It was recently revealed that www.bitcoincasino.io, one of the leading cryptocurrency online casinos, now affords its users the opportunity to deposit and withdraw with Litecoin.
Litecoin Adoption Has Pleased Cryptocurrency Enthusiasts
The move to accept Litecoin (and several other non-Bitcoin cryptocurrencies) has been positively received by both bettors and financial experts, the former because of the increased buy-in and cash-out flexibility, and the latter because more widespread support for various cryptocurrencies has long been believed to be an important part of the industry’s growth and adoption.
Litecoin was founded in 2011, not long after Bitcoin debuted on the world stage, and Litecoin’s flexibility and reliability were quickly appreciated by investors and users. Today, the coin, which is technically similar to Bitcoin, maintains a solid market value—particularly in terms of its overall availability. (For reference, though Litecoin costs less than Bitcoin, there are approximately four times as many of the former in circulation presently.)
BitcoinCasino Has Adapted to Changes in the Crypto Market
BitcoinCasino.io, as one can gather from its name, is a full-service online casino that deals exclusively in cryptocurrencies. The online platform initially accepted Bitcoin, but as additional coins have developed both in scope and popularity, they too have been added to the website’s stable of accepted payment and withdrawal options. Litecoin is one of several recent additions to the collection of cryptocurrencies supported by BitcoinCasino.io. To view an updated list of the various crypto coins that are accepted at BitcoinCasino, one can simply visit the website’s deposit and withdrawal section; clear-cut deposit and withdrawal instructions can also be found here.
Broadly speaking, crypto casinos have become successful for a variety of reasons. First, cryptocurrencies can be sent and received in a short amount of time, relative to traditional currencies. Next, cryptocurrencies are subject to far fewer regulations and laws, gambling-wise. American gamblers in particular have been forced to overcome a plethora of limitations when placing online wagers, since several statues were enacted by the federal government in 2006. Depositing and withdrawing is much simpler with cryptocurrency.
BitcoinCasino.io’s adoption of Litecoin comes at a time when more businesses and companies, including some of the most well-known brands in the world, are accepting Bitcoin and other cryptocurrencies for payment.
The number of cryptocurrency users nearly doubled in 2018, and there are presently more than 7,000,000 active users of Bitcoin in the world, with many users of other cryptocurrencies yet also supporting the industry. Cryptocurrency is simple and easy to use, is unregulated by a central banking entity (and is therefore unaffected by market fluctuations brought on by parties other than consumers), and is usable throughout the world. Thus, in a way, Bitcoin, Litecoin, and other cryptocurrencies are the first global currencies in human history.
It remains to be seen how Bitcoin, Litecoin, and other cryptocurrencies will further amplify their reach and appeal in the coming months and years. However, industry experts have cited the aforementioned near-doubling of crypto users in 2018, the widespread commercial adoption of crypto (at numerous companies and organizations, including but not limited to BitcoinCasino, Newegg, and Microsoft), and several other factors as proof that the industry is set to enjoy continued growth.
Bettors do not have to wait to use Litecoin and other non-Bitcoin cryptos on BitcoinCasino.io. At the time of writing, Litecoin support is completely functional.