Cloudbet rolls out Dai stablecoin in Argentina

						Array
(
    [conclusion] => Array
        (
            [0] => 
        )

    [post_sponsor_aff_link] => Array
        (
            [0] => 
        )

    [casino_url] => Array
        (
            [0] => 
        )

    [casino_street_address] => Array
        (
            [0] => 
        )

    [casino_post_code] => Array
        (
            [0] => 
        )

    [year_founded] => Array
        (
            [0] => 
        )

    [withdrawal_limit] => Array
        (
            [0] => 
        )

    [reviewrating] => Array
        (
            [0] => 
        )

    [bestrating] => Array
        (
            [0] => 
        )

    [cgn_score] => Array
        (
            [0] => 
        )

    [casino_key_feature_1] => Array
        (
            [0] => 
        )

    [casino_key_feature_2] => Array
        (
            [0] => 
        )

    [casino_key_feature_3] => Array
        (
            [0] => 
        )

    [bonus_text_top] => Array
        (
            [0] => 
        )

    [bonus_text_bottom] => Array
        (
            [0] => 
        )

    [casino_review_reference] => Array
        (
            [0] => 
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [_thumbnail_id] => Array
        (
            [0] => 14722
        )

    [ppma_authors_name] => Array
        (
            [0] => Alex
        )

)

Updated September 21, 2022 | Published November 24, 2020

2 mins read

Cloudbet has chosen MakerDAO's Dai token to add more stability and security to consumers in the region.

The initiative comes along with the “Red Card Money Back” promotion which will allow sports fans to pick an Argentine soccer event and bet on it using Dai.

New players will be eligible for a 1,000 Dai welcome bonus, making it possible to start with a significant war chest when you first join Cloudbet in Argentina.

The Dai token complements a selection of stablecoins already featured as part of the offer, including USD Tether, USD Coin and Pax Gold.

Cloudbet has been focusing on stablecoins as a way to allow players and bettors to use a currency that isn't prone to sudden changes in value.

Commenting on stablecoins and the recent move, a Cloudbet spokesperson said:”Stablecoins are supremely relevant in Argentina, where individuals are looking to protect the value of their assets. We said recently that we intend to add more coins that are specifically appropriate for this market, and we’re now following through.”

Cloudbet has been spearheading innovation in the crypto betting space, after introducing several no margin promotions, with the sportsbook charging no fees on individual bets. The company followed up with the “best odds” campaigns.

Cloudbet remains a leader in gaming solutions and with the company's expansion on the Latin American market, more good things are coming the operator’s way.

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

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Alex

Reporter

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.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
THE LEDGER: Biden goes after crypto mining, while Coinbase has a loan moan
The Ledger: ChatGPT forecasts BTC will hit $120k, Coinbase hears London calling

Similar News

GameStop 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4980
            [name] => GameStop
            [slug] => gamestop
            [term_group] => 0
            [term_taxonomy_id] => 4980
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 8
            [filter] => raw
        )

)

GameStop fires CEO and hires new executive chairman

08/06/2023|16:09

GameStop chief executive Matt Furlong has been fired from the American video game retailer. After two years with the company,...
Atomic Wallet 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 8728
            [name] => Atomic Wallet
            [slug] => atomic-wallet
            [term_group] => 0
            [term_taxonomy_id] => 8728
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

)

Estonian crypto service falls victim to North Korean hackers

08/06/2023|15:22

North Korean hackers are suspected of orchestrating a major cryptocurrency heist, with experts suggesting that at least $35m has been...
Bitcoin 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 138
            [name] => Bitcoin
            [slug] => bitcoin
            [term_group] => 0
            [term_taxonomy_id] => 138
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 138
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 5300
            [name] => crypto assets
            [slug] => crypto-assets
            [term_group] => 0
            [term_taxonomy_id] => 5300
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 18
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 6820
            [name] => Financial Conduct Authority
            [slug] => financial-conduct-authority
            [term_group] => 0
            [term_taxonomy_id] => 6820
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 11
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 8754
            [name] => marketing
            [slug] => marketing
            [term_group] => 0
            [term_taxonomy_id] => 8754
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 8676
            [name] => Markets in Crypto Assets
            [slug] => markets-in-crypto-assets
            [term_group] => 0
            [term_taxonomy_id] => 8676
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 8753
            [name] => UK regulation
            [slug] => uk-regulation
            [term_group] => 0
            [term_taxonomy_id] => 8753
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

)

FCA launches new crypto asset marketing rules

08/06/2023|09:59

UK marketers of crypto assets will need give first-time investing consumers a cooling-off period from 8 October 2023, under new...