Cloudbet, the online casino and sportsbook pioneer in operating with cryptocurrencies, has added MakerDAO’s Dai stablecoin to its list of cryptocurrencies available to users of the platform, given the growing demand in Argentina and South America.
On the occasion of the launch, the operator will offer a special red card bet refund promotion to players who bet with Dai at a variety of soccer events in Argentina. In addition, it will give 200 free spins at the Cloudbet casino to customers who make deposits with this stablecoin. New users will also be able to get a welcome bonus of up to 1000 Dai.
The integration of Dai in the Cloudbet portfolio comes two weeks after the operator announced the official launch of a specific service for the Argentine market. It is the latest addition to Cloudbet’s stablecoin list in 2020, in addition to USD Tether, USD Coin, and Pax Gold.
Because their value is linked to an underlying asset, such as the US dollar, stablecoins are presented as an interesting alternative for gambling fans looking to protect their earnings from the volatility shown by other cryptocurrencies.
In recent months, stable virtual currencies have gained special prominence in Argentina, and more and more people choose them to save and protect their money from the devaluation of the peso.
“Stable cryptocurrencies are becoming increasingly important in Argentina, where users seek to protect themselves from exchange rate fluctuations. We recently announced our plans to incorporate new cryptocurrencies and we are delivering,” said a Cloudbet spokesperson.
Founded in 2013, Cloudbet is one of the oldest bitcoin gambling operators in the world, with a long history of reliability in secure storage of player deposits and quick and easy withdrawal management in an intuitive user interface.
On November 10, the operator presented a website and blog in Spanish exclusively for Argentina, where local users can learn more about the advantages of betting with cryptocurrencies and learn about the main qualities that make Cloudbet a reliable leader in the market.
Cloudbet’s landing in South America is part of an ambitious plan that aims to reach a wider and more diverse audience, in addition to meeting the demand not only for bitcoin, but also for the cryptocurrency market as a whole.
Dai is a decentralized stablecoin on the Ethereum blockchain, a platform that allows the creation of smart contracts on a p2p (peer-to-peer) network, and aims to maintain a stable price that follows the US dollar.