BetOnline Makes Waves by Accepting ApeCoin for Payments

BetOnline.ag has dived into the realm of ApeCoin ($APE), becoming the initial provider in the sector to embrace the popular digital currency for payments.

ApeCoin, the creation of Yuga Labs (the minds behind the Bored Ape Yacht Club NFT assortment), debuted on cryptocurrency platforms on Thursday, March 17th. BetOnline acted swiftly, declaring its acceptance of the new coin just a day later.

This isn’t BetOnline’s initial venture into the domain of NFTs. The sports wagering platform made waves in February, spending $375,000 to acquire Bored Ape #320 before the Super Bowl.

Renowned for being an innovator in the crypto sphere (they adopted Bitcoin back in 2010), BetOnline persists in pushing boundaries. Chief Executive Officer Eddie Robbins III stated, “We were early supporters of Bitcoin as we recognized the potential of global currency in blockchain. To now be able to commence incorporating NFTs into our holdings and be the frontrunner in our industry to welcome ApeCoin is incredibly thrilling for us. We are optimistic about the future of Web3 and are keen to continue to develop and solidify our collaborations and initiatives within this domain.”

In addition to Bitcoin and ApeCoin, BetOnline features an extensive lineup of accepted cryptocurrencies, including Ethereum, Dogecoin, Avalanche, Cardano, Polygon, Solana, and USDC. They’ve even established a substantial deposit ceiling of $500,000 for those seeking to make a significant impact in the crypto wagering arena.

Redbreasts also conveyed, “We’ve attained a leading position within the crypto gaming realm. Users recognize us as the premier destination for wagering on athletics, poker, and casino offerings, particularly among those who prioritize their confidentiality and desire a straightforward and equitable gaming environment.

“Safeguarding our clientele is, and will perpetually remain, our utmost priority at BetOnline.”

Author

By Isabella "Ivy" Martin

Holding a Ph.D. in Operations Research and a Master's in Industrial Engineering, this accomplished author has extensive experience in the application of optimization techniques to casino operations. They have expertise in queuing theory, simulation modeling, and revenue management, which they use to analyze the efficiency and profitability of gaming establishments. Their articles and reviews provide readers with insights into the operational challenges faced by casinos and the strategies used to overcome them.

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