Greentube social casino is extending its partnership with CashBet to implement the CashBet Coin token throughout their GameTwist section. It is a revolutionary new step to add cryptocurrencies to the gambling industry.
On December 10, CashBet Coin announced the new partnership on Twitter. Greentube is the interactive iGaming brand by NOVOMATIC. Its latest deal with CashBet Coin will witness the addition of cryptocurrencies to its network of social casinos. GameTwist is the largest online gambling network in the world that consists of 400+ casinos and a variety of games.
The California-based CashBet is licensed by the Alderney Gambling Control Commission. It also has a license from the UK Gambling Commission (UKGC). GameTwist focuses on European markets, just like CashBet, which allows the two companies to work in tandem towards common goals. They aim to work in some of the most highly regulated markets in the region, like the UK.
CashBet is interested in creating a robust blockchain platform that can underscore a rich system of online casinos worldwide. Its president Ed Brennan noted that Greentube’s CBC implementation will help them create a blockchain-based alternative payment method for users in global gambling markets. He highlighted the need for an alternative payment system in the gambling industry and called CBC a good solution.
Greentube and CashBet first struck an agreement in 2018. Their latest deal extends their initial agreement to collaborate. Greentube customers will now be able to get credits to their accounts with CashBet Coin. Players could use the tokens for betting on their online games like bingo, casinos and slots, alongside a variety of card games.
Greentube CCO Roland van den Brink said that he is satisfied with the collaboration. He added that CBC naturally integrates with the company’s strategy of leveraging the power of blockchains to improve their customer experience. He applauded the versatility, utility and technical excellence of the CBC coin.
Casinos around the globe are looking at blockchain technology for creating robust gambling platforms free from manipulation and frauds. Ethereum and Tron are two of the most popular gaming blockchains today, with Tron gaining more prominence in the gambling sector. Established iGaming brands like BitStarz, Bitcasino.io and Bethereum have all underpinned blockchains in their products successfully.