CasinoCoin payment method at licensed casinos in various jurisdictions (often ones that bar other cryptos). CasinoCoins could then be exchanged for real cash or other cryptocurrencies from your wallet, the latter of which would presumably be the CasinoCoin Lobby xApp or the XummWallet. In this vision, CasinoCoin would work as a casino chip that you can use at various casinos.
As a more or less stable crypto on the XRP ledger, you could easily transfer funds between the casino, your wallet and another casino, all while eliminating fees and drastically reducing transfer times.
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To do this, you would have to complete the required verification process, wait for your withdrawal to arrive at your bank account or e-wallet, and maybe even lose some funds to banking fees. Let's say you wish to play at several different online casinos – for example, you'd like to play slots at one casino, poker at another, and roulette at another.įor each, you would have to sign up and make a deposit to get started.īut what if you want to use your winnings from one casino to wager at another? The currency's built-in responsible gaming and regulatory features promise to provide unparalleled benefits to players, operators, and regulatory bodies. That's why we've built a customizable news feed to stream the latest stories right to your device.CasinoCoin uses the latest in blockchain technology on the XRP ledger to deliver near-instant transactions at a speed most cryptocurrencies can only dream of.ĬasinoCoin is not only a form of currency that can be bought, sold, and used by casino players, but is also a revolution in safety and transparency in an industry wrought with unlicensed operators. Now you can track your gains in style without compromising on features.īut numbers are only half the game.
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