Crypto-centric online gambling operator Cloudbet is set to reward its existing sportsbook and casino players with a ‘Bitcoin Cash windfall’.
Seeking to enhance its reputation with cryptocurrency enthusiasts, Cloudbet will ‘honour the fork’, which in August 2017 saw Bitcoin split into two currencies, Bitcoin and Bitcoin Cash.
Moving forward, Cloudbet will reward its players that held bitcoin in their accounts on 1 August 2017, who are set to receive the equivalent in bitcoin cash.
Updating the market, Mirio Mella Cloudbet’s Head of Acquisition.
“The creation of derivative bitcoin products in what are termed ‘forks’ has both practical and political implications. Cloudbet is focused on the practical; players want fast, cheap and reliable transactions, and BCH offers a great alternative to BTC”.
Cloudbet informs that it will use the timestamp of the last common BTC block (block 478558; 1 August 2017, 13:16:14 UTC) to determine customers’ BCH balances for its promotion.
Founded in 2013, Cloudbet seeks to become the leading digital destination and community for crypto betting consumers.