Major cryptocurrency exchange Gemini partners with Las Vegas Resort based in Las Vegas, Nevada. Gemini was founded by the Winklevoss twins and recently listed Dogecoin on its exchange.
What the Gemini Casino partnership means
According to reports, the casino might allow its customers to transfer their earnings from the casino into crypto. There could soon be a machine released by a company called international game technology. This machine will allow people to transfer their crypto into a casino account. The casino clients then will be able to use these funds at the casino.
Gambling in crypto is something that has already been established online. Some say gambling is not a responsible thing to do. However, the gambling industry continuing to merge with crypto could be a good thing for the growth of the crypto industry. All in all, it could bring greater awareness to the crypto arena. And it will also be a way to infuse crypto with activities that everyday people enjoy. Crypto exchanges partnering with casinos could be one way mass adoption of crypto spreads.
The more and more people see the value proposition of crypto and blockchain in their everyday lives, the greater the crypto industry will grow.
Gemini Exchange recently listed Dogecoin, one of the hottest cryptos on the market. Some say the major gains that Dogecoin made come from their listing on Gemini. Often big exchange listings cause coins to moon. Tyler Winklesvoss said Dogecoin is “the people’s money” according to an article from from investorplace.com.
Winklevoss also said that he believes Dogecoin is a “deflationary” asset. But this doesn’t seem to make sense since Dogecoin has an infinite supply cap with roughly 14 million Dogecoins mined every single day.
No doubt, Gemini Exchange is busy these days. How many more casinos will partner with Gemini? And will other industries now be merging with crypto? It seems like it’s only a matter of time before the whole world is using blockchain and cryptocurrency.
If you enjoyed reading this article, you might also like reading another article we just realeased about a company trying to bring mass crypto adoption in India. Check it out here: Startup In India Proposes Cryptocurrency Regulation
Aaron is passionate about blockchain and has been an investor in cryptocurrencies for the past years. He enjoys engaging with other people in the cryptocurrency community online, particularly on Telegram, and learning from experts.