We are happy to report that CashBet product and engineering teams have made substantial progress towards establishing long term value for the token by adding critical crypto, content and compliance related features to the platform. Based on the feedback from the community, token holders, customers and the regulatory bodies, we have realigned the crypto-specific feature set and are confident of achieving a product-market fit.
We’re excited to share that our online gaming platform will have two major updates by the end of October, once we have a go ahead from the requisite regulatory bodies. Our compliance team is working closely with the regulators to ensure that the platform has the required permissions and certifications to enable crypto as an instrument of value (within the ecosystem). The product team is planning the launch as we publish the update.
Read on to learn more about what we have accomplished, and what’s coming up soon for CashBet and CashBet Coin.
We’ve been heads down working on building the critical foundational components of our blockchain-powered iGaming platform. Our focus is on delivering valuable token utility, which is key to driving operator and end user adoption of CashBet Coin.
In Q3, we completed development of CryptoCashier, which enables CashBet Coin for real money transactions (deposits and withdrawals) into gaming wallets. We’re also happy to report that we have achieved third party certification, and are on the final stages of regulatory approval for CryptoRGS, our remote game server for crypto content.
This quarter, we will integrate and launch CryptoCashier on our showcase online casino, JennyVegas.com. Post launch, you will be able to use CBC as a payment mechanism on JennyVegas. The Customer Centric design of eWallet ensures frictionless experience for the players. We’re are also excited to be rolling out crypto support on Novomatic-owned social casino site, GameTwist, which has 1 million active players each month! Novomatic is a leading European gaming provider with revenues of 3.2 Billion Euro. Additionally, we’ll be expanding our access to top quality game content via key partnerships with Greentube and Pragmatic Play which will go live in Q4. We will also continue work to enable CashBet Coin to be used as a staking mechanism by our operating partners, and finalize the regulatory framework to support our token.
Looking down the line to the future, 2019 brings some momentous releases including, but not limited to, ChainView support for provably fair gameplay, the launch of our CryptoGo state channels solution, and enhanced crypto wallet support. In parallel, we’ll be working to get even more partners integrated and launched on with CryptoCashier to support CashBet Coin purchases and gameplay!
This realigned product roadmap enables us to focus on constantly delivering enhanced utility for the operators and the players alike. The updates we have made are a result of constant discussions/negotiations with key partners, regulators and the online gaming community at large. With CryptoCashier, ChainView, and CryptoGo in the pipeline, we have an amazing toolchain that works seamlessly with fiat currency offerings. With CBC support, we have redefined the notion of real-money and are poised to revolutionize the iGaming industry.
Stay tuned for more exciting updates from our product and engineering team. In the meantime, in case you missed it, check out our latest webinar here: