For casinos, blockchain technology – the driver behind Bitcoin and other cryptocurrencies – allows for greater transparency and reduced fraud risk. The bank believes that blockchain technology can help companies become more efficient and reduce their operating costs across the board, from healthcare to finance. The bank is also investing in research into distributed ledgers and smart contracts in its business model. The list includes American Express, BBVA, Mizuho Financial Group, Goldman Sachs, BNP, and Bank of America (who’s buying up blockchain patents like they’re expecting a war). So, for those like UBS that are skeptical on Bitcoin, but busy singing the praises of blockchain, they may not fully understand. Yet, when it comes to blockchain, UBS changes their point of view. And UBS blockchain support doesn’t stop at words. Furthermore, since the original vision of Satoshi was to send peer-to-peer electronic payments without the need for a middleman, UBS blockchain support could be misplaced. UBS blockchain support is nothing new, however. UBS currently holds a number of blockchain patents.
After all, blockchain and cryptocurrency are one and the same. In an interview with Malta’s Steve Tendon, a member of the country’s Blockchain Taskforce and author of Malta’s National Blockchain Strategy, he expressed his concern with viewpoints such as the UBS blockchain one. “There is no way you can have a smart contract platform that is as sophisticated as the one that Ethereum has implemented today (but there will be others in the future) unless you also have a cryptocurrency that is being used to “pay” for the computation. The way it was created requires miners to believe that the value of the Bitcoin they are rewarded will increase over time (or at least, not decrease in value). There are several exciting promotions regularly on offer, adding an extra dash of excitement to the gaming experience. With a diverse array of games on offer, this platform has carved a niche of its own as the go-to destination for Bitcoin-driven slot gaming. However, it’s the platform’s immense collection of slot games that truly sets it apart. The platform’s promise of instant deposits and withdrawals using Bitcoin sets it apart in an industry where processing times can often deter potential players.
In fact, Bitcoin and other cryptocurrencies offer significant advantages to both players and casinos. For players, quick and anonymous transactions coupled with the potential for significant winnings attributed to the volatility of cryptocurrencies like Bitcoin offer a attractive incentives. Apparently; if continued corporate statements like the UBS blockchain endorsement are anything to go by. In fact, within the financial sector, UBS predicts that blockchain technology will have irreversible and positive effects. UBS blockchain research does acknowledge a certain level of risk, although they limit this to technological shortcomings and an uncertainty as to which application will benefit the industry most. Neither is their stance that cryptocurrencies are risky and will probably never become mainstream currencies. They fail to mention whether digital currencies will threaten fiat ones, or if central authorities will be cut out of the loop. CEO of Swiss investment banking giant UBS, Sergio Ermotti, came out with a bold claim recently. So, what about cutting out the middleman? The site appropriately blends the thrill of slot gaming with the futuristic appeal of Bitcoin, delivering an unconventional and invigorating gaming experience.
The platform’s crisp and eye-catching design adds to its appeal, along with the various gaming options that are just a click away. Yet, despite Ermotti’s bullish stance, their blockchain activities are dwarfed by other large banks and credit card companies. So the distinction between cryptocurrency and blockchains are really artificial: they are just two aspects of the same coin,” he said. But is it possible to separate the two? With Ether shedding 44 percent of its value in just two weeks and the media speaking of a Bitcoin bubble, is it possible to lose faith in crypto but remain bullish on blockchain? But can you really separate cryptocurrency and blockchain? This ensures that players can independently confirm the fairness of each game, fostering player trust and confidence in the platform. Boasting hundreds of slot titles, contested by in-house and fan-favorite providers, this platform ensures high-octane, diverse, and vibrant gameplay scenarios for any slot enthusiast. With its broad array of games, impressive rewards program and efficient Bitcoin-based payment system, it’s definitely a marketplace where real-money slot gaming thrives.