Ripple powered CasinoCoin (CSC) saw over 200% price upsurge within a very short range.
The digital asset, which deploys an adapted version of the Ripple code improved to work perfectly in the gaming industry, saw an over 200% price increase between April 20th and 27th after putting in place myriads of developments.
Over one week ago, the digital asset had a market cap of $9 million. As at the time of writing, the CasinoCoin market cap had risen to $33 million with a sit at position 135, after witnessing over 266% increase within a week.
The team behind the digital currency, prior its launch last year, said they like Ripple because of its focus on the banking industry, seeing the arena as a big opportunity for CSC.
The vastly superior transaction speed of Ripple, its low transaction costs and the fact that the network is decentralised, but still controllable, made CasinoCoin team leverage on its repository. CSC is one of the great advancement of Ripple and an attestation that its solution is topnotch.
In this second quarter of 2019, CasinoCoin intends to roll out its highly awaited CasinoCoin Bankroll Manager (CSC BRM) app, said to be the cornerstone to the CasinoCoin (CSC) product line.
It is planned to be the onboarding gateway for regulated gaming customers, thereby giving them the advantage to achieve a fast and inexpensive deposits, as well as withdrawals to a large number of regulated gaming sites using Casino Coin (CSC).
Through the idea, regulators and operators are to benefit from the transparent nature of blockchain transactions and gain protections from chargebacks among other things.
Speaking on the initiative, Duncan Cameron, CasinoCoin’s Technical Director, said “We hit every milestone on the Q1 product roadmap and grew the development team significantly to meet the demand of highly technical milestones in our roadmap for Q2. We’re happy with the progress but the best is yet to come.”
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