Billionaire entrepreneur Calvin Ayre explained how the online gambling industry can benefit from Bitcoin at iGaming NEXT ONLINE: Adventure of Change.
Calvin Ayre is a staunch supporter of the original vision of Bitcoin that is now found and realized in Bitcoin SV (BSV). And at this year’s iGaming NEXT ONLINE: Adventure of Change event, he emphasized the role Bitcoin plays and could bring to the table in the ever-growing world of gambling.
The iGaming NEXT ONLINE event in Dubai was the perfect venue for companies, innovators, and leaders in the iGaming industry to witness and learn the advantages of Bitcoin in gambling. Ayre, who promotes the original Bitcoin protocol, used this opportunity to help more people to see the bigger picture for BSV and iGaming.
Calvin Ayre said:
“But what’s really interesting is the ability to use the original protocol, and only the original Bitcoin protocol, which now is only BSV, to actually run your business. An online gaming company can get involved in this platform and start to find pieces that they can put in, and not only make their business run better, not only have value added, but they can also decrease costs and increase security on their platform. And oh yeah, just like it says in the white paper, you can also use it for payments.”
Bitcoin, which has now been relegated as a means for digital payments, can help companies significantly improve their processes, products, and even security. These, according to Ayre, are the values the original Bitcoin protocol offers–values that have been disregarded ever since entities decided that Bitcoin is better off as an investment asset, rather than as a data management system.
“Originally when Bitcoin was first invented, it was designed to be the world’s most powerful data management tool, most powerful that the world has ever seen. Of course, it did payments as well, and the white paper actually focused more on that. That was obviously because that made it easier to understand the platform, to people that didn’t really understand it.”
He then emphasized the importance of frictionless microtransactions and their capabilities beyond payments:
“But also being able to value data using microtransactions, frictionless microtransactions, actually is one of the superpowers that makes the original protocol the most powerful data management system that the world has ever seen.”
Meanwhile, there are many online casinos and sportsbooks that now accept Bitcoin and even other cryptocurrencies. In fact, the Bitcoin casino market continues to increase as more players begin to see the benefits of using Bitcoin for bets and wagers. Additionally, more players prioritize faster and safer payments as well as provably fair gaming.
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