A newly established enterprise, Elray Resources, has acquired cryptocurrency casino technology from Luxor Capital. The financial aspects of the agreement have not been disclosed, but Elray intends to utilize the technology to construct and provide cryptocurrency systems for online gambling operators.
Elray Resources, which went public earlier this year, has declared the acquisition of cryptocurrency casino technology from Luxor Capital. The technology will be employed to develop the Elray Blockchain System (EBS), which is anticipated to be launched in the upcoming months.
Elray Resources has also inked an exclusive distribution agreement with Golden Matrix Group, a virtual supplier. This agreement will furnish Elray with gambling content from Golden Matrix for all crypto operators.
Golden Matrix’s Chief Financial Officer, Cathy Feng, has expressed her excitement for the future of crypto gambling, despite the company’s decision to divest its crypto gambling division. She is convinced that Bitcoin casinos represent the future of online gambling.
Digital currency gambling houses surpass conventional gambling houses in numerous ways, including expedited payout times, enhanced security measures, and heightened transparency.
Several of the most sought-after Bitcoin gambling establishments already boast hundreds of thousands of active patrons from every corner of the globe. “The most recent data on Bitcoin gambling reveals a surge in interest in crypto gambling, as players are progressively embracing digital currencies to reap the numerous advantages they provide.”
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