1xBit expands list of supported coins with BNB

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Updated September 21, 2022 | Published December 10, 2020

2 mins read

Leading crypto casino and sports betting operator 1xBit has added the Binance Coin (BNB) to its growing portfolio of payment options.

BNB is now part of its list of available solutions to transact funds in and out of the casino.

BNB is an ERC20 token based on the Ethereum blockchain and gained popularity in 2019 when the original protocol, ERC20, was swapped with BEP2 BNB. The latter is a protocol owned by Binance Chain, and the token has arrived where it is today.

The token uses a Byzantine Fault Tolerance (BFT) for consensus, whereby validators earn coins by helping establish whether transactions are genuine.

The addition is fairly significant for the 1xBit consumer base, which can now benefit from the seventh largest token in terms of pure market capitalization.

BNB was also available to over 2.3 million merchants worldwide based on a slightly dated report, but another review in 2019 put the number of global transactions featuring BNB at $3bn daily.

Presently, 1xBit hosts over 60 different payment options, the majority of which are cryptocurrencies.

The addition of BNB is a powerful consumer-focused addition that will facilitate the transaction of funds to and from the casino.

To catch up on everything there is to know about 1xBit, we recommend reading our dedicated 1xBit review.

Want the chance to win an iPhone 11 Pro? Then take a couple of minutes to complete our CGN survey.

Alex

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.

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