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Written By: Dan Pearson
April 6, 2020

Legalized Digital Currency betting to increase after Malta license in Europe

Cryptocurrencies and blockchain technology are easily becoming the world’s most sought-after innovations. Legalized Digital Currency betting in Europe will be the mainstream soon. Everywhere you look, individuals and businesses are trying to get a hold of this entity. So, it wouldn’t come off as a surprise to you if various public and private sectors worldwide are implementing the technology

With the introduction of latest mobile technology like smartphones, people can carry out any task without having to visit a system. A common activity that can now be easily done on mobile phones is play casino games and sports betting. And guess what? Now cryptocurrencies are being introduced into this venture and will help in taking off the gambling industry onto new heights.

One of the nations that recently announced the legalization of cryptocurrency gambling is Europe. A highly renowned eSports betting platform, Unikrn, had its wagering license approved by the Malta Gaming Authority. This opens up the opportunity for fans in the US and several other countries to gamble on competitive gaming and enjoy unique games and sportsbooks.

Based on the ERC-20 ethereum standard and distributed through ICO, UnikoinGold is being installed as a means for real-money wagering in countries with legalized sports betting so players will be able to place wager on popular eSports competitions.

Unikrns chief executive, Rahul Sood expressed his relief while speaking to The Associated Press, “There is finally a legitimate, regulated operator in the space that has a pretty comprehensive offering, and it’s huge.”

Benefits of Unikrn

The decision is definitely a major win for Unikrn since it was previously licensed only to provide real-money eSports betting in Australia and the United Kingdom. Initially, other districts were only offered free betting on widely popular first-person shooter and multiplayer battle arena games like, League of Legends, Dota 2 and Counterstrike: Global Offensive. Such amenities were enjoyed all thanks to the free older version Unikoin tokens that are now discontinued due to the introduction of the improved,UnikoinGold token and it’s ICO.

In addition, the Malta license and launch of the UnikoinGold token are both important initiatives taken towards improving the platform’s free betting services to real money while also extending the variety of non-betting related facilities a token holder can enjoy.

One of the biggest perks of the new token is that members – regardless of them being gamers or spectators – aren’t exactly required to gamble in order to earn tokens. Some of the simplest ways to earn tokens is by participating in a tournament or by just watching a match online or attending one in person.

Naturally, the aim is to provide a safe and secure environment for players, members and customers supported by the token and the Malta license ensures that. Which brings us to another point of interest that, Malta is now in the works of becoming a globally recognized leader dealing in cryptocurrency gambling. It is obvious that they are working towards a cryptocurrency revolution but we’ll just have to wait and see how successful it turns out.