Interview with Stake.com CEO Reveals Plans for Tether Betting + New Games. - page 3.

Saint-loup

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Quote from: TheBitcoinStrip.com on June 10, 2020, 03:13:47 AM

Recently The Bitcoin Strip sat down with the CEO of Stake casino to find out what players can expect from Stake in the coming months. It appears that Stake.com has some exciting developments on the horizon, including a selection of new games and the possibility of an impending release of Tether (USDT).

Read the full interview here: https://thebitcoinstrip.com/interview-with-stake-ceo-mladen-vuckovic/

It would be better if they could accept Tether Gold too because stablecoins pegged to fiats are not considered as cryptos in some countries, their use can be illegal there or prone to heavier taxation.

pakhitheboss

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Stake.com already has integrated 8 cryptocurrencies now with the addition of Tether it will have 9. Since Tether is a stable coin the actual earning will be pegged to the correct dollar value. Which is good as the dollar value never remains the same when you are betting with cryptocurrencies.

BitcoinTurk

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Quote from: smyslov on June 18, 2020, 07:46:49 AM

Quote from: TheBitcoinStrip.com on June 10, 2020, 03:13:47 AM

Recently The Bitcoin Strip sat down with the CEO of Stake casino to find out what players can expect from Stake in the coming months. It appears that Stake.com has some exciting developments on the horizon, including a selection of new games and the possibility of an impending release of Tether (USDT).

Read the full interview here: https://thebitcoinstrip.com/interview-with-stake-ceo-mladen-vuckovic/

I'm ok with adding more games that's welcome news for every players, but I don't think I will use tether to bet, I prefer Doge Xrp and Bitcoin but why Tether when there are a lot of good coins in the market which you can play with small denominations, they should start accepting new coins or do a poll and ask people what new coins they want to be added.

Why don't you want to gamble in fixed currency? Is your opinion here that your BTC balance will not increase while actually increasing your USDT balance? For example, if Bitcoin price rises when you bet with USDT, you don't want to play because you will earn less BTC? Yes, in fact, if this is the answer, you are right, but it should not be forgotten that many players want to bet with USDT and the websites that offer this service are now preferred. So, many online betting services are now forced to provide this option, and a large number of users are happy with it. Of course, as I mentioned in my previous sentences, users who do not want to gamble in this way have very valid and justified reasons.

Wexnident

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They're only "thinking" about adding Tether betting tbh. Stake said it himself, the development in the next 12 months would mainly be an addition to the number of games available plus a few minor improvements for the live sports betting. Stake was just probably humoring the question tbh. It wasn't really "introduced" by him but rather was forced to answer because of the interview. Still, imo though, not much difference in playing with Stable coins or Crypto.

MCobian

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Stake.com is indeed one of the gambling sites that always hears the wishes of its users, so it's no wonder Stake.com will soon release
betting with USDT. Stake.com to my knowledge the first gambling site that will provide stablecoins for betting. This is positive news,
because in my opinion the more choices of coins for betting the better. This will be a plus for Stake.com to attract new users.

smyslov

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Quote from: TheBitcoinStrip.com on June 10, 2020, 03:13:47 AM

Recently The Bitcoin Strip sat down with the CEO of Stake casino to find out what players can expect from Stake in the coming months. It appears that Stake.com has some exciting developments on the horizon, including a selection of new games and the possibility of an impending release of Tether (USDT).

Read the full interview here: https://thebitcoinstrip.com/interview-with-stake-ceo-mladen-vuckovic/

I'm ok with adding more games that's welcome news for every players, but I don't think I will use tether to bet, I prefer Doge Xrp and Bitcoin but why Tether when there are a lot of good coins in the market which you can play with small denominations, they should start accepting new coins or do a poll and ask people what new coins they want to be added.

LogitechMouse

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A promotional site coming from him and its obvious already.

Quote

TBS: There is currently no stablecoin banking at Stake, is this something we can expect soon?

Stake: This has been hotly requested from users since a lot of players feel like they are gambling twice by holding crypto. Tether is definitely something being considered by the team, we typically poll players to decide what currencies to add and this has been on our radar for a while.

The Subject is a clickbait too. Base on the quote that I did and it came from the link too, they didn't said that they will not add tether directly but they are considering it so it will is still a ? if they will add it or not.

ethereumhunter

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Quote from: aioc on June 17, 2020, 01:35:40 PM

Quote from: ethereumhunter on June 17, 2020, 05:42:04 AM

Although that is good news, I don't think that it will encourage the gambler to use stable coins because I prefer to use altcoin, which I already used for a long time ago. Every penny will be too worth for me, and I guess that I will have a minimal amount to place the bet, and that means I can lose more money if I use a stable coin. If I compare with Dogecoin, I can use 0,0001 Dogecoin - 1 Dogecoin or more, and that is the very little amount in USD Grin

You have a good point, those that are going to use Tether are big players who will not bet lower than $1, not for me either when I am losing I prefer to bet a very small amount of coins so I can extend my playing time and enjoy the game more I even bet 40 sats on Dice game, but the more coins that they will added the better options for players.

You are right. What I think now after reading your reply was, they can invite more big players who have a lot of money to play on their site, which I am sure that can lead big funds to gamble. They can make a big profit from the big player because I am sure that those players will use a lot of money to play many gambling games, and they will stay for some time. If that is a success, they can encourage the other gambling site to add tether too in their website.

aioc

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Quote from: ethereumhunter on June 17, 2020, 05:42:04 AM

Although that is good news, I don't think that it will encourage the gambler to use stable coins because I prefer to use altcoin, which I already used for a long time ago. Every penny will be too worth for me, and I guess that I will have a minimal amount to place the bet, and that means I can lose more money if I use a stable coin. If I compare with Dogecoin, I can use 0,0001 Dogecoin - 1 Dogecoin or more, and that is the very little amount in USD Grin

You have a good point, those that are going to use Tether are big players who will not bet lower than $1, not for me either when I am losing I prefer to bet a very small amount of coins so I can extend my playing time and enjoy the game more I even bet 40 sats on Dice game, but the more coins that they will added the better options for players.

ethereumhunter

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Although that is good news, I don't think that it will encourage the gambler to use stable coins because I prefer to use altcoin, which I already used for a long time ago. Every penny will be too worth for me, and I guess that I will have a minimal amount to place the bet, and that means I can lose more money if I use a stable coin. If I compare with Dogecoin, I can use 0,0001 Dogecoin - 1 Dogecoin or more, and that is the very little amount in USD Grin

TheUltraElite

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So anyway, I applied as a merit source :)

This interview is nothing but a promotional topic. You guys understand why they approach big names in cryptos for interviews and not the other way round? Its because they want traffic to their site and above all the title is misleading.

Stake is not having plans for adding Tether. Of course it has been requested a lot of times to their staff to add stablecoins by none other than stablecoin shills but the final decision making does comes from the higher ups. When they are going to say something on interview, they will say something in a blanket manner which is what was done here.

StephenJH

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Quote from: Captain Corporate on June 10, 2020, 03:26:24 PM

Legality wouldn't really be a trouble if you could manage to just be like stake which has license from some curacao or whatever island thing like many other casinos. The company itself could be "banned" in some nations but they already make you not play there if you are from one of those nations anyway, you get blocked if you are from those nations and not allowed. So the legality is already as gray as it gets without any trouble, both because they do not allow you to gamble there and because you can use vpn and also they are from some weird nation licensed as well, all of these combined make it sort of legal or even if illegal, they do not have to care at all.

If they caught you are using VPN then the special treatment will be the case for the specific customer. The Stake sports betting side is good in terms of live betting choices and odd juice but the geolocation-based preventions are useless unless lucky gambler is able to withdraw the earnings. The new accounts can't withdraw to the new address after deposit because the strict KYC requirement will be asked by senior management, from my own experience.

Captain Corporate

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Legality wouldn't really be a trouble if you could manage to just be like stake which has license from some curacao or whatever island thing like many other casinos. The company itself could be "banned" in some nations but they already make you not play there if you are from one of those nations anyway, you get blocked if you are from those nations and not allowed. So the legality is already as gray as it gets without any trouble, both because they do not allow you to gamble there and because you can use vpn and also they are from some weird nation licensed as well, all of these combined make it sort of legal or even if illegal, they do not have to care at all.

BitcoinTurk

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In line with the increasing user demands, many online crypto casino services have started to announce that they will provide games with USDT (Tether). In fact, this had to happen much earlier. Although it is a very late decision, I would like to point out that it is a very good move because people prefer to gamble online in today's conditions.

bittraffic

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If you have been playing for a while, some casinos already have USDT on them where you can even withdraw the USDT to your wallet from the casino. I'm not sure if bethash.io did have legal trouble adding it to their casino, but its certainly is there long before I discover them. I didn't find USDT to some though. I have played on crypto.games which there are a number of altcoins accepted even GAS of NEO is accepted but no USDT.

el kaka22

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It is going to be a rough challenge to add tether into stake because when you do that you are also allowing people to gamble with dollars. It is not exactly dollars I know that but it is something that represent dollars so it would be same as chips in casinos for example, they are not spendable anywhere else but they do represent dollars in value.

So, it might create some sort of legal troubles for stake team but they are already fine with banning many nations (since people could use vpn to come play anyway) so I assume they will just let users deal with the regulations and overcome it instead. Also I do not want to be wrong but I remember just-dice could be the first place with the off-chain system, not sure about this so someone has to go take a look but I remember it that way.

shoreno

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ah finally a casino that are now going to support stable coin . stable coin is one of the coin that are being requested the most by gamblers and surprisingly only less casinos supports it till this date . stake is one of the good casino with active community so they prolly listen to what thier costumers suggestions . aside from the incoming support for stable coin , they are also going to add a new game again ? but they already introduce a new game called slide last week if im not mistaken . still cool so that people will have many options to choose from

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Quote from: Tipstar on June 10, 2020, 11:09:44 AM

Glad to see a well established platform like Stake starting to accept stablecoin. Hope this would be a feature every gambling site would like to implement.

Not necessary for every gambling site. Useless to add something if it's not be used most of the time.

Stake.com will add Tether because according to them, it was hotly requested by their players since they feel like they are gambling twice by holding crypto.

Quote from: Tipstar on June 10, 2020, 11:09:44 AM

Implementing stable coin would further attract traditional gamblers who are not at ease on using crypto.

However, traditional gamblers will always look at Tether as no different from other cryptos.

I don't think these traditional gamblers will show interest shifting into crypto-gambling site just because of the Tether betting feature.

robelneo

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Quote from: TheBitcoinStrip.com on June 10, 2020, 03:13:47 AM

Recently The Bitcoin Strip sat down with the CEO of Stake casino to find out what players can expect from Stake in the coming months. It appears that Stake.com has some exciting developments on the horizon, including a selection of new games and the possibility of an impending release of Tether (USDT).

Read the full interview here: https://thebitcoinstrip.com/interview-with-stake-ceo-mladen-vuckovic/

Stake.com has come a long way I participated in their signature campaign when they started here and I still play on their platform, I like the design and interface, of course, the bonus that they are giving from time to time in the form of free coins and spins, this is a great move by Stake they already have a lot of games and adding more will get the players to stay longer because of the many games that they can play, adding Tether is also a good move, now players have a lot of coins as their option to deposit.

Tipstar

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Glad to see a well established platform like Stake starting to accept stablecoin. Hope this would be a feature every gambling site would like to implement. Though that would depend on how successful the tether deposit on stake goes, but I'm quite certain it would be larger than many of alts on stake.
Implementing stable coin would further attract traditional gamblers who are not at ease on using crypto.

Topic: Interview with Stake.com CEO Reveals Plans for Tether Betting + New Games. - page 3. (Read 933 times)