BetOnline has become the first gaming operator to add ApeCoin to its approved cryptocurrency processing list. ApeCoin started trading on crypto exchanges earlier this week. The ERC-20 token was created by Yuga Labs, the parent company of the Bored Ape Yacht Club NFT project.
BetOnline officially entered the NFT market last month by purchasing Bored Ape #320 during Super Bowl week for $375,000.
BetOnline was established in 2001. The website has been accepting Bitcoin for transactions since 2010.
BetOnline CEO Eddie Robbin III said: "We got in early on Bitcoin because we are confident blockchain is the future of global currency. And now, it's incredibly exciting to start adding NFTs to our asset vault and be the first in our industry to accept ApeCoin. We're bullish on the world of Web3, and we're eager to build and strengthen our partnerships and promotions in this space."
The sports betting, poker and casino platform’s current altcoin list includes Ethereum, Dogecoin, Avalanche, Cardano, Polygon, Solana and USDC. Users have more than a dozen options to use to for deposit and withdraws through the system.
Robbins said utilizing cryptocurrency options is beneficial to the company as well as to players.
"We've established ourselves as the go-to sportsbook, poker and casino platform for crypto players who want the best gaming experience that is guaranteed by anonymity and transparency," he said. "The security of our customers has been, and will always be, the top priority at BetOnline."
The company does not intend to sell its ApeCoin, according to a spokesperson.
