IGT to use Bitcoin, BitcoinCash and Ether. And why it will be more bullish on BitcoinCash side.
International Game Technology plc, which develops casino slots and other technology, has yet to announce any plans to incorporate bitcoin, bitcoin cash and ether into its technology. But Tuesday's latest patent provides a way for HODLER-gamblers to pay for their bets on any of the three.
As defined in the United States, Users of the IGT method of patent and trade mark office filings will be able to pass cryptocurrency as a form of payment into their gaming accounts. There, after paying a tax, the crypto will turn to fiat currency.
IGT's filings include sketches of a deposit placement cell phone application as well as a slot machine that would potentially promote the actual bet. A live Bitcoin wallet address that IGT seems to have set up but never used was included in one drawing.
The patent, however, is not limited to slots machines; instead, it also includes the means to transfer crypto into the account of the gambler. Theoretically, IGT could carry out a now-patented crypto funding method through all of its digital gambling platforms. In slots, lotteries and the burgeoning sports-betting scene, the business has stakes.
IGT also announced on Tuesday that the influential Gaming Control Board of Nevada had approved its plans for a cashless wagering system that allows gamblers to finance bets with a tap of their phone on slot machines and table games. On crypto incorporation, the announcement was mum.
Thoughts
This is more bullish on the side of BitcoinCash. Why? Think about this, If ever this plan of IGT comes into work, what will they do about transaction speed and transaction fees of the other two cryptocurrency that is mentioned above?
So I think, ButcoinCash will be the best bet of gamblers to use in this scenario.
BitcoinCash to the moon.
Lets get bullish