In an announcement made last week, Bitcasino said that it has started accepting Ripple’s XRP cryptocurrency for payments on its platform. This will help make transactions faster while reducing fees.

Support for XRP

XRP was primarily designed to help make faster and cheaper payments for the banking industry but it is now being used for other purposes as well. In gaming, it could offer a multitude of advantages. On Bitcasino, XRP will help the platform’s motto of creating a “fun, fast and fair world” with its low fees and quick transaction capabilities. XRP also has a better scaling capacity compared to its counterparts.

Bitcasino director Tauri Tiitsaar commented on the move and said,

“It makes us very proud to say that we now have the three most used cryptocurrencies integrated with Bitcasino. XRP ranks third on the list of top virtual currencies by market cap just behind Bitcoin and Ethereum, and it’s something our players have asked for quite some time now.”

Bitcasino is a part of the Coingaming Group. It has a variety of casino products as well as table games and comes with over 2,000 slot machines. The platform is currently offering withdrawal times of 1.5 minutes and top-of-the-line security measures to its users. Its withdrawal time is one of the fastest in the industry.

The details of the announcement

The minimum deposit for XRP is 50 and the minimum withdrawal is 100 XRP. At the current trading prices, the minimum deposit will be around $9 without adding any fee. Bitcasino already accepts Bitcoin, Ethereum, Litecoin, and Tron on its platform. Bitcoin takes the lead on the platform. However, there could be some changes as XRP arrives in the mix.

Meanwhile, Ripple CEO Brad Garlinghouse is suing YouTube for promoting XRP Giveaway scams. He said that the video-sharing platform should be more mindful of the content being uploaded on its website.