Barely a day goes by without Bitcoin hitting the news right now. From the impressive gains over the course of 2017, to the adoption of the currency by mainstream financial institutions and talk of a bubble that is primed and ready to burst, there are clearly varying levels of confidence. One group of people that clearly are optimistic about how the cryptocurrency is to fare is the management team at SkillOnNet.
SkillOnNet is one of the first major gaming brands to adopt Bitcoin as a payment method. There has been no shortage of Bitcoin casinos for fans of the currency to play at, but they have generally been purpose built gaming brands that focus on Bitcoin as the currency of choice – with some even offering the currency exclusively. With many of these brands opting against official regulation, instead relying on the anonymity of the cryptocurrency to reassure players, SkillOnNet’s adoption of the payment method immediately sees the brand becoming one of the safest places to play with such an option.
For SkillOnNet itself, the addition of Bitcoin expands what is already one of the most robust selections of payment methods in the industry. Cryptocurrencies join the trusty debit and credit cards, along with Skrill, Neteller, Trustly, zimpler and PayPal among the options at casinos in the group.
The Bitcoin accounting process is to be handled by Cubits, Europe’s leading cryptocurrency processing platform and an exceedingly reputable name. The partnership will also assist SkillOnNet’s ambitions to introduce additional cryptocurrencies into the mix in the near future too, as Bitcoin looks set to be the first of many additions to the banking options on offer throughout their portfolio of brands.
Speaking on this new option, Michael Golembo of SkillOnNet said: “We believe that Bitcoin and other cryptocurrencies will become hugely popular payment methods for online casino players in the coming months and years, so we wanted to offer it now.
“We are already seeing an impressive number of players deposit and withdraw via Bitcoin, and if this continues we will look to add more cryptocurrencies to meet demand. It is the way the payments industry is going, and we want to be ahead of the game.”
Ahead of the game they most certainly are, as few other major gaming brands currently allow players to fund their accounts using Bitcoin. This also means that SkillOnNet is well positioned to have a greater insight into player habits regarding cryptocurrencies than anyone else; as one of the only prominent brands that accept such payments, players are likely to flock to them over alternative options and the company should be able to adequately gauge the demand for support for Litecoin, Ethereum, Dogecoin and others. It is a potentially bold move, as Bitcoin is probably worth a different amount of dollars right now to when we started writing this post, but we get the impression that such volatility is a risk that SkillOnNet is willing to take, especially if it sees an influx of new players.
If the news has caught your eye and you’ve been looking for somewhere to gamble your crypto cash, then you’ll be pleased to know that the SkillOnNet brands are fully featured online gaming experiences with plenty to offer. Slots Magic is probably our favourite of them all, but that primarily comes down to the attractive purple theme – all of the brands offer upwards of 800 slot games from leading developers like NetEnt, Microgaming, Yggdrasil and more. The brands are licensed and regulated by the Malta Gaming Authority, and also the Gambling Commission for casinos that face UK players, so it goes without saying that this could well be the safest way to play with Bitcoin that we have seen so far – currency fluctuations notwithstanding!