EOSBet, the decentralized betting platform is looking to surge its adoption through a recent launch of its account system features for accepting Bitcoin payments. with the latest development, the company has officially become the first on-chain casino to accept Bitcoin.
EOSBet platform received its Bitcoin operation license from the most trusted regulators and officially became the only decentralized casino accepting Bitcoin payments. The happiness over the grant of the license was evident from the title of the announcement which read, “The world’s largest decentralized application by volume and transactions.”
Getting a regulatory license for the casino is a big deal given the issues the biggest roadblock in crypto adoption is regulators and their inability to form a well-developed framework. Even after the licensing, using crypto as payment could be quite a headache, like converting one crypto to another, the fee of the transaction and of course the security vulnerabilities. However, EOSBet seems to have found a solution to all the above-mentioned issues in the form of an “Account System Features,” which the company believes would eliminate the majority of the hurdles.
What Does Account Feature Do?
EOSBet’s new on-chain Account System feature promises to eliminate the basic problems of third-party custodial services. Using this feature the users can deposit any currency of their choice, they also have complete control over their deposited funds. Since the system is decentralized, the users can also expect security of top notch, which will verifiable just like any other distributed ledger system.
The on-chain casinos will be available to anyone looking to make their payments in crypto whether they are novice or professionals. The creators also promise a hassle-free signup process which is a mere two-step authentication, unlike many other traditional gambling platforms.
The Ever-Increasing Bitcoin Betting Market
The Bitcoin betting market is thriving and growing in leap and bounds, and EOSBet has banked on it by offering Bitcoin betting services. A user can either make use of EOSBet tokens or go for direct Bitcoin deposits to bet, and they have the option to withdraw their earning at any given time.
Making EOSBet Bitcoin enabled, the company has become one of the first to on-chain casinos to provide such a service. This also propelled its case in becoming the leaders in Bitcoin betting market. The EOSBet team has also planned of adding other crypto betting services like BCH, BSV, LTC, DASH, DOGE, ETH, TRON, and XRP in near future.
Looking at the current progress of the EOSBet and its bullish nature towards making crypto betting a norm, the company is set to become the leaders in decentralized casinos and crypto betting schemes.