Cloudbet continues to develop with Pax Gold stablecoin

This is the third such solution to join Cloudbet, making for an important step forward in the evolution of tokenisation, Cloudbet noted in an official statement.

The solution uses smart contracts and blockchain technology to render it divisible, tradable and overall easier to exchange, empowering consumers in the process.

In the official statement, a Cloudbet representative had this to say:

Tokenisation allows individuals to express their spending habits through the assets they choose to hold, rather than having to use currencies to which they hold no philosophical or economic attachments.”

PAXG is now fully integrated with Cloudbet's offer.

This means players who register and choose to start betting and gaming with PAXG will be able to claim up to 5 PAXG as part of the welcome bonus, around $10,000 at current prices.

The welcome offer will also feature a 100 free spins to top it all.

The introduction of PAXG follows the roll-out of other trusted stablecoins and specifically USDT and USDC.

These two are exchanged on a one-to-one basis with the US dollar.

Meanwhile, the introduction of the new coin gives players and consumers a better opportunity to place their desirable bets as well as empower quicker transactions, lower fees and unique bonuses.

USD Coin was added earlier in October amid a flurry of promotional offers, including the popular zero-margin campaign, empowering players to enjoy a better overall value on sports betting markets.

If you are looking to experience excellent gaming and sports betting solutions on the blockchain, Cloudbet is definitely a top choice.

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Written by David Kent

David has more than a decade of sports betting and sports writing experience working with some of the biggest names in the industry. He focuses on articles covering these subjects including how crypto is transforming sportsbooks.

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