Review on CasinoCoin by Fabrizio Zampieri
CasinoCoin is an open source, peer-to-peer, cryptocurrency specifically…
CasinoCoin is an open source, peer-to-peer, cryptocurrency specifically designed for the regulated online gambling industry.
It's important to note that CasinoCoin identified a "specific" market that is the "online gambling" market (Online Casinos, Online Sports betting or other Online Gambling activities). This is crucially essential for the success of any project.
CasinoCoin was built on a modified code of Ripple. This allows CasinoCoin an ultra fast transacting property (<3 seconds) with a fee of less than a penny. CasinoCoin allows CSC tracking which will facilitate transacting between online gambling operators and serve regulatory requirements.
Being a payment method (NOT a platform) that can be incorporated in existing platforms of"O nlineG ambling Operators”,o wners of CSC coins would be able to enjoy playing withd ifferentr egulated operators that support CasinoCoin ,sw ftly, without the need for re-verification , and most importantly at a negligible cost.
The CasinoCoin wallet has already been introduced (IOSX, Android, Linux, and Windows versions).
It was founded also the CasinoCoin Foundation that provides marketing, promotion, technical innovation and governance for CasinoCoin, as well as providing educational resources to the gambling business to further knowledge of crypto in general.
Trustees represent years of experience, with a mix of deep online gaming experience and technical expertise. The advisors are C-level executives from the most established companies in the gambling industry.
Pros
- Advantages for users: - CasinoCoin gives users unprecedented speed, security, and control over their funds. - A typical transaction costs less than one penny and is confirmed in less than five seconds. Advantages for operators: - CasinoCoin gives operators access to a largely untapped source of players, fully vetted with clear KYC and AML procedures. - Incremental revenue with full visibility and security before a single bet is played. Advantages for regulators - CasinoCoin gives regulators complete visibility into source of funds in a way never previously possible. - The simple and intuitive UI makes it easy for non-crypto users to understand. Important partnership (CasinoCoin has recently partnered with “Jumio” an identity verification service provider that has been serving big clients such as Coinbase, IAMTN, 888.COM, WorldRemit and others. Jumio is the Identity Verification Service provider for 90% of the online gambling operators.
Cons
- Even if CasinoCoin is a specific and regulated project (it so important), there are many other projects on online gambling industry. Current CSC price is understimated.
