Beta testing of Elray Bitcoin casino

Elray Gaming has announced it begun to beta test its new Bitcoin casino prior to officialy launching. Bitcoin is a virtual currency with no central regulation but rather regulated via peer to peer exchange. In just four years, Bitcoin’s value has risen from $0.50 to over $203.

Elray Gaming has integrated a Bitcoin processing system to its propietary casino platform and is now beta testing the integration. The casino will offer all popular gaming categories like poker games, table, card and dice games, sports and virtual horse racing available for wagering with Bitcoins. At the moment, the most important part of the testing is to ensure that all Bitcoin transactions are safe and secure and to guarantee players a trusted gaming platform.

Elray Gaming CEO, Brian Goodman, said, “If you had invested $50 into Bitcoins in 2009 your Bitcoin value would now be over 2 Million USD. Bitcoin is a unique opportunity and is gaining more and more momentum and traction, even within the physical world; it is now possible to actually spend Bitcoins without exchanging them for traditional currency. I expect more and more demand and internet usage of the Bitcoin and as such we are developing unique products that will allow online operators of gaming products to accept Bitcoin as a form of payment. There are currently only approximately 12 Million Bitcoins in Circulation and the demand is increasing every day therefore driving the price higher. Demand is fuelled primarily by the ease of use and the growing acceptance on the Net.”

Recent Posts

UK Gambling Commission issues a £6m fine to online operator Casumo

The UK Gambling Commission has issued a £6m (EUR 7.0m / USD 8.2m) penalty to online operator Casumo for severe…

3 weeks ago

Dutch Remote Gambling Act comes into force April 1

The Dutch Gambling Authority (Kansspelautoriteit/Ksa) expects that by October 1 this year, roughly 6 months from the enactment of the…

4 weeks ago

888 Holdings report a staggering 52% increase in revenue during 2020

Amidst a global pandemic, 888 Holdings has reported a staggering 52% increase in revenue during full-year 2020 to $849.7 million…

4 weeks ago

Playtech and Flutter shake hands on another 5 years

Playtech, a leading global gambling technology company, have announced the extension of their partnership with Flutter Entertainment for its Paddy…

4 weeks ago

Will FUN Token be on solid ground in iGaming?

FreeBitco.in, a large online (crypto) casino is ambitious and is looking to turn the FunFair (FUN)Token into the token of…

1 month ago

Has Swedish regulation failed?

Gustaf Hagman strongly believes so. In a recent interview with Gambling Insider, the LeoVegas Chief Executive Officer expressed his concern…

2 months ago