As the world of crypto and gambling continues to come together, several companies are beginning to reap the fruits of it. This is one of the fastest-growing sectors making it a key target for several businesses. Lots are succeeding. Recently, BC.GAME which is one of the fast-rising operators in the world of crypto-powered gaming has been all the buzz.
The company’s ambitious plans to extend its footprint are well on the course thanks to a recent development. It officially received a gaming license from the Curacao Interactive Licensing N.V. That makes it an officially regulated online casino and is a huge milestone for the company as it pursues full compliance.
This is a very big deal. The company has even gone as far as publishing its new license to the Interplanetary File System (IFPS). This platform allows for the storage of files securely in a blockchain in a manner that allows ownership to be easily proven through a private key. It also means that the file cannot be tampered with or even used for unintended purposes.
Speaking on the new development, BG.GAME COO Chris Butler noted the company’s new status as a regulated iGaming operator opens doors for opportunities. For instance, the operator will now be able to offer thousands of third-party games from leading game developers across the globe. In addition to that, the license also creates room for further ventures. A sportsbook and a live dealer casino offering seem to top the list.
Huge Win for Crypto Gambling
As much as crypto-powered online gambling has grown over the years, it still has a long way to go. The BG.GAME development acts as a beacon of sorts that will likely kick off more growth. It is very difficult for crypto-only casinos to obtain gambling licenses but this is changing. Now that the company has proven that it can be done, many more will probably follow.
BG.GAME currently supports deposits and withdrawals using over 50 different cryptocurrencies which is very impressive. Even the casino businesses that have been around for decades have not been able to pull that off. Understandably, the crypto gambling scene is still picking up pace. We just must appreciate the small wins and acknowledge their role in pushing the whole industry forward.
It is also worth noting that this goes well beyond gambling. A license essentially affirms the legitimacy of crypto use. This should also be a decent way of showing more people that many existing digital currencies are viable and ready for mainstream use.