The Bitcoin Lightning Network is a decentralized payment network that has been in development since 2015. The Bitcoin Lightning Network payments take the lead at Betplay.io, and will eventually replace Bitcoin transactions on the blockchain as they are faster and cheaper than traditional Bitcoin transactions.
Betplay.io has revealed that bitcoin payments now account for the most number of deposits by casino players using cryptocurrency at its online crypto-casino.
Betplay launched the industry’s first crypto casino to support Bitcoin and Litecoin. And with the use of Lightning deposits taking off, we are seeing a trend in this payment method.
Betplay.io has revealed that innovative Bitcoin Lightning Network payments are now the most popular payment option for players at its groundbreaking online casino. Bitcoin Lightning (not to be confused with Lightning Box Games) is a payment option that enables instant and virtually free deposits, making the process quicker, cheaper, and easier.
Since the launch of a new Bitcoin crypto casino site by Betplay in 2020, it’s popularity has soared with Bitcoin and Litecoin Lightning payments.
Betplay launched an industry-first crypto casino site that supports Bitcoin, Litecoin, and more in late 2020. Since then, their popularity has soared with deposits solely in Bitcoin and other cryptocurrencies.
Interesting Article: Lightning Box Lights Things Up With Latest Slots Release
After drawing level with other deposits, there were 60% more Bitcoin Lightning deposits in May than in April. The preliminary figures suggest this trend continued into June.
Quickspin, Nolimit City, Thunderkick, and Red Tiger are among the leading studios to have partnered with Betplay.io for Bitcoin Lightning-enabled casino games.
A Betplay.io spokesperson says:
“We have seen tremendous growth in Lightning Network payments to a point where it is now the most popular option,”
“It is really mind-blowing that we are now seeing more deposits from Lightning Network than any other payment method. We are very excited to see the growing adoption of Lightning Network from our players and we believe it is the future of payments for Bitcoin.
“We hope more people will try Lightning Network wallets and experience how easy the process has become. Our data certainly points towards a bright future for the Bitcoin Lightning Network.”
Betplay.io was launched in 2020 by industry veterans looking to create a cryptocurrency casino experience of the highest quality with best-in-class providers namely Quickspin, Nolimit City, Blueprint Gaming, Thunderkick, and Red Tiger.