BK8 - Biggest and Most Trusted Brand. Asia's #1 Crypto online casino BTC & USDT - page 61.

Quote from: LUCKMCFLY on May 17, 2022, 09:41:44 AM

It is necessary to add more crypto payment method in order to be more competitive with other casinos and bookies. BK8 is few steps behind in this area compared to other competitors where most other casinos/bookies has more options. Coming up to bitcoin lightning network, I dont think they will add it because it is not popular among bitcoin/crypto gamblers so adding it wont worth the cost. As we all can see, most crypto casinos are not implementing it.

When BK8 was launched there were no plans to adopt crypto into their payment system that's why they don't provide many choices maybe they are considering some things
for example a price drop like this week imagine if they adopt crypto totally of course their asset value will decrease just look at the payment method available today is USDT which is quite safe from asset decline, I predict it will be difficult for BK8 to add more crypto payment.

That should be part or the business where there is always a risk for the casino side. They have adopted crypto as payment method, so basically they are ready for the risk. There is also bitcoin as one of deposit method, means that price changing is not something they are worried about. I also believe there is always a way to minimize the risk of price changing. They can simply use direct conversion of any crypto deposit to fiat like what is implemented by some casinos.

delfastTions

legendary

Activity: 2702

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I think that every casino should have a special accountant that keeps all its financial status and considers everything that is crypto, but it can never be left behind.

Obviously, such specialists work in such a large and now well-known casino as BK8. And for sure they are considering different payment options using cryptocurrencies.

Of course, it is interesting to know their opinion on the use of some stablecoins and, as they recall here above the use cases of BTC in the Lightning Network.
Moreover, I would like to read an objective vision of a devs casino, without any of our disappointments and regrets, for example, about "introduction / refusal to implement" LN?

LUCKMCFLY

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Quote from: BitcoinHunt3r on May 11, 2022, 03:23:58 AM

For me personally, maybe if there was an alternative stable coin deposit option like BUSD, this would be very helpful, considering fees on the BSC network is fast and cheaper than TRC20.

I am even personally more inclined to bitcoin lightning network for an alternative payment because of more cheap and fast. But of course, there is a need for more high-tech resources to develop the website. On another side, BK8 have a variety of payment right now, so I think it's not necessary to add more of a kind.

It is necessary to add more crypto payment method in order to be more competitive with other casinos and bookies. BK8 is few steps behind in this area compared to other competitors where most other casinos/bookies has more options. Coming up to bitcoin lightning network, I dont think they will add it because it is not popular among bitcoin/crypto gamblers so adding it wont worth the cost. As we all can see, most crypto casinos are not implementing it.

When BK8 was launched there were no plans to adopt crypto into their payment system that's why they don't provide many choices maybe they are considering some things
for example a price drop like this week imagine if they adopt crypto totally of course their asset value will decrease just look at the payment method available today is USDT which is quite safe from asset decline, I predict it will be difficult for BK8 to add more crypto payment.

You are right, if they include crypto, I imagine they have good backup, perhaps for BTC they have a different custodian, perhaps in those cases they can protect themselves, although the fall in prices is a common denominator, we can attest that in the world of BTC and cryptocurrencies these things are the common denominator, but just as many casinos have the option of crypto they have their ways of having it without being decapitalized, it is nothing more than having risk management well established.

I think that every casino should have a special accountant that keeps all its financial status and considers everything that is crypto, but it can never be left behind.

delfastTions

legendary

Activity: 2702

Merit: 1465

For me personally, maybe if there was an alternative stable coin deposit option like BUSD, this would be very helpful, considering fees on the BSC network is fast and cheaper than TRC20.

I am even personally more inclined to bitcoin lightning network for an alternative payment because of more cheap and fast. But of course, there is a need for more high-tech resources to develop the website. On another side, BK8 have a variety of payment right now, so I think it's not necessary to add more of a kind.

It is necessary to add more crypto payment method in order to be more competitive with other casinos and bookies. BK8 is few steps behind in this area compared to other competitors where most other casinos/bookies has more options. Coming up to bitcoin lightning network, I dont think they will add it because it is not popular among bitcoin/crypto gamblers so adding it wont worth the cost. As we all can see, most crypto casinos are not implementing it.

Here, in the "Gambling" section, our colleagues discuss, among other ways of using cryptocurrencies to play in the casino, such a promising option as using the Lighting Network. At the same time, users will not make unnecessary exchanges for various cryptocurrencies, respectively, they will not spend money on exchange commissions and will generally save. Of course, I understand the difficulties that a casino may have with the introduction of this form of payment. But I think this would attract more users who have bitcoin and do not want to bother with extra altcoins for them.
Perhaps the BK8 devs will think about this topic?

BitcoinHunt3r

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Leading Crypto Sports Betting & Casino Platform

For me personally, maybe if there was an alternative stable coin deposit option like BUSD, this would be very helpful, considering fees on the BSC network is fast and cheaper than TRC20.

I am even personally more inclined to bitcoin lightning network for an alternative payment because of more cheap and fast. But of course, there is a need for more high-tech resources to develop the website. On another side, BK8 have a variety of payment right now, so I think it's not necessary to add more of a kind.

It is necessary to add more crypto payment method in order to be more competitive with other casinos and bookies. BK8 is few steps behind in this area compared to other competitors where most other casinos/bookies has more options. Coming up to bitcoin lightning network, I dont think they will add it because it is not popular among bitcoin/crypto gamblers so adding it wont worth the cost. As we all can see, most crypto casinos are not implementing it.

When BK8 was launched there were no plans to adopt crypto into their payment system that's why they don't provide many choices maybe they are considering some things
for example a price drop like this week imagine if they adopt crypto totally of course their asset value will decrease just look at the payment method available today is USDT which is quite safe from asset decline, I predict it will be difficult for BK8 to add more crypto payment.

Bitinity

legendary

Activity: 3052

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For me personally, maybe if there was an alternative stable coin deposit option like BUSD, this would be very helpful, considering fees on the BSC network is fast and cheaper than TRC20.

I am even personally more inclined to bitcoin lightning network for an alternative payment because of more cheap and fast. But of course, there is a need for more high-tech resources to develop the website. On another side, BK8 have a variety of payment right now, so I think it's not necessary to add more of a kind.

It is necessary to add more crypto payment method in order to be more competitive with other casinos and bookies. BK8 is few steps behind in this area compared to other competitors where most other casinos/bookies has more options. Coming up to bitcoin lightning network, I dont think they will add it because it is not popular among bitcoin/crypto gamblers so adding it wont worth the cost. As we all can see, most crypto casinos are not implementing it.

Chikito

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