Lightning Network coming to Sportsbet.io and Bitcasino.io gambling sites

Discussion in 'General Bitcoin Gambling Discussion' started by Humble Servant, Feb 8, 2018.

  1. Humble Servant

    Humble Servant Active Member Staff Member

    The Lightning Network is the most exciting and hotly anticipated development in cryptocurrency for many years. It will allow bitcoin users to send instant transactions that cost as little as 1 hundredth of cent. In addition to almost instant and free transactions, the Lightning Network will allow tens of thousands of transactions per second, which is a pretty substantial upgrade compared to the 5 - 10 per second the network can currently handle. Given the huge opportunity the LN offers to gambling operators, it's little wonder that CoinGaming are already beta-testing this new peer-to-peer payment layer.

    CoinGaming Group are pioneers in bitcoin gambling and operate some of the most popular crypto casinos, poker rooms and sportsbooks on the planet, including SportsBet.io, Bitcasino.io, Slots.io and Bets.io. According to their Chief Technical Officer, Peter Piller, "The Lightning Network is a potential solution that could revolutionise bitcoin as a payments platform. This trial will pave the way for a rollout very soon as we cement our position as the leading bitcoin operator".

    The good news is they plan to roll out the Lightning Network to their sites in the near future providing their current beta tests are successful.
     
    Last edited: Feb 9, 2018
    Humble Servant, Feb 8, 2018
    #1
  2. Toast

    Toast Member

    This is really awesome news and super bullish for bitcoin. I suspect that there are a ton of stealth Lightning Network projects being developed that we will see later in 2018. I really hope betting sites like Bovada, BetOnline and 5Dimes are also busy developing Lightning Network solutions for their players.
     
    Toast, Feb 16, 2018
    #2
  3. Toast

    Toast Member

    Is there any update on this? I've downloaded the Eclair Lightning Network wallet to my Samsung Galaxy so I'm eager to start making Lightning transactions.
     
    Toast, Jun 1, 2018
    #3
  4. Lance

    Lance Member

    i doubt they will launch until there are a few stable lightning network wallets for android and ios. right now you need to download the entire blockchain before you can use lightning.
     
    Lance, Jun 5, 2018
    #4
  5. Doyle

    Doyle Member

    some payment gateways are already accepting lightning payments so it shouldn't be too long before gambling sites enable the feature.

     
    Doyle, Jun 25, 2018
    #5
  6. NKOTB

    NKOTB Member

    any update on this? are any gambling sites accepting lightning network payments yet?
     
    NKOTB, Jul 26, 2018
    #6
  7. Toast

    Toast Member

    I am wondering the same. Was it simply a publicity stunt?
     
    Toast, Dec 19, 2018
    #7
  8. 4TheWin

    4TheWin Member

    I really doubt it was a publicity stunt. What many people don't realize is that many offshore sportsbooks use payment processors to take care of deposit and withdrawals. If one of these third party payment processors starts accepting Lightning Network payments then we could quickly see a bunch of sportsbooks becoming lightning network friendly over the next few months.
     
    4TheWin, Feb 6, 2019
    #8
  9. Humble Servant

    Humble Servant Active Member Staff Member

    Humble Servant, Apr 2, 2019
    #9

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