Malta-based iGaming Group has announced the endorsement of Samecoin, a utility token, and SameUSD, a cryptocurrency pegged 1:1 with the US Dollar, and will be accepting the tokens for future use in gameplay and transactions.
“Cryptocurrencies can be used to help issues of trust between casino operators and players”, iGaming Group said in Tuesday’s announcement, a view echoed by officials at the Malta Gaming Authority.
Samecoin is known for powering the entire Samecoin ecosystem, giving holders and users benefits and rewards which they can use for governance, staking and minting.
In addition, SameUSD’s peg with the US Dollar has made it attractive due to the stable store of value.
Closing off, iGaming Group shares that its specialists are currently testing SameUSD for “real use on products for clients, and will update” customers on future progress and adoption.
Carmelo Romano, the former CTO, has transitioned to a consultative role within the company
This latest announcement builds upon a series of recent agreements signed by the supplier
While reporting strong figures, the company experienced a dip in sportsbook revenue