Cloudbet, the online casino and sports betting pioneer in dealing with cryptocurrencies, has added MakerDAO’s Dai Stablecoin to its list of cryptocurrencies available to users of the platform in light of the growing demand in Argentina and South America.
The platform has unveiled a website and blog in Spanish, specially created for Argentina, to help local users learn more about the benefits of betting on cryptocurrencies and learn about the main qualities that make Cloudbet a trusted leader in cryptocurrency Betting market.
On the occasion of the launch, the operator is offering players who bet with Dai at various soccer events in Argentina a special promotion to refund bets on the red cardas well as 200 free spins in Cloudbet Casino for customers who make deposits with this stablecoin. New users will also receive a welcome bonus of up to 1000 Dai.
In addition to DAI, Cloudbet has USD Tether, USD Coin and Pax Gold
The integration of Dai into the Cloudbet portfolio comes two weeks after the operator announced the official launch of a specific service for the Argentine market. Along with USD Tether, USD Coin and Pax Gold, it is the latest addition to Cloudbet’s stablecoin list in 2020.
Since their value is tied to an underlying asset such as the US dollar, stablecoins are offered as an interesting alternative for gambling fans who want to protect their winnings from the volatility of other cryptocurrencies.
In recent months, stable virtual currencies have gained special importance in Argentina, and more and more people are choosing them to save and protect their money from the devaluation of the peso.
“Stable cryptocurrencies are becoming increasingly important in Argentina, where users want to protect themselves from currency fluctuations,” said a Cloudbet spokesman. “We recently announced that we would be adding new cryptocurrencies and we are delivering,” it said.
Cloudbet is one of the oldest Bitcoin betting providers in the world
Cloudbet was founded in 2013 and is one of the oldest Bitcoin betting providers in the world.or with a long history of reliability in securely storing player deposits and streamlined, simple payout management in an intuitive user interface.
The operator relaunched its website in April to reach a wider audience and introduced new features, including offers on sports, betting on political events, virtual sports, and the ability to easily buy cryptocurrencies with a credit card.
Cloudbet was the center of attention when it launched an ambitious campaign for the English Premier League last June, offering pre-game betting with a 0% margin for the remainder of the season. This enabled clients to access the best odds and thus get the highest percentage of the return.
Cloudbet’s arrival in South America is part of an ambitious plan that aims to reach a wider and more diverse audience. In addition to satisfying the demand not only for Bitcoin, but also for the entire cryptocurrency market.
DAI is a decentralized stable coin that operates on the Ethereum blockchain network, a platform that enables smart contracts to be created on a P2P (peer-to-peer) network and aims for a stable price based on the American dollar.