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Author Topic: Is it beneficial for the crypto casinos to add stable coins?  (Read 353 times)
Timelord2067
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July 10, 2020, 06:13:57 PM
 #41

It will create more problems for the casino (and for you) probably.

... Stick with real crypto.

Agreed - having read this thread from top to bottom it's clear the stable coins have some issues that need attention, that's not to say they aren't great coins, but other cryptos are much easier to implement.  And, as long as you wager with those crypto, the price can yo-yo all day long, but your payout is still in the crypto you wagered with.

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July 10, 2020, 06:35:25 PM
 #42

Crypto gambling is booming because it allows gamblers and casinos to bypass regulations and bans, and as the result it even creates better terms for players, because it allows crypto casinos to have way lower house edge than the fiat money ones. Now when you add stablecoins, you'll either have to legalize yourself and rise your house edge due to higher costs of operating, and put obstacles for players like KYC and taxes; or risk getting all your stablecoin bankroll frozen.

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July 10, 2020, 07:45:35 PM
 #43

Gambling site adding stablecoins have been discussed before but majority believe the idea is not and said its better for gambler to play using altcoin like Dogecoin and it good that Cloudbet see it as a brilliant idea.
Meanwhile, the current stance of the world economy and cryptocurrency market changing it momentum simultaneously it is beneficial for crypto related gambling site to implement stable coin but the Tether adding by Cloudbet is still not a good choice because of it protocol.

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July 10, 2020, 08:08:48 PM
 #44

I think this will not be successful, although you need to look in practice. Until you try, you won’t know.

My personal opinion, it would be better if they tried to implement the blockchain platform instead of adding stablecoins.
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July 10, 2020, 08:11:07 PM
 #45

putting stable coins on gambling sites is a good concept IMO...
stable coins like USDT & USDC are not different from the usual dollar value, if a gambling site puts the option of choosing stable coins on their site it will definitely be very interesting, at this time I see there are no gambling sites that place stable coins CMIIW.



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