Blockchain

London’s Exclusive Les Ambassadeurs Casino Bets on Dutch Blockchain Leaders LTO Network and Sphereon to Revolutionize Gambling

Published

2 years ago

April 14, 2022

Reading Time: 2 minutes

Dutch blockchain leaders LTO Network and Sphereon partner with the prestigious Les Ambassadeurs Casino. Today they announce the beginning of live trials for a world-first: using blockchain technology to revolutionize how the gambling industry works.

The team at Sphereon has built a solution that leverages the LTO Network’s privacy and GDPR-friendly Verifiable Credentials and Decentralized Identifier technology to allow casino players to transfer their winnings using verified identity credentials.

Les Ambassadeurs Casino is looking to LTO Network’s blockchain to enable an improved customer experience, enhanced safety and compliance, and reduced costs and administration.

This innovative solution, to be trialled this year, will provide a secure mode with verified EDD that will enable casino players to withdraw their funds or transfer their funds to another casino within the system. This approach will ensure greater security for the player and the casino operator when the player ‘cashes out’, reducing the reliance on ‘win’ cheques.

“It is essential that the casino business finds appropriate modern methods to transact with our customers in a way that is safe, enhances AML (anti-money laundering) compliance and improves the customer experience. Cheques are a 19th-century instrument. No one carries a cheque book anymore and banks have admitted that processing cheques, particularly those banked overseas, is an outdated and expensive process, and one that they are reluctant to continue with.” – David Livermore (Legal and Compliance Director, Les Ambassadeurs)

The novel approach will allow a player’s winnings to be stored in a stable-coin wallet. Other casino operators are then able to recognise the player and the associated stable-coin crypto wallet, and the player will be able to use those winnings to gamble.

“Gambling is one of the big drivers of technology. Over 20% of the world population gambles and the global industry is worth over $711 billion. As the real world and virtual world merge together, regulations are required, and our network is the premiere solution to be the new crypto-friendly backbone for how this world now operates.” – Rick Schmitz (LTO Network CEO)

A MODEL FOR THE FUTURE OF GAMBLING AND CASINOS

This will become a multi-casino solution. Les Ambassadeurs is conducting the first pilot with the aim of being an industry leader in a future where blockchain empowers regulatory-guided businesses.

“The team at Sphereon and LTO Network are a key component of the vision we have for a future where casinos are interoperable. Using this technology, we can focus on bringing players a world-class experience.” – Kevin McGowen (CEO Les Ambassadeurs)

Casinos are competitive businesses seeking to leverage the compliant regulatory framework offered by LTO Network’s platforms and Sphereon’s experience. This new and innovative approach will provide a more appropriate business and operating model for land-based casinos in the modern world.

“We are committed to using our expertise to deliver unique blockchain solutions that solve real-world problems.” – Sebastian Boender (Sphereon, Managing Director)

Blockchain

JuicyBet Launches Its Innovative GambleFi Platform

Published

5 hours ago

May 2, 2024

GamingAmericas.com

juicybet-launches-its-innovative-gamblefi-platform

JuicyBet, a Web3 startup, announced the launch of its GambleFi platform. This platform combines finance technology and gambling via blockchain to create unique opportunities and experiences for users. The company strives to revolutionize the principles of the online betting industry and the interaction between platforms and users in this market.

What is GambleFi?

GambleFi uses blockchain technology to ensure the fairness and transparency of games and betting outcomes and for players to get their share of the platform’s earnings and participate in its governance and day-to-day by holding its tokens.

How JuicyBet works

JuicyBet fully utilizes blockchain technology to establish a new ecosystem that has never been seen in the gambling industry. It is centered around user participation and transparency while providing gambling thrills and quality entertainment.

All game records on the platform are kept in a public blockchain, while a set of smart contracts automates gaming outcomes and payouts and provides for the platform governance via the DAO model. This reduces fraud risks and operational costs, making JuicyBet a more efficient platform.

However, the platform’s main feature is the unprecedented level of user engagement via the platform’s native tokens.

First, the tokens provide access to betting.
Second, token holders get their share of the platform’s profit.
Third, token holders can vote on key decisions on the platform’s development in JuicyBet DAO.
And finally, DAO participants can also perform the role of oracles for bets and earn rewards.

In other words, JuicyBet doesn’t try to be just another gambling platform. It establishes a new ecosystem where users are in control of the platform and bets and are the beneficiaries of the platform.

In addition, JuicyBet offers additional earning opportunities, such as Double Farming and staking for token holders.

JuicyBet has already been noticed by users and investors – the platform’s 3-month turnover has exceeded $1,5 million, according to on-chain data available via Dune, and multiple centralized exchanges and launchpads have listed it.

Blockchain

Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity

Published

1 week ago

April 25, 2024

Wladimir P.

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Reading Time: < 1 minute

Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.

This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.

Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”

This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.

The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.

Blockchain

HIPTHER Announces Major Expansion into Fintech, Blockchain, and AI, Reinforcing Its Position as a Diverse Industry News Leader

Published

4 months ago

January 9, 2024

George Miller

hipther-announces-major-expansion-into-fintech,-blockchain,-and-ai,-reinforcing-its-position-as-a-diverse-industry-news-leader

Reading Time: < 1 minute

Building on its established success in the gambling and iGaming sectors, HIPTHER Agency is excited to announce a significant expansion of its editorial focus into three dynamic industries: fintech, blockchain, and artificial intelligence. This strategic move is part of HIPTHER’s ongoing commitment to providing comprehensive, in-depth coverage across a spectrum of industries, including virtual reality, esports, and official global government releases.

Focused Expansion for a Diverse Audience

The expansion into fintech, blockchain, and AI represents HIPTHER’s dedication to staying at the forefront of technological and financial advancements. By integrating these sectors into the HIPTHER .com platform, the agency offers its audience a rich, diverse content experience, positioning itself as a one-stop destination for insights across these cutting-edge fields.

Enhanced Digital Presence and Accessibility

Complementing this expansion, HIPTHER continues to enhance its digital footprint. The agency’s Android app has already established a strong user base, and with the anticipation of an iOS app in 2024, HIPTHER is set to broaden its reach and accessibility. The agency’s social media channels are also being rebranded to reflect this expanded focus, ensuring a cohesive and comprehensive digital experience.

Unwavering Commitment to Quality and Insight

HIPTHER, known for its high-quality content in the gambling industry, extends this commitment to its new sectors. The agency’s team of experts and seasoned journalists is dedicated to delivering insightful, accurate, and timely information, catering to the needs of a diverse, global audience.

Zoltan Tundik, Co-Founder and Head of Business at HIPTHER, states, “Our expansion into fintech, blockchain, and AI is a natural progression of our mission to provide diverse, in-depth industry news. We’re excited to bring our expertise and quality content to these vibrant sectors, while continuing to serve our existing audiences with the coverage they trust.”

For more information, please visit HIPTHER.com