Brock Pierce Announces Dollar-backed Cryptocurrency 'Realcoin'

Bitcoin entrepreneur Brock Pierce has announced the launch of 'realcoin', a new cryptocurrency backed by the US dollar. Realcoin aims to bring the advantages of the bitcoin protocol to the dollar, meaning it can utilise the bitcoin network for low-cost transactions without a third party, but it is backed on a one-to-one basis by the company's dollar reserves. The approach is ultimately aimed to eliminate volatility, but will help prevent confusion over divisions of higher-value coins like bitcoin too - as one dollar will be worth one realcoin, rather than 0.001608 BTC at the current price.

Realcoin is a new startup based in Santa Monica startup claims to have produced the very first dollar-backed crypto currency. Brock Pierce Unveils Realcoin to Fix Bitcoin’s Volatility Concerns. If the company succeeds, the new currency has great chances of exploiting the direct payments network and inexpensiveness of Bitcoin while evading its tremendous volatility.

Realcoin later Rebrands as 'Tether' to Avoid Altcoin Association. Realcoin has officially announced it will rebrand as 'Tether' as it opens for private beta. First revealed in July, the Isle of Man and Hong Kong-based company said the name change is an attempt to better express its true functionality as a crypto 2.0 project that uses tokens.

Cryptocurrency and iGaming

It has often been said that bitcoin is the ideal digital casino chip but maybe you wonder what that really mean? For starters, it means that online gaming is all about the customer experience and the customers want to play with bitcoin, realcoin and other crypto currencies. Whether it's a land-based casino or an online casino, gamblers want a seamless experience.

Cryptocurrency is also a convenient payment for online casinos. It is of the utmost importance to casino owners and players their payment information is safe, and deposits and withdrawals when it comes to safe online casino games.

Bitcoin-only casino actually generated over 3,000 BTC (~$1,400,000) in turnover in its first 3 months. BitCasino.io which was one of the first ever licensed bitcoin-only casino quicly grown to a player base of 7,000 users betting over 3,000 BTC since February 2014. Since Bitcoin first appearance, the gambling Industry saw its great potential and immediately accepted it. Today, you can find all sort of digital currency gambling sites being launched while a lot of steam is going on in the Gambling Industry.

NetEnt is one of the most popular slots providers and BitCasino.io was the world's first legally licensed and regulated online Bitcoin-only casino gaming operator that expanded its casino games offering NetEnt casino games. Bitcasino.io added 150+ games and 30+ mobile games from this popular games provider.

Popular online casinos accepting cryptocurrency

Vera&John was the first licensed casino to accept bitcoin. This large Swedish casino become the first licensed and regulated online casino to accept bitcoin deposits. The Malta-registered casino began taking deposits in bitcoin and automatically converting them to Euros which would then be paid into customers accounts.

mBit is another casino that accepts bitcoins. It is known to be among the earliest online gambling platforms to have accepted Bitcoin as the sole method of payments and withdrawals. The reputably licensed platform aims to bring people a restriction-free gambling service, where they can access hundreds of games. mBit Casino also had a player who won Bitcoin worth $11.9k on Dragon King Slots. mBit Casino holds the record on largest Bitcoin payout of 260 BTC to one of its players who won 26.162 BTC with a low deposit. mBit Casino is one of the leading online casino specifically dedicated to bitcoin players and features more than 200 different casino games and slots with an excellent realistic gaming experience.

Bitcoin Video Casino is one more online Bitcoin Casino and it features seven of the most popular casino games in online gambling sector via a unique user-friendly interface. This casino started operating back in 2012. It accepts Bitcoin only and presents its platform only in English. Bitcoin Casino that lets you play all the classic casino games as if you were in a real Casino. The casino also offers players the possibility to play Video Poker, BlackJack, Roulette, Craps, Keno, Slots and Dice in an almost real environment. With a range of games in offer, this Bitcoin casino brings exciting payouts as well. A lot of players like the anonymous and instant payments with cryptocurrency.

Top Mobile Casino is one online casino for thse who are interested in trying out different casino games and also want convenience and Dragon’s Tale is is one of the oldest casino gambling sites and the most original gambling site in the Bitcoin industry. Launched sevaral years ago, Dragon’s Tale has grown to become one of the leading brands in the Bitcoin gambling Industry. For the one looking for a newer casino LimoPlay is the Newest Casino in Town that accepts Bitcoin.

Bitcoin has opened a world of opportunities to online casinos due to its increased anonymity over other payment methods. The renowned Bitcoin gaming platform Vegas Casino is popular as it has always understood the perceptions of players towards the online security. Vegas Casino has ensured its players that it implements the fairest game practices on its website to safeguard them against cheats and other malicious attacks.

Play casino with cryptocurrency in Vegas

The first in-casino Bitcoin ATM was launched in Las Vegas and two Las Vegas casino properties began accept Bitcoin. The co-owned properties The D Las Vegas Casino Hotel and the Golden Gate Hotel & Casino started to accept the digital currency as the first two downtown Las Vegas casino properties. Tourists visiting Las Vegas can also get their cryptocurrency at The D Las Vegas Casino Hotel. The D partnered with Robocoin, a fellow Las Vegas-based company, to place a bitcoin ATM inside its casino.