Regardless of what many people think about casinos, they constitute a legitimate business that has to evolve by incorporating more innovative solution, particularly the blockchain technology. The idea of building the so-called blockchain bridge between brick-and-mortar and online casinos, offered by Pbet, is splendid because it will work for the benefit of both the establishments and the players. I am an avid poker player, and I know as well as anyone else, what tedious a process it is to withdraw the winning via the traditional channels like banks or popular online payment system. Pbet will make it so much easier for us to capitalize on our playings skills which is why I am in full support of this project.
I manage an up-and-coming casino in Vegas where we keep an open mind towards different innovations, including blockchain. We have been trying various monitoring systems and what not, but all of them had some flaws. For some time, our management has been playing around with the idea of implementing some blockchain solution but we couldn’t find the one that would provide us with a turn-key solution. That was before I stumbled on Pbet and their Unified Gaming Platform. To cut the story short, we have tested their platform and decided to give it a go, which means that we are now officially an online/offline casino.
I am not really sure how guys from Pbet are going to raise enough funds, because while their product has a definite value for the casinos, it offers zero benefits for the players. Although the $2 million softcap is not that unattainable, so they might pull it off. In any case, I consider Pbet to be a really niche specific project, investing in which is unlikely to bring any significant benefits, because the “gambling on blockchain” industry is moving right now in a slightly different direction. It is player-oriented, concentrated on developing provably fair casino products. Don’t get me wrong, Pbet is okay tech-wise, but it was designed solely for the casinos.
Pbet appears to have developed an interesting system that should help integrate the industry of gambling into the world of cryptocurrencies and the benefits that it can offer. Looks like gambling will be the next big sphere, after finance, where blockchain will get enormous traction, so it is always good to keep a keen eye on the projects like Pbet. The fact that they already have a working system used by many casinos is a definite plus.
We list the most relevant upcoming crypto market ICOs
SerenitySource is an Australian project that created a patented technology, which is based on the comprehensive use of blockchain and smart contracts. It allows the project to act as an energy retailer which gathers the data related to the household energy consumption.
13 days left
IdeaFeX is a French startup that created an innovative three-component investment platform where users conduct financial operations with tokenized physical assets. The components include a marketplace developed on the basis of the Ethereum blockchain, an auction, and the cryptocurrency exchange.
0 days left
Curate is a fashion discovery platform built on the foundation of the Ethereum blockchain by the international team of fashion experts, marketers, and blockchain enthusiast.
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It is widely known that the US SEC does not have a great opinion about cryptocurrencies. In fact, it believes that most of them are securities, and as such - unlawful, since they do not follow security regulations. This has been a cause...
After the ICO trend boomed back in 2017, it quickly started seeing its fair share of problems. Not only were there all kinds of projects emerging everywhere in the world - many of them weak...
When times get extremely tough, Bitcoin may come to the rescue. Proven by the people of Venezuela, a long-suffering country which is about to immerse...
In 2019, cryptocurrencies can be called the most popular financial instrument. High volatility of tokens creates a good potential for obtaining super-profits...
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The attack had a slight effect on the top ten cryptocurrency quotes, and the Binance Coin rate dropped the most. The largest cryptocurrency exchange, Binance...
Pbet Unifies Online and Offline Casinos Pbet offers a fully-fledged blockchain solution for the gambling industry that serves the purpose of connecting brick-and-mortar establishments with the project’s proprietary online products. The most appealing characteristic of Pbet is that this co...
|1||SerenitySource||Jul 13||Aug 31|
|2||IdeaFex||Jun 18||Aug 18|
|3||Curate||Aug 09||Aug 23|
|4||Ledder||Aug 01||Dec 31|
|5||DIPChain||Jul 19||Sep 20|
|6||Tixl||Jul 17||Sep 30|
|7||BitWings||Jun 03||Nov 30|
|8||Pbet||Jun 18||Dec 15|
|9||Arena Match||Aug 20||Aug 21|
|10||PrepayWay||Jun 01||Aug 31|