Coingaming Casinos Make Pioneering Switch to Microbitcoins (µ฿)

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If you go back a few years when Bitcoin was worth much less than $500, paying at a casino with the cryptocurrency by using BTC or mBTC denominations made perfect sense. But since Bitcoin rose to staggering highs last year and has stayed around $8,000-10,000 per coin for much of this year, using BTC or mBTC (currently valued at $.8.23) may not be as practical to players who like to play only with small stakes. This is why the Coingaming Group – operators of Bitcasino and Sportsbet – decided to make a revolutionary change to their sites and introduce an industry-first option to wager in microbitcoins (µ฿).

The First Casino to Allow for Greater Bitcoin Flexibility

News of the switch surfaced a few days ago when the Coingaming Group issued a press release informing all promoters and players therefore of a new change to their sites. Reportedly, the operators did this to give their new and existing players greater flexibility over their bets as well as open the platform to a wider range of punters who might not want to spend bigger sums of money on gambling.

The microbitcoin units, or “bits” as they are also called, are 1,000 smaller than mBTC (m฿) or millibitcoins. With this denomination, players can now convert a single Bitcoin coin to 1,000,000 units and vary the amount of money they spend much better than when using higher denominations.

According to CEO of Coingaming, Tim Heath, with this change the operators wanted to ensure that every game or sport product Coingaming’s sites have to offer is made “accessible to all types of customers”. Reducing the units to µ฿ was the “ideal way” to achieve exactly that, he feels, and it also helps the gambling sites to keep the customers at the “centre of [their] universe”.

Heath adds that Bitcasino and Sportsbet users can now wager more by using the same money, which is expected to stimulate even more customers to register with the sites as well as give existing users better play time and flexibility.

Now Live at Bitcasino and Sportsbet

Bitcasino and Sportsbet were overhauled last year by the Coingaming group to provide users with an exceptional betting experience as well as intuitive and smooth navigation. Since the re-launch of their sites, the operators have frequently made headlines thanks to their creative promotional ideas and never-ending thirst for improvement which gave birth to this latest change.

The main casino site of the group, Bitcasino, now offers a stylish new platform that was built to give both desktop and mobile users a seamless playing experience enriched with over 1,300 different games, including the casino’s very own branded live tables. A wide selection of live and virtual table games await any registered user at the site while the slot collection is even more imposing, offering hundreds of slots from NetEnt, Booming Games, Betsoft, Pragmatic Play, and Microgaming, to name only a few.

Coingaming’s Sportsbook, Sportsbet, is no less impressive, offering a wide range of markets, unique betting options like Player Props, as well as stimulating promo offers and a casino platform for anyone that hasn’t already switched to Bitcasino. Thus, if you want to see what betting in µ฿ looks like on a top online platform, feel free to check out Sportsbet or visit Bitcasino.

May 16, 2018: • No Comments

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