Bitnile.com welcomes Nile Coin virtual currency in its social casino
The site will now accept this option as a form of payment.
Key Points
- The company launched the Nile Coin on Solana Blockchain nearly a month ago
- Players can use this as a payment option but cannot use the Nile tokens to redeem cash or prizes
Holding company Hyperscale Data’s indirectly owned Bitnile.com subsidiary recently began accepting the Nile Coin as a payment form for its virtual in-game currency. Players can now use Nile tokens on the company’s social casino site.
The company launched this payment option on May 3 on the Solana Blockchain. The Nile coin is “part of a broader digital asset initiative driven by Hyperscale Data and its subsidiaries, aiming to merge blockchain innovation with real world applications across gaming, finance, and artificial intelligence (AI) infrastructure,” the company explained.
“In addition to the Tokens, purchases of the Nile Package receive Nile sweeps coins. The Coins, which cannot be purchased, give the holder sweepstakes entries, the winners of which can receive prizes or cryptocurrency (in the form of currency used to purchase the Nile Package that gifted the Coins),” the company said in a statement.
Joe Spaziano, Chief Executive Officer of Bitnile.com, explained the potential benefits of implementing Nile Coin in its online social casino.
He commented, “Nile Coin brings real utility to our gaming ecosystem, and we are excited to accept it on the Bitnile.com platform. We are confident that this will expand the opportunities for users to utilize the Nile Coin and to enjoy the product offerings within the Bitnile.com platform.
“The acceptance of the Nile Coin along with other recently announced cryptocurrency is a major step forward in the development of the Bitnile.com platform.”
Bitnile.com features a variety of social casino games for players, including poker, slots and blackjack.
However, the company noted the Nile tokens cannot be redeemed for prizes or cash.
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