Not a fan of alts for gambling either. It WAS fun and seemed like a good idea at one time, now we all need to define digital money a lot better.
If you go to many of the gambling sites out there, people actually do place bets with coins other than Bitcoin. And right now its fairly cheap to send Bitcoin transactions, in the last 24 hours you could of sent a transaction with 1 sat/byte so basically a typical transaction could be as low as 250 sats if its 1 input and 2 outputs which is about 3 cents. However people still are using alts.
Gambling sites are realizing this and this is why they are adding alts, not because the bitcoin network is expensive to transact but because there are people out there that own coins other than Bitcoin.
So say there are 2 gambling sites, both featuring dice and say that one accepts Ripple and the other doesn't. Some gambler has a stack of XRP and doesn't own any Bitcoin, which site do you think they would deposit to? This way Stake would gain a customer.
This is the customers that they are targetting for. Many people sold their BTC since it quadruppled since the beginning of the year but many are still holding alts which didn't move by much.
business is business and as much as some of the owners like or dislike certain alts
if they see an open market that they are missing out on , they will not hesitate and add that coin
I understand and share actmyname's sentiment towards XRP , it is not even a proper crypto in my books
but , unfortunately , in this world money rule the world and if something is profitable and legal - it is going to be taken advantage of
in this case XRP happened to be one of the most deposited coins ( according to the Stake's representative in this thread ) , so I guess it was a good move from the business point of view
Almost willing to bet they dont keep XRP as an option...almost
The potential earnings on XRP compared to bitcoin appear SO low.
Someone betting 1XRP last week was betting $0.39, which is a $0.29 bet today.
Compared to 0.0001 BTC last week was betting $1.24, which is now $0.95 today.
Stake is the one gambling XRP stores value and that XRP/DOGE customers are equal value to a bitcoin gambling customer. It really isn't likely at all that businesses take this approach long term because these coins are just for traders to swap and ditch for quick profits on their race to the bottom. The cost to cater to more coins and customers who have random coins will take away from other things some of these sites could be doing to make the gambling experience better.
We shall see though, it's all gambling at this point.