Online gambling platform mBit Casino is now supporting three new cryptocurrencies, which make it one of the first cryptocurrency casinos to accept Dogecoin as well as three out of five biggest cryptocurrencies in terms of market capitalization. Aside from Bitcoin, online players can now gamble online using other cryptocurrencies such as Dogecoin, Litecoin, and Bitcoin Cash.
Prior to this update, online players can only gamble using Bitcoin. With the emergence of new cryptocurrencies and altcoins, more and more cryptocurrency holders are diversifying their holdings with virtual tokens such as Bitcoin Cash, Dogecoin, and Litecoin.
Usage concerns with Bitcoin
The recent concerns associated with Bitcoin scaling such as slower verification times and increasing transaction fees have made it more difficult for digital currency owners to play online, mainly because online casinos are not supporting other emerging cryptocurrencies.
According to the Chief Executive Officer (CEO) of mBit Casino, Philip Aaker, this significant move is a response to the exceptional transaction fees in using Bitcoin and the blockchain is filled with a backlog of unverified transactions. By adding options for digital currencies such as BCH, DOGE, and LTC, online players can now use the casino with minimal transaction fees.
Aaker also hopes that the move will result in faster verification times and an easier gaming experience. He also revealed that by next year, the online gaming platform will add more currencies, such as Ethereum that is expected to be added as early as January 2018.
Online gambling is now easier with mBit Casino
Players who owned BCH, DOGE, and LTC who wanted to play in an online casino have to undergo a complicated process before. This involves selling their digital tokens for Bitcoins via a third-party exchange site, waiting for the trade to be verified, then sending the Bitcoins to their casino wallet.
mBit made the process easier because online players can now easily play video poker, table games, slots, and other popular games using their preferred cryptocurrencies without the need to convert them every now and then to Bitcoins via a third-party exchange.
After the funds are credited to your mBit Casino wallet, it will be credited as soon as the transaction appears on your preferred currency blockchain. After this simple process, you can now begin playing digital currency games without the previous hassles.