Elray Resources Inc., a fresh enterprise, has acquired certain online casino technology from Luxor Capital. They haven’t disclosed the price, but Elray indicates they will utilize the technology to construct systems for online cryptocurrency wagering.
Elray is a publicly traded entity and their stock is exchanged over-the-counter. They are planning to unveil their own cryptocurrency platform named the Elray Blockchain System (EBS) shortly.
Elray also forged an agreement with Golden Matrix Group, a virtual provider, to obtain gambling content for all cryptocurrency operators. This signifies that Elray’s gaming division will exclusively offer content from Golden Matrix.
Cathy Feng, the Chief Financial Officer of Golden Matrix, is enthusiastic about the future of cryptocurrency gambling, despite their divestment of their cryptocurrency operations. She asserted that Bitcoin casinos are the latest trend in online gambling and will alter the future of online gambling.
Digital currency gambling houses provide a multitude of benefits compared to conventional gambling establishments, including expedited payouts, improved security measures, and heightened transparency.
Some of the leading Bitcoin gambling platforms in the industry boast hundreds of thousands of active patrons from across the globe. “Recent data on Bitcoin gambling indicates that cryptocurrency gambling is experiencing a surge in popularity, as players increasingly opt for digital currencies due to the numerous advantages they provide.”
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